Savings are melting away in Italy – is the country slipping into recession?

Rome All of Italy is currently discussing petrol prices. There is talk of usury, of motorway gas stations where a liter of diesel costs 2.50 euros. Fuel was subsidized for months. There have been no discounts since the beginning of the year. The right-wing head of government, who was elected in the fall, has also been criticized: Giorgia Meloni and her Fratelli d’Italia party had promised in their election program to cut fuel taxes.

Nothing has happened since then. Critics accuse Meloni of breaching his word. The Prime Minister explained that a tax cut would only be an option if government revenues also increased – and that was not the case. Your government prefers to use the money available to cushion inflation or to relieve families.

Meloni has been in office less than three months – and already she is plagued by money problems. The hoped-for economic growth is not in sight. Billions in gas and electricity price cuts will soon expire.