#italyelections have shown a clear support for the far-right coalition, gaining 44% of the votes. Yet, the road from an electoral victory to a stable and functioning government could be long and complicated. The first test would be the drafting of the 2023 budgetary law. 1/3
This is notoriously a difficult process in Italian politics, with hard quarrels and infighting even within parties. The right coalition is rather loose and, despite the unified manifesto of large tax cuts and higher pensions, the devil's in the detail and funds allocation. 2/3
In the current economic context and energy crisis that severely limit the fiscal room for bold economic policies by new government, the temptation to delay its formation and thus push the outgoing govt. (Draghi) to set up the new budget could be fairly strong. 3/3
• • •
Missing some Tweet in this thread? You can try to
force a refresh
