In this speech, the general secretary of Assopopolari explains why the disappointing results achieved by Europe in terms of economic growth lead to a paradigm shift in the direction of a more expansive policy and less suffocating banking regulation - Even…
In the event that Greece fails to achieve its budgetary objectives, it will have to launch further cuts of 3 billion euros - In exchange, the Eurogroup has agreed to a plan that provides for the restructuring of the Greek debt -…
Prime Minister Renzi attacks the German line, without however appointing Chancellor Merkel, on austerity and migrants - The head of government complains about the infringement procedure against Italy on the registration of migrants and the lack of green light…
Le Pen won the regional elections in France by promising to fight "the Europe of rules" and to abandon the austerity policy - However, there are at least three reasons that make it unlikely that the Front National will be able to maintain…
In Italy, the reduction of public spending seems impossible: spending is halved from the new budget - The technicians make the proposals but the politicians reject them because they fear losing consensus - But the cases of Portugal, the Gran…
Tsipras signs an agreement with Amel, a centre-right party - The two formations, politically polar opposites, are united by the objective of fighting against the austerity imposed by the Troika - Syriza won 36,36% of the votes, equal to 149 seats, only two…
The Premier at the Davos World Economic Forum: "The time has come for growth through public and private investments" - "Berlusconi, Monti and Letta have lost the opportunity to reform the banking system: we have brought about a radical change for…
In the three-year period 2010-3, Italy and France raised taxes more than what Europe asked for because they were unable to cut spending, with the result that they grew less than countries such as Portugal, Spain and Ireland, which received…
The German Finance Minister confirms his criticism of the ECB's expansionary monetary policy
The funds of the Juncker plan are too meager to really relaunch Europe which would instead need a fiscal maneuver that boosts domestic demand by returning the savings stolen by austerity measures to families - But the battle for a…
The autumn economic forecasts of the European Commission confirm the slowdown of the Old Continent even if not uniformly and an Italy still in recession - But there is something new: the awareness that from now on we need less austerity and more…
The Maastricht rules (deficit at 3% and debt at 60%) were conceived in a different context and need to be updated but compliance with the structural budget and growth are not alternatives: the former can help the latter by avoiding…
The prime minister on a visit to London takes a stand in the austerity clash. He says to Merkel: "Nobody should treat other countries like students" - And he collects the support of David Cameron: "Europe must be more flexible"
"The pace of deficit reduction is adapted to the economic situation. No further efforts will be required of the French, because the government rejects austerity", writes the French finance ministry, confirming the 2015 Stability Law.
The German Chancellor asks Draghi for clarification on austerity who met Hollande today - Germany does not want to convey the impression that it is letting its guard down on the policy of rigor but in reality Draghi has never had the intention of changing a…
Clamorous split in the French government between the proponents of soft austerity, represented by Prime Minister Valls, and the radical opponents of Merkel's policy led by Economy Minister Montebourg, whom Hollande ousts with Culture Minister Filippetti -…
The ECB is ready to do its part and resort to unconventional measures (LTRO in September and asset purchases within the year) but it cannot replace governments that need to speed up reforms and practice more austerity…
To get out of the quagmire of stagnation, Europe must abandon austerity and launch a policy that finally makes growth possible - There may be many recipes, but the most effective one is a 50% VAT cut for the whole continent,…
The overtures of the German Chancellor on the budgetary policy of the Eurozone countries must not fuel excessive illusions - There will be more flexibility, but always in compliance with European agreements and rules - It is the "Merkel method": the aim is…
SVIMEZ SEMINAR - The event organized by the Association for the development of industry in the South will be held on Wednesday 11 June at 15 pm in via di Porta Pinciana 6, Rome, and will revolve around the report by Sunanda Sen, professor at the Academy of Education…
The European Parliament reproaches the Troika (EU, ECB, IMF) with overly austere economic recipes against the crisis which have ended up damaging the four countries (Greece, Cyprus, Ireland and Portugal) which have received aid and which have also proved to be counterproductive for the Italy that…
Thunderous applause from the European Parliament for Giorgio Napolitano submerges and makes fun of the anti-euro barbarity of the League - The Head of State sends a strong message to the ruling classes of the Old Continent against the decline of Europe but advocates a forward-looking economic policy,…
The President of the Republic spoke this morning at the European Parliament in Strasbourg: "We need a change capable of leading to an effective relaunch of growth and employment. The European elections in May will be the moment of truth to fight…
In the delicate economic context, if the fiscal tightening inhibits the demand for public goods, it is precisely inadequate infrastructure and low diversification that slow down the process of convergence towards the more advanced economies.
The Premier will fly to Berlin tonight to ask for a more supportive Europe, because "one dies of too much rigor", but at the same time he reiterates the centrality of financial stability and maintains that Italy will continue to be vulnerable as long as the rate on our bonds…
Angela Merkel made terrible mistakes: now we need to change the situation. These are the words of former German chancellor Gerhard Schröder in an interview with La Stampa. And she adds: "If the reforms are carried out, it is right to go beyond the stability pact: every…
The Professor relaunches the proposal to modify the rules of the Maastricht treaty and rails against German austerity: "France, Italy and Spain should bang their fists on the table" - The former Premier proposes to "temporarily exclude the 51…
After five years of global crisis, politicians and economists are wondering about the remedies. And now, after the International Monetary Fund has admitted that the cure imposed on the Eurozone (Greece in the lead) has not worked, the president of Parliament…
The fight against tax evasion is essential but not enough to revive the economy - On the other hand, coordinated initiatives at European level are decisive to create purchasing power by offsetting national austerity - The idea of Eurobonds in exchange for halving VAT at the level European.
