Precisely how much Italy will get from the EU's recovery fund is unclear. Giuseppe Conte, the prime minister, claims it will be €209bn
motor-repair business in Italy, you need 86 permits. Opt for something simpler, like selling pizza by the slice, and things may not stay simple for long: your firm will be subject to checks by 21 different government agencies. Get into a commercial dispute and you can expect it to drag on for three years on average, twice as long as in Spain., a daily, help explain why Italy was ranked fifth-worst amongstates in the World Bank’s latest survey of obstacles to doing business.
That still leaves a handout of €70bn—five times what Italy got in today’s money from the post-war Marshall Plan, though a better yardstick is its relation to the size of the economy at the outset: 4.
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