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Alessandro Di Nallo Profile picture
Alessandro Di Nallo
@aledinal
Research fellow @Unibocconi @DondenaCentre
Dec 23, 2018 • 7 tweets • 1 min read
THREAD
Italy is slipping into the abyss.

Last night a shameful budget law was voted in the lower house. The law was presented at 2pm yesterday and voted after about 12 hours without a parliamentary committee examining it (constitutional violation) 1/ Some highlights: lower retirement age and income of citizenship that will jeopardize public finances in the coming years; 23 billion EUR increase in VAT in 2020 (~ 1.5% ITA GDP) and 29 bln EUR in 2021 if budgetary goals are not met (very likely) 2/