Analysis-Red tape, political hurdles hinder Draghi’s drive to reform Italy

ROME (Reuters) – Prime Minister Mario Draghi set an ambitious reform timeline to relaunch Italy’s chronically sluggish economy after the COVID-19 pandemic, but political disputes and cloying bureaucracy are starting to get in his way.

FILE PHOTO: Italian Prime Minister Mario Draghi attends a joint news conference with European Commission President Ursula von der Leyen (not pictured), in Rome, Italy, June 22, 2021. REUTERS/Remo Casilli/File Photo

The government has been trying for weeks to overcome divisions in the multi-party ruling coalition over a tax reform and a market competition law which Draghi had promised by the end of July as part of Rome’s Recovery Plan.

Presented to the European Union in April, the Plan sets out infrastructure investments and reforms to raise Italy’s growth potential and obtain more than 200 billion euros ($234.52 billion) of EU funds over the next six years.

“The delays in the reforms put at risk…

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