Italy’s latest legislation on accounting fraud highlights the country’s difficulty in pursuing real economic and political reform

Italy has a longstanding corruption problem which the Italian Prime Minister, Matteo Renzi, has pledged to address. Andrea Lorenzo Capussela and Vito Intini write on a recent piece of legislation introduced in June which alters the rules on accounting fraud. They argue that the legislation has opened up a significant loophole and is indicative of the Italian political system’s inability to produce meaningful political and economic reforms.