.JUST THINKING about it “provides me a belly ache”, said Italy’s finance official, Giancarlo Giorgetti. He was referring to a home-improvements assistance that has actually become the monetary matching of Master Kong: a beast cutting loose, ruining the nation’s seldom-robust public accounts. On April 9th Mr Giorgetti exposed that claims of the subsidy, called the “superbonus”, created in the four years that the plan has been operating, in addition to cases of another that offsets the cost of remodeling fau00e7ades, would eventually drain pipes the treasury of EUR219bn ($ 233bn).
That is virtually 10% of Italy’s GDP last year. Just how in the world performed points come to this factor?