Italy Falls Into Recession for First Time Since 2013

The video discusses the economic recession marked by two consecutive quarters of economic shrinkage, highlighting the challenges faced by the government in meeting spending plans and growth targets. It explores the implications of the recession on government promises, EU relations, and market reactions. The video also analyzes the effectiveness of policies like citizens income and the potential risks of an uncontrolled deficit affecting the bond market and borrowing costs.

In what ways could a deficit going out of control impact the bond market?

What historical context is provided regarding Italy's economic situation?