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Italy’s budget and lively social movements

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by Andrea Teti
ECIA Senior Fellow
on The Economist - 19 Jun 2011

Andrea Teti points out two major holes in The Economist’s Special Report on Italy: 1. that fixing Italy’s budget deficit requires plugging the largest holes in Italy’s accounts — which are are in tax fraud and evasion — rather than the comparatively smaller ‘financial fry’ of privatization; and 2. that far from being passive, Italy’s political opposition has been as lively as its Greek and Spanish counterparts, and longer-lived than its South Mediterranean counterparts.