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Why is it that nobody seems to be objecting to the fact that France and Spain will have larger deficits than Italy? (Photo: drpavloff)

Austerity did not help Italy - maybe spending will?

A ridiculously ferocious attack on Italy's mildly pro-growth fiscal policies in next year's budget are firing up market panic and an unedifying spectacle of chronically mismanaged intra-European relations.

Deprived of an independent monetary policy and flexible exchange rate to manage demand and employment, Italy has slightly reversed its restrictive fiscal stance to provide some support to economic activity and prevent what clearly ...

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Matthew is EUobserver's Opinion Editor. He joined EUobserver in June 2018. Previously he worked as a reporter for The Guardian in London, and as editor for AFP in Paris and DPA in Berlin.

Why is it that nobody seems to be objecting to the fact that France and Spain will have larger deficits than Italy? (Photo: drpavloff)

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Author Bio

Matthew is EUobserver's Opinion Editor. He joined EUobserver in June 2018. Previously he worked as a reporter for The Guardian in London, and as editor for AFP in Paris and DPA in Berlin.

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