"Today - explains Professor Paolo Manasse, professor of macroeconomics at the University of Bologna - there is a widespread tendency in Italy to attribute the current recession to Angela Merkel, Mario Monti and austerity measures" - "But the truth is …
The Bank for International Settlements writes in its annual report that "monetary authorities must return to putting the emphasis on their traditional stability-oriented approach" - "Governments continue on the path of rigor and structural reforms" - Italy…
FOCUS BNL - Closing the infringement procedure concerning the public deficit represents a preliminary step for Italy - A further and much more decisive contribution must come from Europe, called to field new ideas as well as additional resources…
The clash between some of the world's most illustrious economists ignites: on the one hand the neo-Keynesian Nobel laureate Paul Krugman and on the other Carmen Reinhart and Kenneth Rogoff, supporters of austerity and the doctrine of 90% of GDP as a limit...
The IMF has declared that "too much austerity is strangling the economy", Angela Merkel has said that "rigor is no longer enough" and Hollande has also expressed himself arguing that "austerity has dragged Europe into the abyss" - The Nobel Prize Paul Krugman aims…
Courtesy of the publishing house "Il Mulino", we are publishing part of the central chapter of the new book by Lorenzo Bini Smaghi, former member of the board of the ECB: "Dying with austerity" - A volume that criticizes the recessionary effects of…
The President of the French Republic François Hollande does not choose half measures, during the second press conference of his mandate, convened at the Elysée a little over a year after his appointment, with popularity at its lowest and an economy that is always struggling…
"Going back to budget deficits is not an option to be taken into consideration", underlined the number one of the IMF in an interview with Swiss TV.
According to the Commissioner for Economic Affairs in Brussels, "consolidation efforts must take into account the specificities of countries, therefore the dynamics of fiscal adjustment are changing. There is now room for maneuver for less aggressive efforts, which is not…
FROM THE AMBROSETTI FORUM - The keyword of the spring edition of the usual international workshop is austerity: in 2013 it must leave room for growth, because the bad debts of the banking sector are at an all-time high - The effects of the Italian elections on investors…
According to the deputy general manager of Bank of Italy, "in a country like ours, where there is a history of excess public spending, deficits and debt, a Keynesian maneuver" of public spending "would risk making our investors come…
REPORT BY THE INTESA SANPAOLO RESEARCH OFFICE - 2013 will be an important year for budgetary austerity in Europe: in the short term, weak growth will continue to weaken even the ability to contain public debt, progress on this front…
The Finance Minister is meeting today with representatives of the Monetary Fund, the EU Commission and the ECB to obtain the go-ahead for the 13,5 billion austerity package developed by the Greek government and thus receive the tranche…
Greek Prime Minister Samaras intends to ask for a two-year postponement to 2016 to implement the 11,5 billion austerity plan agreed with the Troika - But the German government immediately puts their hands forward: "It's worth…
The approximately eight years in Moncloa of the Socialist Premier have plunged Spain from stars to rags - The country has gone from an undisputed champion of economic and employment growth to a clear example of a model of inefficiency - The mistake is…
The leader of the radical left announces that, in the event of victory in the elections on June 17, he will reject the austerity pact signed in exchange for the aid plan - But then the reverse comes: the goal is to "renegotiate" - Meanwhile in the…
The International Labor Organization presented its 2012 Report today in Geneva: the picture is of increasing unemployment on a global scale, which exceeds the threshold of 200 million people and mainly affects young people - The…
Savings of 27,3 billion are expected and a reduction of the deficit to 5,3% of GDP from 8,5% in 2011.
Dutch Prime Minister Mark Rutte is in talks with Queen Beatrix to tender his resignation. The rift within the parliamentary majority that supports the government is incurable. Geert Wilders' Pvv, far-right party, said…
According to the Head of State, "the great problem of fiscal consolidation has not been overcome, however energetically tackled by this Government" - As for the Fornero reform, "we need a more transparent, better regulated and efficient labor market, but we also need…
General strike in Madrid, unions define the labor reform imposed by the Rajoy government as "brutal" - Inflation down to 1,8%: the lowest rate recorded in a year to date - The Spanish spread exceeds 350 again…
Clashes in front of Parliament ahead of tonight's vote at 23pm on the anti-crisis package - Black Bloc with Molotov cocktails in Syntagma Square: the police respond with tear gas - Two injured.
The Greek ordeal is experiencing another day of extreme tension today - Parliament's vote is expected tonight on the anti-crisis plan requested by the EU and the IMF to grant new aid and avoid default - The premier's heartfelt appeal…
Nearly 10 demonstrators parade through the streets of the Greek capital - The general strike has been called against the new austerity reforms - Political leaders will meet at 20.00 - The measures are fundamental prerequisites for receiving the…
The term disappeared from Italian newspapers and TV channels when commenting on the Monti manoeuvre. Yet the foreign press uses it without problems, as do we, but only when talking about the reforms of other governments. The French newspaper Le Monde…
