Government proposal leaves markets gasping -- and Italians vaping


  • World
  • Saturday, 19 May 2018

FILE PHOTO: E-cigarettes are displayed in a shop in downtown Rome, Italy February 27, 2015. REUTERS/Tony Gentile/File Photo

ROME (Reuters) - While Italy's 5-Star Movement and League party left financial markets gasping on Friday with promises to raise government spending dramatically, users and producers of electronic cigarettes were breathing more easily.

The parties' 57-page "contract", which is supposed to underpin a new coalition government, includes two lines promising to lower levies on smokeless cigarettes to the benefit of Italy's 2 million e-smokers, and a business worth 350 million euros (305.8 million pounds) a year.

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