The racing agency confirmed to Bbb the Italian racing with a stable outlook. Kammer (IMF) in an interview with Repubblica: "the super bonus alone is not sufficient to explain the debt problem"
On the occasion of the celebration in Rome of the 150th anniversary of the birth of Luigi Einaudi, the Governor recalls how Einaudi managed to reduce inflation without stifling growth, but even leading to the Italian miracle. The debt issue in Italy
The third issue of the BTP Valore brings with it something new: the duration is lengthened due to the drop in interest rates. Here's everything you need to know
During the Ecofin meeting, the agreement was reached, promoted mainly by France and Germany and also welcomed by Italy
Decisive Ecofin meeting today to define the new Stability and Growth Pact - Deficit and debt parameters are crucial but France and Germany are already close to an agreement which Italy, despite sharing its substance, gives the impression of…
Minister Giorgetti closes the hearings on the maneuver and attacks the central banks who "create uncertainty". On the debt "signals have been sent that the markets have appreciated" - Strong comments from the UBP on decontribution and healthcare
After the Ecofin, optimism emerges from the leaders - France and Germany call a summit to decide - Italy makes a wall: ok to rules on debt, but no parameters that are too penalizing on the deficit
On Savings Day, alerts on the sensitivity of our public debt multiplied from the outgoing Governor Visco to the Minister of Economy Giorgetti, but politicians do not seem to realize it
There is no default on the horizon for the Italian economy but the party is over, GDP is slowing down, inflation is not falling enough, confidence is falling and the debt burden is becoming more cumbersome
Interview with Gian Maria Milesi-Ferretti, former deputy director of the IMF and now senior fellow at the Brookings Institution in Washington - Faced with the difficulties of the Italian economy "the populist attitude towards Europe and investors would be the worst signal"
An analysis by the management company points out that Italy underestimates its potential. Women, who have more education, would also give a strong boost to productivity: it would not only be a question of number but also of quality. With more strength…
In a document sent to the Foreign Affairs Commission, the Ministry of the Economy openly denies the Government and promotes the ratification of the Mes.
With the approval also in the US Senate, the agreement on the US public debt ceiling becomes operational and the markets are breathing - Good news also from inflation and the Fed
Sigh of Relief as House Approval of Government Debt Deal - Markets Now Betting on Fed Rates Staying
A joint commitment between the Government and the social partners against inflation and the acceleration of investments and reforms for the full implementation of the PNRR: these are the recommendations of Governor Ignazio Visco in his latest Final Considerations in the Bank of Italy
According to the report of the Public Accounts Observatory, our country, already burdened by a high public debt, has the worst demographic prospects among all the main European countries. Unless interventions are made that trigger a virtuous circle.…
Wall Street is preparing tomorrow to celebrate the agreement reached overnight between Democrats and Republicans on the public debt ceiling, without which state spending would have been halted and America would have gone into default
For the US, the X hour on debt is approaching and, together with the recovery of Covid in China, fuels market anxiety - Sudden slowdown in luxury
A new issue of a 15-year Btpei from the Italian Treasury arrives and Dbrs promotes Italy - Profit taking on gold
Dividend Day sends the Milan Stock Exchange into the red but other European lists suffer too - The tug of war on the public debt ceiling weighs on Wall Street
Will the charge of 61 dividends arriving today at Piazza Affari shake up the stock market or will the coupons end up fueling the return of interest in bonds?'
"I am confident that we will soon have a budget agreement and that America will not default": these words from President Biden give the dollar a new shine and invigorate the stock markets
At the moment our country enjoys a BBB classification with a stable outlook and, forecasting a decline in public debt in 2024, has revised upwards its growth estimates for the current year - Friday 19 May will be…
The Hands of the economy of May 2023 - What basic factors explain the resilience of the economies (and in particular of the Italian one)? How troubling are the woes of American banks? Has inflation reached its tipping point? The Federal Reserve…
The new EU governance proposal is good for Italy and for Europe and is consistent with other European measures - Debt sustainability will finally be examined country by country
The EU Commission presented the proposal to reform the Stability Pact - Dombrovskis: "Balanced proposal" - Gentiloni: "A new chapter is opening" - Compromises to convince Germany
The intervention of the general director Luigi Signorini: "Environment and debt: postponing may seem an easier choice today, but it aggravates tomorrow's problems. Draconian measures are not needed immediately but to chart a course clearly".
