Conte’s dangerous habit of postponing difficult decisions to hide the divisions within his weak government majority is a warning to investors about the uncertainty of putting their money into a regulated business in Italy at a time of whimsical politics.
A DAY after the Morandi Bridge collapsed in Genoa in August 2018 claiming 43 lives, Giuseppe Conte said he would strip Autostrade per l’Italia SpA of its motorway concessions.
Two years later, Italy’s prime minister is making the same noise – but has not yet made up his mind.
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