.MERELY thinking of it “gives me a belly ache”, claimed Italy’s money minister, Giancarlo Giorgetti. He was referring to a home-improvements aid that has turned into the economic equivalent of Master Kong: a monster running amok, damaging the country’s seldom-robust publicised profiles. On April 9th Mr Giorgetti uncovered that insurance claims of the subsidy, known as the “superbonus”, made in the four years that the program has actually been operating, along with cases of an additional that offsets the price of refurbishing fau00e7ades, would ultimately drain the treasury of EUR219bn ($ 233bn).
That is actually nearly 10% of Italy’s GDP in 2015. How in the world performed traits get to this point?