Italy to sell state assets to itself

Italy’s Prime Minister Mario Monti unveiled an €80 billion stimulus measure aimed at boosting investment and cutting down the debt and part of that measure, some €10, will come from selling state assets to itself!

From Reuters (emphasis added):

The Economy Ministry will sell three companies to state-controlled holding company Cassa Depositi e Presiti (CDP) for about 10 billion euros, with a first payment of about 6 billion expected within 30 days, a statement said.

The revenue from the financial operation will be used to reduce Italy’s massive debt and pay outstanding bills to companies.

Wow!