It is useless to propagate reforms if the implementing decrees are forgotten, but on this terrain the delays of the Conte bis government are serious - Il Sole 24 Ore census
The prospects for a strengthening of the fundamentals in a long-term perspective remain positive, while the position of the infrastructures and in the judicial system still appears weak. Inflation remains at low average levels (1,5%).
The recovery, albeit fluctuating, in the price of oil and the stabilization of the financial framework made it possible to contain the contraction in economic activity, but the recovery removes the incentive for diversification and reforms of the internal market.
Instability in terms of security and widespread corruption continue to have a negative impact on the confidence of businesses and consumers, in a market where in 2015 exports to the USA accounted for over 80% of the total and 26% of…
A report by Intesa Sanpaolo forecasts GDP growth of +2,9% for Argentina this year and +3,3% in 2018, while the slowdown in industrial production continues in Brazil (-6,8%). Hope comes from the Special Zones for industry and exports.
In the UAE, Oman and Qatar, non-hydrocarbon economic growth is supported by sovereign wealth funds and reforms particularly favorable to FDI such as the creation of special economic zones, tax breaks and concessions, as well as the protection of investors of…
In the region, demand is supported by consumption and investment, especially in infrastructure, health and education, with the support of an expansionary fiscal policy. Exposure to external shocks persists for Vietnam, Malaysia and Indonesia.
The country has a history of political-institutional stability capable of supporting sustained GDP growth (+6,8% on average in 2016-2020) and relaunching development thanks to a $1,6 billion structural reform plan .
A report by Intesa Sanpaolo believes that the growth rate will be substantially maintained also in 2017 (+2,1%), while the good results in the fight against the deficit (expected below the 2% threshold) and public debt ( valued…
Despite attempts at diversification, the growth of the hydrocarbon part (+4%) in 2015 was not met with an adequate response from the rest of the economy (+3,1%): the 2030 Vision Plan is not yet enough to relaunch demand and credit to the private sector.
FROM THE "RED AND BLACK" BLOG BY ALESSANDRO FUGNOLI, Kairos strategist - China is making a major transformation towards a more sustainable development model - The new leadership has defused the real estate mine and that of…
INTERVIEW WITH LINDA LANZILLOTTA, Pd vice president of the Senate - "The letter-appeal we sent to Renzi on the 5 priorities of the reform agenda aims to strengthen the driving force of the Government" - Reforms can "get Italy running again" Not…
Letter-appeal to the premier of a group of Pd parliamentarians, anticipated by "Il Foglio", for a new turning point in Italy based on 5 priority reforms: revolutionizing public spending, linking wages to company productivity, civil and criminal justice, more competition, reward…
The banks, the battle in Europe, the government reshuffle and the reforms and the next administrative elections will be at the center of the traditional end-of-year press conference that Prime Minister Matteo Renzi will hold in the late morning of today.
The Minister of the Treasury assures: "The Government intends to go ahead with the structural reforms in the medium term, launching a new round of actions for growth".
On the occasion of the 10th anniversary of his death, a conference is held today at the "La Sapienza" University of Rome (Department of Statistical Sciences, 18am-XNUMXpm) to remember the great economist Paolo Sylos Labini on the theme "Market and competition" which from his audition…
INTERVIEW WITH IVAN LO BELLO, president of Unioncamere - "The recovery is here: we are only reaping the first fruits but for Italy the dividend of the reforms will be increasingly important" - The great merits of Draghi and Renzi - "Unioncamere…
FROM A REPORT BY GIULIANO CAZZOLA BASED ON MEF DATA - The pension reforms from 2004 to today have produced a reduction in the incidence of pension expenditure on GDP equal to 60 percentage points of GDP cumulative at…
Via Nazionale has published the Economic Bulletin, which promotes government reforms on employment and tax relief for businesses - Skepticism for the abolition of the tax on first homes - The possible effects of the Volkswagen scandal…
INTERVIEW WITH LORENZO BINI SMAGHI, former member of the board of the ECB - More than tax cuts, it is reforms that relaunch the economy - To stimulate growth and job creation, the priority of fiscal policy…
As reported by Atradius, in 2015 GDP should grow by 0,9%, followed by +1,4% next year thanks to the dynamics of exports and consumption. But the transition to a more flexible labor market is essential.
In the next few hours Tsipras will resign and between September and October the Greeks will return to the polls: this is the timing of the early political elections that Prime Minister Tsipras will propose after losing the parliamentary majority due to the split of his…
The southern question is not a local question but a major national question to be addressed with reforms but also with the reawakening of civil society - La Casmez and the State Participations are not reproducible but a great…
The Athens Parliament also approved the second package of reforms agreed with Europe to start negotiations for new financial aid - Surprisingly, former Finance Minister Varoufakis also voted for it - The package contains…
If Brazil's economy is feeling the effects of restrictive policies with GDP down by 1,2%, in Peru the solid external and fiscal position supports the country's credibility despite the negative economic trend in raw materials.
