Friday, September 2, 2011

Reject austerity and pay higher rates

Prime Minister Silvio Berlusconi’s government has dropped a planned bonus tax on Italians earning more than 90,000 euros ($131,000) a year from a package of austerity measures that aims to balance the budget in 2013.  HT Mish

So, if we want Keynes in Italy then Italy needs to default first.

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