Tag: Crisis

Jul 20

Catastroika

Like in the disastrous sale of public goods in the former Soviet Union and DDR in the early nineties of XX Century, a limited company is in charge of privatise goods and services in Greece, water and energy included. The authors of Debtocracy, a documentary with two million views broadcasted from Japan to Latin America, …

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Jul 17

Lega Nord’s looking for visibility

The same old strategy for renewed attention: after scandals defeating Mr. Bossi and his ‘magic circle’, and the ruinous share of the party at last elections, Lega Nord resumes its war against South of Italy for renewed visibility and oblivion about its last disasters. An amendment proposed by Lega Nord to the rules of Fondo …

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Jul 17

Policy making or rigging up?

Another ingenious idea of the ‘professorial Government’ of Italy: people should work more to raise the GDP! An upcoming cut of bank holidays is said to be the next panacea for the plagues of economy. The debate is on, while public debt signs another unprecedented level (1.933,303 bilions euro), the spread between Bunds and BTPs …

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Jul 17

Decline of the car market

A fall of 1.8 percent year-on-year of cars sold in western Europe in June is expected, economic forecaster IHS Global Insight said on Monday (Reuters). While the market falls, FIAT shrinks. The Italian car-maker is expected to continue the downward trend (-18,1% forecast, 16,5% market loss in the first semester of 2012), while Russian light-vehicle …

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Jul 16

IMF contradicts Monti Government

After the declarations of Mr. grilli about the plan for large sales of public assets in Italy, it’s worth to remember what IMF stated just a few days before. IMF’s Debt Sustainability Analysis reports that Italian debt has 5% chances only to be reduced under 105% of GDP, as Grilli said yesterday, while the probabilities …

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Jul 16

Italy for sale

Vittorio Grilli, the freshly appointed Minister of Finance of Italian Government, has explained his plan to reduce Italy’s debt, now at 123% of GDP, “by 20% within five years”. This results will be obtained with an optimistic foresight of 1% yearly growth in GDP, although Mr. Grilli told Reuters that Italy’s government will revise down …

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