The recession is over but to consolidate the recovery it is essential to go ahead with the reforms, especially with that of the Public Administration, which, however, is proceeding slowly and which, instead, is also essential for the take-off of the Jobs Act -…
The president of Assonime, Maurizio Sella, in a report to the assembly full of technical ideas of great interest that politicians would do well to keep in mind, broke a spear against political instability, considered as a danger for the recovery of the economy -…
ASSONIME ASSEMBLY - President Maurizio Sella acknowledges the improvements in the Italian economy and appreciates Renzi's reforms, especially the Jobs Act, but urges the Government not to stop and calls for changes to the class action, the reduction from 8 thousand…
As reported by Intesa Sanpaolo, in order to finance itself, the country must rely on remittances and loans from international partners and organizations, while the vulnerability of the local currency to regional dynamics is worsening.
The precariousness of the political and infrastructural framework and the deep regional divisions to which economic and confessional factors contribute make it very difficult to transform a system that is still too little diversified.
According to the President of the ECB, "the cyclical recovery alone is not enough, but it gives us the best conditions to increase our commitment to reforms" - "States hand over the governance of structural reforms to Europe" - "Steps forward by Italy and Spain…
The French Economy Minister, Macron, speaks: "Renzi's Jobs Act is a good reform but the reforms of individual countries are not enough: Europe must make more investments and faster. The Juncker plan is not enough: it's up to countries …
Despite the positive notes, many elements of weakness persist in the North African country, such as the reduced diversification of the economy and dependence on hydrocarbons, climatic conditions and political tensions in the region - In 2014 the growth of Morocco's GDP…
The slow process of reform and opening up of the economy continues. However, as reported by SACE, the base is still not very diversified with high default risks and currency availability, but with some opportunities ahead.
According to Intesa Sanpaolo, in the country that imports almost all of its energy needs, the limited sophistication in production and the low rate of savings have favored large deficits and still high inflation.
In its latest economic bulletin, the Central Bank speaks of "interventions" on "labor and product markets" that could make Italy fly in the long term - However, the Eurotower also comes a new blow to our country for the level of…
The new MAE mission intends to favor the strengthening of investment flows in one of the most promising markets for Made in Italy, especially construction and instrumental mechanics.
From the ECFIN analysis, these companies dominate particularly in the energy and transport sectors, despite being characterized by high debt and insolvency rates. The watchwords are then restructuring and privatisation.
Assopopolari calls for dialogue but does not give up on opposing the reform of cooperative banks proposed by the Renzi government - First of all, the association raises doubts about the constitutionality of the decree and proposes to transform the provision into a bill by extending the time…
After the election to the Quirinale of an "honest and rigorous" person like Mattarella and after the success of Renzi, Italy has a unique opportunity to seize the economic recovery driven by the collapse of oil, the weakness of the euro and the monetary but…
The Minister of the Treasury after the Ecofin: "We will plead the exceptional circumstances with the Commission" - "That the Italian debt is sustainable is an incontrovertible thesis" - "Slowing down reforms after Qe? No, let's speed up" - "The sustainability of the debt Greek is…
If successful, the abolition of per capita voting in cooperative banks will be remembered as one of the most courageous acts of the Renzi Government: in twenty years no one has managed to undermine it, because powerful trade union lobbies are hidden behind the current armor of the Popolari...
Low levels of infrastructure and training, cumbersome bureaucracy and an ineffective judicial system weigh on the country's growth. However, according to Atradius, the local middle class has undoubted opportunities for FDI.
The new EU guidelines on the flexibility clauses of the Stability Pact make it possible to temporarily deviate from the objective of a balanced budget in the verified case of structural reforms, investments for European projects and a negative economic cycle, but…
The Council of Ministers has approved the decree that revolutionizes the popular banks: it affects only the 10 largest, i.e. those with assets exceeding 8 billion - Within 18 months they will have to abolish the per capita vote and transform…
As indicated by SACE, the country urgently needs a change of strategy and a reform plan to regain credibility on international markets. Italian exports down trend by 4,2% in the first 9 months of 2014 but for…
Why should Europe make new discounts to Greece which has a more sustainable and cheaper public debt than Italy? If the Greek debt were further restructured, how many other European countries - starting with Italy - could come forward to ask…
The country recently adopted a major package of structural reforms crucial to reap the benefits of a strong and sustainable recovery. The OECD indicates the further measures to be pursued.
Apart from the ideological fever that thwarted its debut, the new employment contract with increasing protections surpasses article 18 and introduces more flexibility into the labor market by breaking the taboo of reintegration, which will only apply in…
According to the ECB president, "until now the implementation of structural reforms has been largely a national prerogative, but in a Union like ours it is clearly a matter of common interest".
