È incredibile come con un semplice trucco di non fare niente stiamo per diventare l’economia più affidabile dell’EU (il che la dice lunga sul futuro di questo povero continente)
The 10-year long, good, relentless and very smart work of Davide Iacovoni’s team at the Italian Ministry of Finance is paying back. Davide Iacovoni is the head of the office having responsibility over the Italian bonds emissions.
This said, the only Eurozone country to have consistently obtained an avanzo primario (revenues of the State minus expenses of the State before calculating the debt service) during the last 30 years was Italy.
Also, it’s important to remember that 14 years ago when Berlusconi was forced to resign , our public debt was for the 50% of German and French banks: an Italian public debt default would have most likely had fatal consequences on both countries’ banks. Now this percentage is well below 30% and Italian families have restarted to buy Italian bonds (included myself). The more a country keeps its public debt within its borders the better it is in terms of long term sustainability of the debt.
I’m not saying Meloni’s government is not working well on keeping the deficit low: I just want to outline that this is the result of decades of efforts to keep Italy on the right path. Now we see an outcome.
Non è vero che non investiamo su nulla, il governo Conte ha fatto grossi investimenti su banchi con le rotelle, monopattini e sulla sicurezza sociale con il RDC che ha consentito a diversi parassiti di campare ancora di più sulle spalle degli altri.
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È incredibile come con un semplice trucco di non fare niente stiamo per diventare l’economia più affidabile dell’EU (il che la dice lunga sul futuro di questo povero continente)
The 10-year long, good, relentless and very smart work of Davide Iacovoni’s team at the Italian Ministry of Finance is paying back. Davide Iacovoni is the head of the office having responsibility over the Italian bonds emissions.
This said, the only Eurozone country to have consistently obtained an avanzo primario (revenues of the State minus expenses of the State before calculating the debt service) during the last 30 years was Italy.
Also, it’s important to remember that 14 years ago when Berlusconi was forced to resign , our public debt was for the 50% of German and French banks: an Italian public debt default would have most likely had fatal consequences on both countries’ banks. Now this percentage is well below 30% and Italian families have restarted to buy Italian bonds (included myself). The more a country keeps its public debt within its borders the better it is in terms of long term sustainability of the debt.
I’m not saying Meloni’s government is not working well on keeping the deficit low: I just want to outline that this is the result of decades of efforts to keep Italy on the right path. Now we see an outcome.
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Non è vero che non investiamo su nulla, il governo Conte ha fatto grossi investimenti su banchi con le rotelle, monopattini e sulla sicurezza sociale con il RDC che ha consentito a diversi parassiti di campare ancora di più sulle spalle degli altri.
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