Italy’s likely next government has some big spending plans. A coalition of rightist parties looks poised to win general elections in September, making Giorgia Meloni of the nationalist Brothers of Italy party prime minister . High public debt and European Union vigilance will puncture the group’s wildest trial balloons.
Leader of the far-right Brothers of Italy party Giorgia Meloni speaks during a demonstration by centre-right opposition parties in Rome, Italy, July 4, 2020. REUTERS/Remo CasilliMILAN, Aug 11 - Italy’s likely next government has some big spending plans. A coalition of rightist parties looks poised to win general elections in September, making
of the nationalist Brothers of Italy party prime minister. High public debt and European Union vigilance will puncture the group’s wildest trial balloons.paves the way for yet another Italian government. An alliance including Brothers of Italy, the anti-immigration League and ex-premier Silvio Berlusconi’s Forza Italia would command 49% of votes, opinion polls show, well ahead of its divided political rivals.
Finally, Meloni also favours a bigger state presence in Italy Inc. That may endanger agreed privatisations such as that of Alitalia’s successor ITA and of lender Monte dei Paschi di SienaYet, Italy needs the support of investors to refinance its debt. Market jitters forced a previous anti-establishment executive to curb expensive fiscal projects in 2018 and 2019.
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