Tag Archives: Every Economic Statistic Heads Wrong Way

Mish/ Mike Shedlock – Problems In Italy Go On ( And On And On); Coalition On Verge Of Collapse, Every Economic Statistic Heads Wrong Way – 14 July 2013

mish-image-15%With a fragile coalition that is barely hanging on by a thread, a new battle over tax hikes and a stick it to the rich mentality is about to set in.

Needing revenue to meet its budget deficit targets, Italy’s Finance Undersecretary Says Budget Crunch May Require More From Rich.

Italian Finance Undersecretary Pier Paolo Baretta said the government is considering shifting the tax burden to the wealthy in order to satisfy demands for broad-based fiscal easing and meet its 2013 deficit target. Continue reading