Italy's Central Bank has warned that 'the insufficient rates of productivity we have accumulated can't be fixed by monetary policy or higher spending' (Photo: Ed Yourdon)

Italy's return to statism spells trouble for the eurozone

Green Economy

Opinion

by Pieter Cleppe, Brussels,

Last week, European leaders clinched a deal ending weeks of deadlock over Hungarian and Polish opposition to "rule of law" conditionality linked to EU spending. As a result, also the EU's €750bn "recovery fund" will be unlocked.

Italy is projected to be the biggest recipient of the fund. It would receive

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Green Economy Opinion

Disclaimer

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

Author Bio

Pieter Cleppe is a Brussels-based research fellow of the Property Rights Alliance

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Italy's Central Bank has warned that 'the insufficient rates of productivity we have accumulated can't be fixed by monetary policy or higher spending' (Photo: Ed Yourdon)