M5S complains Italian finances 'a horror movie'

(ANSA) - Rome, October 1 - 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.