Will Italy squander its €200bn?

 Among the plan’s many bold targets: construction of at least 206km of new green public transport infrastructure in 16 cities, Palermo included. 

Rome initially planned to give Palermo EU recovery funds to finance the Mondello tramline project. But mayor Roberto Lagalla recently told Rome that the works — yet to begin — could not be completed by the EU’s strict mid-2026 deadline and should be stricken from the scheme.

Unveiled with great fanfare two years ago, the plan aims to strengthen Italy’s fragile physical and social infrastructure

new doubts about the long-term sustainability of Italy’s heavy debt could reawaken fears over the financial stability of the entire eurozone.

Financial Times 30 August 2023

https://www.ft.com/content/37f968ec-1b5d-4d97-a42f-c4b9324a7428

Inlägg med etikett Italien

https://englundmacro.blogspot.com/search/label/Italien