Italian tax revenues falls short of target

Giugno 5, 2012 MacroEcoAnemia

Italian tax revenues falls short of target

January-April tax revenues EUR 3.5 billion below expectations

Late last week, Italy reported a lower-than-expected deficit for the same period.
That will be hard to sustain if revenues continue to fall.

It’s austerity, baby. (or Rigor Montis ? Mah).