Public debt has reached 2.772 billion and the upward trend of will continue in the coming years. Tax revenues down by 3%. Foreign investors are declining
The new Eurostat accounting criteria that update the weight of tax credits weigh on the deficit. Istat revises the GDP data slightly downwards. Positive signals from the manufacturing PMI
INTERVIEW WITH TOMMASO MONACELLI, professor of Macroeconomics at Bocconi - The American debt ceiling has been raised 44 times in the past but this time there are potentially incendiary economic elements" with possible effects on the confidence of the financial markets,…
Interest expenditure, one of the heaviest items of Italian debt, is kept under strict observance by the MEF, weighed down by higher inflation and interest rate hikes. Here are the upcoming government bond issues of the…
The management of the public debt, modulated country by country, promises to be one of the main innovations of the new European governance of which Eurocommissioner Gentiloni has recently
The Parliamentary Budget Office underlines that "the room for maneuver that will be available must be carefully evaluated" to combine growth and debt reduction
In his latest book, the economist who predicted the 2008 crisis and the subsequent great recession talks about the 10 terrible economic catastrophes that are about to hit us: let's hope he's wrong
Investors' bet is on the future price trend. Some still see rate hikes to contain them. Others are already seeing signs of a slowdown. Opportunities on the Btp market
Clear speech by the President of the Commission Von der Leyen who in Strasbourg takes stock of the situation on the state of the EU: gas, debt, hydrogen and the EU plan against expensive energy at the center
Two outings were enough to unmask the real Meloni: an inconsiderate attack on Europe forgetting the 200 billion of the Recovery Plan and a reckless attack on Draghi on the public debt which has never dropped as much as in recent months -…
Thanks to this tool, it is possible to interactively view all the information on each government bond issued by Italy until 31 July 2022
According to the latest policy brief of the Luiss School of European Political Economy without effective common European answers, the increase in the price of gas can plunge the economy into a recession but this forces Italy even more to be rigorous even after the vote
According to a focus of the Upb, the reduction at Eurozone and EU level will be 1,8% - On the other hand, Italian debt remains 50 points higher than the euro area average
According to the CPI Observatory, at the end of 2022 the ECB will have 29% of Italian public debt, up from 17% in 2019 - In addition, reinvestments and the new anti-spread shield are now underway
The Observatory on Italian public accounts explains that, in the short term, the erosion of the real value of the debt clearly exceeds the increase in interest expenditure, bringing an advantage to the State
INTERVIEW WITH MASSIMO BORDIGNON, economist at the Catholic University and author - together with Gilberto Turati - of the book "Public debt. How we got there and how to survive it"
Stock markets hope to raise their heads, but tomorrow's US inflation data will be decisive - The spread over 200 turns the spotlight on Italian debt
The request is to reform the Stability Pact in a more "realistic" sense, allowing for differentiated budgetary strategies - Rigorism, however, does not completely disappear
A study by Intesa San Paolo found that in recent weeks investors have shown themselves willing to receive a lower return in order to own a green business
The Parliamentary Budget Office (UPB) has formulated two investment hypotheses associated with the golden rule: in both cases, the benefit in terms of growth would be significant
The European Commission has decided to suspend the public debt rule for next year too - And France talks about a new anti-war Recovery Fund
Speaking at the Forex Congress, the Governor of the Bank of Italy, Visco, highlighted the strong recovery of our economy and the decline in debt "beyond forecasts, arguing that a limited rise in market rates will have a moderate effect on the cost…
The Pact is obsolete and has been suspended by the EU to allow governments to deal with the pandemic but some countries would like to restore it in 2023 as if nothing had happened and with the risk of creating serious damage - A…
Speaking on Savings Day, the Governor of Bank of Italy issues a warning in view of the Maneuver: "The debt cannot be used to cover current expenses" - According to Visco, an EU fund is needed to absorb national debts post…
The council of ministers approved the update note of the Def - 2021 GDP at 6%, deficit at 9,4%, 18 billion a year of margin for the next 3 years - Irpef reform and social safety nets on the way...
