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Political turmoil for Italy comes at the worst possible time | Business| Economy and finance news from a German perspective | DW


Political turmoil for Italy comes at the worst possible time
Matteo Renzi s decision to pull his party s two ministers from the coalition government has plunged the country into yet another political crisis this time over a debate on how best to spend EU recovery funds.
EU recovery funds are also meant to boost employment in the bloc s member countries
Italian Prime Minister Guiseppe Conte s draft recovery plan based on €209 billion ($254 billion) from the EU s post-pandemic recovery fund to prop up the ailing economy has triggered more political chaos.
On Wednesday two ministers from Matteo Renzi s Italia Viva party quit in opposition to Conte s plan, leaving him without a ruling majority in the Senate. ....

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