According to Atradius, a slowing growth scenario requires the rebalancing of a system based on exports and investments towards a new strategy based on services and consumption. Shadows on the weak and vulnerable domestic banking sector.
The collapse in the price of oil and the devaluation of the euro can finally give us the end of the recession and the start of growth, but the uncertainty of the Quirinale dominates the beginning of 2015 - After the excellent presidency of Napolitano, the hope is that the …
Price adjustment costs following euro adoption have been small, while increased competition and low interest rates are bringing immediate and long-term benefits. But now on with the reforms.
INTERVIEW WITH GIAMPAOLO GALLI, deputy of the Democratic Party - "The paradox of those who strike against the stability law and the Jobs Act, and ultimately against the reforms of the Renzi government, is that of provoking a more ferocious austerity than the current one by invoking…
FROM THE FORMICHE.NET BLOG - The latest Censis Report reveals that there are almost 2,7 million people aged 65 and over who carry out regular or undeclared work, of which just under a million continuously - But if…
The landing of Sorgente RES on the Stock Exchange thanks to the Sblocca-Italia and the timid signs of recovery. But there is still a lot to do, says the CEO of Sorgente Mainetti.
On the occasion of the conference on the centenary of the birth of Federico Caffè in Roma Tre, the president of the ECB, Mario Draghi, who was his favorite pupil, gave a very interesting report on monetary policy but one question remains open: the…
GOVERNOR VISCO'S READING OF THE MILL - "Much could be gained from the pooling by the Member States of the European Union of large sections of our public budgets, from infrastructure investments to research and defence" in order to strive towards the Union…
Article 18 has become the emblem of a social and economic system surpassed by history and by the balance of power resulting from globalisation: the defense made by the rearguards of the Democratic Party and the trade unions is only the desperate attempt to…
The performance of the Polish economy has been dragged down by an increase in low- to medium-tech sectors, but now the weaknesses are mainly observed in the decline in the level of innovation activity of enterprises.
Openness to international trade plays an essential role in creating jobs, but on condition that structural reforms are pursued in a context of macroeconomic stability and transitions from one occupation to another are facilitated.
SPEAKS NICOLA ROSSI, economist and former senator of the Democratic Party - "It is not by increasing public spending that Italy can relaunch internal demand and growth: if we did so, the markets would not follow us - More flexibility if we give in…
Prime Minister Matteo Renzi illustrated his reform plan to the City yesterday - He guaranteed that the Jobs Act will be law within a month and strongly insisted on the Government's determination to make reforms, hoping that…
Although the country is almost entirely self-sufficient in oil production and remains a major energy exporter, widespread corruption, a poor legal system, an inflexible labor market and a lack of infrastructure weigh heavily.
Matteo Renzi, on a visit to Chrysler in Auburn Hills in the USA, told Marchionne: "Italy must do it as the 15 employees of this factory did it" - And again: "If reinstatement is a constitutional obligation because the…
From Vilnius Draghi welcomes Lithuania to the euro - "Lithuania demonstrates that the adjustment is politically feasible, but we need to act courageously and quickly" - For the Eurozone, risks from geopolitics and government slowness on reforms - ECB…
Illustrating the Thousand Days, the Premier was very clear in Parliament, warning that either reforms are made or the only solution remains recourse to early elections, naturally after the approval of the new electoral law, Napolitano permitting - Not for…
Strong appeal by the president of the ECB, Mario Draghi, in Milan to the governments of the Eurozone on investments and reforms - "There will be no sustainable recovery in the absence of investments" that governments can favor with reforms and appropriate fiscal policies…
The German finance minister, Wolfgang Schaeuble, considered one of the fiercest hawks of rigor and in the past never too tender with the Italian government, underlined his hope that "Renzi will be successful with structural reforms".
Marchionne was the star of the Ambrosetti workshop in Cernobbio - On a political level, he asked Renzi to focus on the three priority reforms - On a business level, to those who asked him if Fiat will make a capital increase…
It is by no means certain that making the reforms will lead to the loss of electoral support - A recent study and the German case itself prove it: Chancellor Schroeder lost the 2005 elections by a hair's breadth but not because he made the reforms...
The European Central Bank, in addition to cutting rates, has also given the green light to a program of purchases of securities securitized by bank loans - But Draghi warns: "There is no monetary or fiscal stimulus that can give…
According to the president of the Eurogroup, guaranteeing more flexibility to a country means first of all giving it more time to bring the deficit-GDP ratio back within the limits of 3%, but only in exchange for the structural reforms necessary to improve competitiveness.