Faced with the enormous growth in the public debt of the Eurozone countries due to the pandemic, a way out must be found that does not compromise financial stability: the solution may be to allow the ESM to purchase all the debt from the ECB…
According to the Monitor published by the Intesa Sanpaolo Studies and Research Department, while public debt has continued to rise, that of local administrations has dropped by 800 million
The new 40 billion difference that the government approved with the Def brings the bill since the beginning of the pandemic to 497 billion: almost two and a half times the money allocated to our country with the Recovery Fund
Even more than public debt, low growth is the real cancer of the Italian economy - The comparisons of the last twenty years with other countries are merciless and expose the weakness of the Italian economy - Finally, even among bankers…
The constitutional judge emeritus Sabino Cassese bluntly rejects the budget maneuver definitively approved by the Senate: it is a "mixed fried" of tips and donations for all the corporations, in which the future of Italy and the…
According to the Parliamentary Budget Office, the +6% estimated by the executive for 2021 must be lowered by at least one percentage point - Doubts also on the trend of the public debt and on the effectiveness of the single allowance for families
The vaccine effect is felt on the markets: it has been 40 years since the stock markets have grown like this - However, the beginning of the year was devastating and, despite the strong recoveries of recent weeks, the Ftse Mib 2020 index is still in the red -…
Considering the debt-to-GDP ratio is not enough to think about the sustainability of our financial exposure: the cost of debt and attention to its composition and geographical and non-geographical distribution also count - Every misstep in economic policy can…
INTERVIEW WITH LORENZO CODOGNO, economist, visiting professor at the London School of Economics and former general manager of the Treasury - "Supporting growth is decisive for making public debt sustainable and the use of European funds, including the Mes, will be fundamental"
The economics lesson of those who live off sheep farming on the outskirts of Rome. What is the stigma effect and why this time it could work the other way around if we decide to take funds from the MES
INTERVIEW WITH GUIDO TABELLINI, Full Professor of Economics and former Rector of Bocconi - "Our public debt is still under control" thanks to the ECB's expansionary monetary policy, which however cannot last forever - For Italy it will…
The Financial Times dedicated an entire page to Stephanie Kelton, economist and co-chair of Joe Biden's economic task force according to whom "the limit to money is only our imagination". And she explains that a third way, between rigor and…
The renewal program that Prime Minister Conte will present to the States General, also containing some measures of the Colao Plan, will have to start from young people and prepare for them the necessary tools to build a more innovative, sustainable economic and social system…
The devastating economic forecasts of the European Commission for which only Greece is worse than Italy unnerve Piazza Affari and worsen the Btp-Bund spread
The Government has approved the new Def - Deficit at 10,4% this year and 5,7% in 2021 - With a second wave of the epidemic (and without a vaccine) the recovery will postpone
According to the latest Forecast Report of the study center, Italy risks finding itself in 2022 with a GDP still 2% lower than that of 2019 - "No country can do it alone: without Eurobonds, the European project is…
Strong intervention by the former president of the ECB, indicated by many as possible head of a government of national unity, against the risks that the next recession will turn into a depression - Draghi invites Europe to intervene quickly in defense of…
Politics has returned to ignoring the debt problem, but the EU Commission and the IMF warn that the situation will worsen further in the coming years - According to the economist Giampaolo Galli, the idea of solving everything with the deficit is illusory- Bankitalia…
INTERVIEW WITH MARCELLO MESSORI, director of the Luiss School of European Political Economy - "The Salva-State Fund serves to give peace of mind to countries in difficulty but there are also two very important precautionary funds" - "Restructuring is not at stake…
In his new book "Società Signorile di Massa" the sociologist Luca Ricolfi proposes a reading of Italy today that is completely different from the current one - He claims that inequalities have not increased and that today there are many people who, instead of committing…
What is at the heart of the international and domestic political controversies regarding the Salva-Stati fund? What does the reform foresee? What are the risks and consequences for Italy? Here's everything you need to know
Salvini accuses Conte of treason, who defends himself: "He attended all the meetings" - Gualtieri and Bank of Italy explain that there is no exchange between financial aid from the Mes and debt restructuring - But at the December summit Italy will ask…
According to Brussels, which has published its opinions on all EU budget laws, ours is among the countries heading towards a "significant deviation" from the deficit and debt targets - The Commission is asking to "adopt the measures…
Brussels revises downwards the data on the Italian economy, which between now and the next two years will confirm its position at the bottom of the EU - Moscovici on the manoeuvre: "Improved approach compared to last year, clarifications requested but we will not reject the Italian budget".
