I am going to write about the present political situation in my homeland, Italy. Last general elections were held on March 2018 and two populist parties have won. Despite the fact that during the election campaign they had struggled one against the other in a very hard manner, after three months of talks, they have reached an agreement. As a consequence, a new government had been recently created.
The most worrying issue is that the new prime minister is promising everything to everybody and I do not understand where they will find the money. In fact, they have claimed to reduce taxes and increase the lower pension. Moreover, they want to set a minimum salary for all citizens irrespective of the fact that people are working or not. In theory, it is a very wise effort but Italy has to comply with the EU rules, and withdrawing from the monetary union will be unaffordable because we will face a huge devaluation, with a consequent significant increase of our debt.
Moreover, they have begun a policy of alliance with Russia and other eastern countries within the European Union which is really menacing out the position in Europe and putting into Another discussion our traditional alliance with the USA.
Point concerns immigration. The new government had decided to reduce immigration and to expel as many illegal immigrants as possible. While some reason could be found in this initiative, as Italy cannot be able to welcome all refugees from northern Africa, a message is given that immigrants are a burden for Italy while, on the contrary, they are helping Italy to recover, as they are paying taxes and helping our welfare system.
In conclusion, the main concern regards the economic situation. In fact, an economic policy aimed at increasing public expenditure could lead to a rise in interest rates and to a final increase of our already huge public debt.
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