Italy's economy and fiscal
policies have become "a horror movie" the anti-establishment
5-Star Movement (M5S) said Wednesday.
Politicians reacted angrily to the Italian government's
warning Tuesday that it had lowered forecasts in its economic
blueprint and said it will not balance the budget in structural
terms until 2017.
"We've gone from a book of dreams to a horror movie," M5S
MPs said in a statement.
Premier Matteo Renzi's government was forced to admit that
earlier forecasts for economic growth this year "were the
product of the fertile imagination of those who have lost
contact with reality," said the M5S.
It also shows that Renzi has underestimated the extent of
the economic crisis, said Daniele Capezzone of the Forza Italia
(FI) political party and chairman of the House finance
committee.
He said that Renzi needs the "courage of Margaret Thatcher"
to turn around the Italian economy, referring to the former
British Conservative prime minister famously known as the Iron
Lady for her adherence to free-market policies.
Recently, labour unions invoked Thatcher's name to accuse
Renzi of being too neo-liberal in his proposed changes to labour
legislation in Italy.
"In the debate on the left, incredibly, we use the name
Thatcher to launch insults, but no one seems to understand that
we need exactly the courage of Thatcher to change the course of
this country's 180 degrees," said Capezzone.
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