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Italy Ex-Finance Chief Says New Leaders' Plans Hurt Economy

From bloombergquint.com

Italy’s former Finance Minister Pier Carlo Padoan warned that the new government’s goal is the dismantling of the policies that helped put the nation’s economy on a path to recovery during his tenure. Speaking in an interview with the newspaper la Repubblica, Padoan criticized recent moves that he said punish companies for relocating, impede the fluid functioning of markets and undermine key labor reforms. He said Deputy Prime Minister Luigi Di Maio’s assertions that banks “must pay” for their arrogance have a punitive tone toward the economy. “The risk is the increase in uncertainty, which has as a direct ... (full story)

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