The Assonime Board criticizes two salient points of the Def update note issued by the Government in view of the budget maneuver
"Only small change" those envisaged by the government's budget maneuver to reduce the tax wedge: according to the leader of Italia Viva who makes two proposals to change without raising the deficit. that's how
Giovanni Ferri – full professor at Lumsa, formerly at the Bank of Italy and the World Bank – explains that minibots, in addition to increasing debt, would not work either as currency or as government bonds: their only purpose is…
The enlargement of the EU to 28 members has favored growth in all countries with the sole exception of Italy (for internal reasons). With an additional federal-type budget, equal to 1% of European GDP, 120 billion would be set in motion…
The dream of minibots and the unsustainable seduction of Japanese debt (not comparable to ours) suggest that the sovereigns have an economic policy strategy that risks taking Italy out of the euro
The possible opening of the infringement procedure against Italy could have very serious repercussions on our country: from the increase in taxes to that of interest expenditure, passing through the corrective maneuver, here's what could happen
The second half of the game with Europe on public finances opens for the government. The next maneuver could cost 40-50 billion: if the deficit soars above 3%, the risk of derailing the entire Italian economy would be very high
In the latest monthly bulletin, the Eurotower notes that the differential between the average interest rate paid on debt and the growth rate is negative in all countries that adopt the euro, with the exception of ours - "It is necessary to continue rebuilding margins Of…
Here is what the leader of the League should write to Draghi - according to a well-known economist who delivered the text to FIRSTonline - if, in view of a possible victory in the next elections, he finally begins to settle the accounts…
The introduction of the basic income is a leap in the dark for public finance balances: a new item of expenditure of a permanent nature enters the state budget, with costs that are difficult to predict but have a sure effect on the debt
INTERVIEW WITH STEFANO MICOSSI, economist and General Manager of Assonime - "The large European market and the euro are two fundamental achievements but Italy must regain credibility and reduce the debt and the spread to participate in the relaunch of Europe and put…
In 2018, the Italian economy grew by 0,9%, 0,1% less than previous estimates and a marked slowdown compared to 2017- Public debt rises to 132,1% of GDP, deficit down to 2,1. XNUMX% - The tax burden is stable
The United States, China, the Eurozone and Japan hold the highest levels of debt worldwide and alone cover about 80% of the world's public debt, which has grown 3 times compared to twenty years ago.…
The vagueness of the Government's maneuver has made the public budget increasingly a Sphinx indifferent to the spread and the public debt: thus there is the risk of reaching a situation of no return in which the banks, in the event of a crisis…
While discussions on the Italian maneuver with Brussels continue, last December XNUMXth the Eurogroup moved towards the reform of the European Stability Mechanism. An IAI conference on the sovereign debt crisis has proposed new analyzes and case studies. AND…
In the management of public debt, the most important condition is investor confidence in the state's ability to repay bonds on maturity, which has never been lacking, but which today exaggerated sovereignty has put into crisis by pushing…
INTERVIEW with MARIO NOERA, professor of Finance and Intermediary Economics at Bocconi - "A new pact of trust between Italy and Europe would be needed, but for the moment it is important to avoid hitting the wall" - "The...
Lega and Cinque Stelle do not give up and in the letter sent to Brussels they confirm the budget balances, except for settling the debt with a project to sell properties for 1,8 billion euros - Rebuke of Merkel, Holland and Austria…
INTERVIEW with ALBERTO VACCHI, president and CEO of Ima, the jewel of the Bologna packaging valley - "We need a company that perceives the centrality of the company - The Government will be judged on the results without discounts but in the relationship with Europe…
One of the Bundesbank's most prominent economists has presented a plan to halve the Italian public debt through a very high balance sheet - This is a provocation which, however, perfectly conveys the idea of the current situation and the risk that…
The American agency S&P, unlike Moody'sm, confirms Italy's BBB rating but cuts its outling, which becomes negative and which could herald a subsequent downgrade that would have very serious effects on the markets - How the attack risks having it without precedent…
Despite the profanity of government economists who try to credit the budget maneuver with a completely unfounded Keynesian imprint, three dangers can be glimpsed at the end of the tunnel for Italy, one greater than the other: here are the ones
The Fund worsens its forecasts on the trend of the Italian debt-GDP ratio and warns: "We need credible and substantial consolidation in the medium term" - The global economic expansion "won't last" and the next crisis could be triggered by US inflation or from a Hard…
The minister in the hearing on the Def in the Chamber defends the government's economic strategy: "We aim for a significant reduction in debt. Prudential growth forecasts: they can be exceeded" - "Citizenship income necessary to avoid anti-EU sentiments" -…
