Italy raises deficit target, defies EU and rattles marketsby Gavin Jones, Alberto Sisto
Italy’s new government proposed a 2019 budget with a deficit three times bigger than the previous administration’s target, setting up a clash with the European Commission and sparking a sell-off of state bonds.
Italy has the heaviest debt burden among big European Union economies, at 131 percent of gross domestic product.
Source: Reuters
https://www.reuters.com/article/us-ital ... SKCN1M80UD
It's all about "how much you made when you were right" & "how little you lost when you were wrong"