Your account is broadly accurate, but it underplays Mario Draghi’s political responsibility for the Superbonus. He was not a conventional politician chasing consensus: he was brought in precisely to restore fiscal discipline and correct the distortions he himself later denounced. He criticised the measure openly, but he never turned the Superbonus into a resignation issue. That omission matters.
Never understood why people follow American politics so closely when Italian politics is clearly more entertaining.
Great piece. Reading pieces like this always makes me fomo about missing out on the fraud.
Anyone else feel this way?
I propose a separation of two types of debt for eurozone countries: safe, and risky, here: https://gideonmagnus.medium.com/the-case-for-consumption-linked-perpetuities-in-the-eurozone-557779ece710
Your account is broadly accurate, but it underplays Mario Draghi’s political responsibility for the Superbonus. He was not a conventional politician chasing consensus: he was brought in precisely to restore fiscal discipline and correct the distortions he himself later denounced. He criticised the measure openly, but he never turned the Superbonus into a resignation issue. That omission matters.
How is the EU going to survive if large member states will do something like this?