At a hearing last week, the Bank of Italy, while broadly favorable, suggested the government’s plan was too vague and optimistic. The question remains whether Italy can keep it up: Seven years is a long time, and future governments may think differently. “Certainly I remain concerned about the underlying growth story,” said Balboni, noting among … Read more
Bank of England Governor Andrew Bailey hit back against former U.K. Prime Minister Liz Truss, saying her downfall was caused by her decisions and those of her team, rather than any “deep state” conspiracy. “I don’t know what she means by that,” Bailey told the Guardian in an interview published on Thursday. “I’ll say this … Read more
Ill-suited subsidy spurs precarious revival In the years following its launch, it gradually became clear that the cost of the Superbonus had been dramatically underestimated, after lax enforcement led to thousands of homeowners commencing works without filing official applications. Its total expected cost ballooned to €219 billion, over six times the €35 billion predicted by … Read more
“Today’s cut will be welcome news for millions of homeowners and shows that Labour inherited a stronger economy which was on the right track,” crowed Shadow Chancellor Jeremy Hunt, attacking Reeves for agreeing to new public sector pay rises. “In government, we took difficult decisions that cut inflation from 11.1 per cent to the Bank’s … Read more
Miguel Otero-Iglesias a senior analyst at the Elcano Royal Institute in Madrid. Faced with a choice between successfully completing the green transition, effectively achieving economic security and aiming for fiscal discipline, the European Union is confronted with a new trilemma — and it cannot accomplish all three. But while Germany — with its debt brake, … Read more
 "Why is it so difficult to lose weight? ‘Fat cells’ may be the reason – Firstpost")
