Italy’s budget mess leaves earthquake-stricken towns in limbo – POLITICO

Italy’s budget mess leaves earthquake-stricken towns in limbo – POLITICO

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

Italy’s beach clubs shut down to protest EU law – POLITICO

Italy’s beach clubs shut down to protest EU law – POLITICO

Beach club operators point out they have invested in their businesses, and warn of 300,000 jobs at stake.  But an EU competition directive in 2006 said that concessions should be allocated through a competitive bidding process. Successive Italian governments have delayed applying the rules, wary of the powerful beach club lobby. But after legal proceedings … Read more