Tag: Sovereign-debt

Italy for sale -#2

Debt, crisis and tax evasion keep their pressure on Italian Government and stress political relationships. In this scenario, tens of theories about sales of public assets crowd the summer debate on media, pushed by Ministers and politicians. Monti Government is now engaged in the new challenge of selling the (residual) family silver, after its recent …

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US economic recovery is a dangerous mirage

Unlike the eurozone and the UK, where a double-dip recession is already under way, the US has undergone even more public sector releveraging – effectively stealing growth from the future… Nouriel Roubini, Guardian Business blog

Catastroika

Like in the disastrous sale of public goods in the former Soviet Union and DDR in the early nineties of XX Century, a limited company is in charge of privatise goods and services in Greece, water and energy included. The authors of Debtocracy, a documentary with two million views broadcasted from Japan to Latin America, …

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Policy making or rigging up?

Another ingenious idea of the ‘professorial Government’ of Italy: people should work more to raise the GDP! An upcoming cut of bank holidays is said to be the next panacea for the plagues of economy. The debate is on, while public debt signs another unprecedented level (1.933,303 bilions euro), the spread between Bunds and BTPs …

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IMF contradicts Monti Government

After the declarations of Mr. grilli about the plan for large sales of public assets in Italy, it’s worth to remember what IMF stated just a few days before. IMF’s Debt Sustainability Analysis reports that Italian debt has 5% chances only to be reduced under 105% of GDP, as Grilli said yesterday, while the probabilities …

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Italy for sale

Vittorio Grilli, the freshly appointed Minister of Finance of Italian Government, has explained his plan to reduce Italy’s debt, now at 123% of GDP, “by 20% within five years”. This results will be obtained with an optimistic foresight of 1% yearly growth in GDP, although Mr. Grilli told Reuters that Italy’s government will revise down …

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