Premise: Italy is part of the euro system, hit by a deep economic crisis. Our country will only be able to raise its head again if, alongside less austere economic policies, profound structural reforms are implemented, the engine of which is political.
In addition, the Belpaese is a very important element: having a credible government in the eyes of Europe and the world is important, a necessary condition for fears of a possible default to be definitively dispelled. Do you believe that the future prime minister should focus on our country, ignoring external pressures? We are not an isolated atoll, we reiterate, we are part of a system and the rules of the system (certainly perfectible) we must take into account.
On 24 and 25 February the polls will open for a new electoral round. The vote (or the choice not to vote) of each Italian voter is an important contribution to the resolution of the crisis, which is why we at Advise Only, in our small way, would like to help our readers vote in an informed way.
On this same blog we proposed an opinion poll, then we provided you with the most probable voting scenarios according to the polls (we will publish an update very soon). Now we focus on the programs of the various coalitions.
We started from the assumption that dreams in economic policy are short-lived (Italy and the Italians have let themselves be charmed too many times in the past, it's time to stop!). The hard truth is that there are "balances" of the public finances necessary to have the security of the public finances and the definitive confidence of the markets and of other countries. With this in mind, we have impartially endeavored to extract the economic “juice” from the various programmes, grouping them as follows:
– measures that impact on public revenues;
– measures impacting public expenditure;
– infrastructural measures for economic growth, crucial for solving the debt problem;
– attitude towards the euro.
All of this - we know - at the price of some simplifications, because the programs are often vague and smoky. We have also taken the liberty of "pruning off" with the utmost impartiality entries that may be interesting, but of little economic impact. The economy is not everything, we are the first to say, but if the country were to sink, everything else would also be short-lived.
If you believe that there are important omissions in our post or if you feel that we have not been thorough enough on any point, please write to us. As we at Advise Only always say: “A knowledgeable investor is a better investor”. Don't you think the motto fits perfectly for the voter too?
Download the Advise Only analysis table in Pdf:
Attachments: Programs compared.pdf
