What two years of severe recession, the political opposition, and repeated recommendations—both institutional and from a large number of analysts—have failed to achieve seems to have been accomplished, in little more than a week, by pressure from the ruthless markets and supranational bodies. Reality can be ignored for a time, but it always ends up asserting itself.
On May 11, the Prime Minister announced before Congress a package of measures aimed at cutting public spending by €15 billion between the current and the next fiscal year.
