Italy’s policies make sense, it’s eurozone rules that are absurd | Larry Elliott

Tax and spending plans will cost around €60bn a year, or 3.5% of Italy’s GDPWilliam Hague once described the euro as a burning building with no exits, and the experience of Italy over the past 20 years has proved that the then Conservative party leader was absolutely right.Joining the single currency was made easy at the end of the 1990s. As one of the original signatories of the treaty of Rome, Italy desperately wanted to be in monetary union’s first wave. Continue reading...