Italy is confirmed in 49th place in the 2014 ranking of the competitiveness of countries around the world. The World Economic Forum in Davos organized by Switzerland, penalizes the boot for the usual voices: inefficiency of taxes, bureaucracy, justice,…
May 2017 is the milestone for Renzi's reforms, but he has much less than 1000 days to get 17 reforms approved which will have to be discussed in the Chambers within 4 months. From the 2015 stability law, to…
After the success in Europe with the appointment of Mogherini and the new reforms, the real litmus test for the Renzi government has two names: spending review and labor market reform - Draghi also said it...
RENZI AGENDA - The unblocking of public works, the reorganization of schools and the reform of justice starting from the civil one are the three measures on which the Government is returning to work today in view of the Council of…
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…
If the internet will enable global growth based on productivity, innovation and consumption, Chinese government and institutions will have to face the challenges posed by the web - According to McKinsey & Company, new internet applications could account for up to 22%…
At the moment there seem to be at least three hypotheses on the table: solidarity contribution on checks over a certain threshold; recalculation with full contribution of the mixed treatments already paid; pension loan along the lines of the "Giovannini proposal" - And one o'clock not for…
The crucial problem facing the social security system is its sustainability but also the importance of guaranteeing a pension to the new generations who live on precarious or occasional work without breaking the public accounts: it is not an easy task but…
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 existence of the Euro is no longer in question, but the fundamental reasons behind the Crisis have not been addressed: the institutional framework remains insufficient and reforms are hampered by the complacency of national interest groups.
The Prime Minister replies to the proposal of the head of the ECB, who had asked the Eurozone countries to cede sovereignty in terms of structural reforms: "Italy needs reforms - says Renzi in an interview with the Financial Times -…
Only the incurable Italian benaltrism can imagine that institutional reforms and economic reforms are alternatives to each other - In reality, as Michele Salvati lucidly explains in the Corriere, they are only two parallel paths which, albeit at different times, must aim for the only goal...
According to the number one of the ECB, the drop in Italian GDP reflects "the uncertainty surrounding economic reforms" - "The time has come for the countries of the Eurozone to cede sovereignty to Europe with regard to structural reforms" - " Willing to new…
By way of derogation, Parliament - headed by the Labor Commission of the Chamber - is dismantling the Monti-Fornero reform - Between real exodus and new exodus candidates there are now 170 workers protected at Pantalone's expense -…
The Baltic Republic has embarked on a bold digital revolution thus bridging the infrastructure gap – a lesson in terms of mindset change, renewal and self-transformation.
The architecture of the economic and institutional system has various weaknesses: external debt, public debt and a significant financial requirement are the main factors which still penalize the country's competitiveness.
This was noted by Corriere della Sera, according to which as of 18 June, putting together the regulatory construction sites of the last three governments since November 2011 (therefore Monti, Letta and Renzi) the Office for the government program lacked the beauty of 812…
The possible easing of regional tensions would re-evaluate the role of regional financial hub held by the country in the past, favoring the recovery of tourist flows and FDI, but decisive internal reforms are needed from a structural perspective.
Jean Claude Juncker appointed to lead the Commission - The Italian premier: "I voted for him only because we obtained a political agreement" - "Never mentioned Enrico Letta's name for the presidency of the European Council" - Renzi not…
The Prime Minister deems it "important that the most representative political forces in the country try to write the rules of the game together", therefore he welcomes the openness to dialogue on the reforms coming from the 5 Star Movement and proposes a meeting for Wednesday…
The Council of Ministers has approved with decrees with immediate effect the new anti-corruption measures with greater powers for the Canton commissioner, the reform of the Public Administration (more mobility and part-time and generational turnover) and interventions to support the competitiveness of…
Prime Minister Matteo Renzi charging at his return from Asia - In fact, there are three important reforms scheduled for today's Council of Ministers: anti-corruption, competitiveness and public administration - But the Prime Minister does not lose sight of the reforms…
The number one of the Economy informed investors on the government's programs for growth and underlined the importance of the reforms launched and those to come - Among the measures discussed, the taxman through the enabling law, the public…
There is something new in the world of work: the Elis project, a consortium for higher professional training, is about to start, which promises to bring together young graduates and companies by reconciling flexibility with security and training - After two years…
The many small IRIs that operate at a local level are opposing their privatization with the same resistance as the old state-owned companies: it is useless to think of incentives to move them, instead a radical intervention by decree is needed that transforms them into joint-stock companies…
The economic and financial document launched in mid-April indicates that the measures in the pipeline should accelerate the growth rate by 0,3 points in 2014, 0,6 points in 2015 and by over 2 points in 2018.
INTERVIEW WITH ELISABETTA GUALMINI, president of the Cattaneo Institute: in the European elections "the prime minister has overcome all problems of legitimacy and must now act" by implementing reforms immediately, "if he wants to capitalize on the wealth of votes received" - "The legislature will be more stable …
