Italy's stimulus spending

In 2008 the Italian economy contracted 1.0 per cent, its worst showing since 1975, and last Wednesday the Bank of Italy predicted that the economy would likely shrink by 2.6 per cent this year. There is absolutely nothing to be happy about, but, as common sense suggests, if there is something that can make things even worse, it is to paint this crisis as a tragedy, and that is exactly what the