Economy / Politics

The “treasure hunts” in Italian politics

In Italy when the Government unexpectedly finds some money in the budget, this sum is called “tesoretto” (little treasure). When a tesoretto is found, a political scramble immediately begins on how to spend it; this is sometimes called a “wagon robbery”.

The Government has just found a little treasure amounting to about one billion, thanks to the decrease in the interest rate of State bonds.
Prime Minister Matteo Renzi said that no decision has been taken on how to spend the little treasury. Matteo Salvini, the leader of Northern League, immediately replied that the sum must be used in support of elderly unemployed left without a pension by Mario Monti’s reforms; otherwise, Mr Salvini and his supporters will “hunt down” Mr Renzi. As an alternative the Northern League will accept the cancellation of the land tax for agricultural terrains.

The trade unions asked for the little treasure to be distributed among pensioners instead.

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