Policy Briefs

A. Franconi: Mini-Bot: Ingenuity or Ignorance

With the infringement procedure launched by the European Union against Italy in December 2017 (not to be confused with the potential infringement procedure for excessive debt, avoided for the moment) because of the structural problem involving the long deadlines that Italian public administration (PA) employs for paying their supplier companies, many have expressed the will to address the problem “… even through instruments such as small-denomination government bonds…”. The pressure from the League and the 5 Star Movement parties was decisive. By including just few words in the motion, they rekindled the dangerous public debate on mini-BOTs. The subject must now be clarified, since nowadays well-constructed lies seem to be as relevant as the reality of the facts.

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