Page 1

Attualità e  leggende     Parte  II  


I Paesi  “virtuosi”   Il  principio  secondo  cui  uno  Stato  deve  risparmiare  per  poter   spendere  in  futuro,  principio  divenuto  legge  con  i  tra9a:  s:pula:,   inizia  a  scricchiolare.     A  (parziale)  smen:ta  di  questa  famiglia  di  principi  di  “salute  della   finanza  pubblica”  universalmente  riconosciu:,  passiamo  in  rassegna  i   rappor%  deficit/PIL  dei  principali  paesi  europei.  


I “PAESI  VIRTUOSI”  IN  RELAZIONE   ALL'ENTRATA  NELL'EURO.  


Cur r e nt Ac c o unt 1 9 9 6 4.0%

3.0%

2.0%

P e rc e nt o f GDP

1.0%

0.0% Portugal

-1.0%

-2.0%

-3.0%

-4.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 1 9 9 7 4.0%

2.0%

0.0%

P e rc e nt o f GDP

Portugal

-2.0%

-4.0%

-6.0%

-8.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 1 9 9 8 4.0%

2.0%

0.0%

P e rc e nt o f GDP

Portugal

-2.0%

-4.0%

-6.0%

-8.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 1 9 9 9 4.0%

2.0%

0.0%

P e rc e nt o f GDP

Portugal

-2.0%

-4.0%

-6.0%

-8.0%

-10.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 0 4.0%

2.0%

0.0% Portugal

P e rc e nt o f GDP

-2.0%

-4.0%

-6.0%

-8.0%

-10.0%

-12.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 1 4.0%

2.0%

0.0% Portugal

P e rc e nt o f GDP

-2.0%

-4.0%

-6.0%

-8.0%

-10.0%

-12.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 2 4.0%

2.0%

0.0%

P e rc e nt o f GDP

Portugal

-2.0%

-4.0%

-6.0%

-8.0%

-10.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 3 3.0%

2.0%

1.0%

0.0% Portugal

P e rc e nt o f GDP

-1.0%

-2.0%

-3.0%

-4.0%

-5.0%

-6.0%

-7.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 4 6.0%

4.0%

2.0%

P e rc e nt o f GDP

0.0% Portugal

-2.0%

-4.0%

-6.0%

-8.0%

-10.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 5 6.0%

4.0%

2.0%

0.0%

P e rc e nt o f GDP

Portugal

-2.0%

-4.0%

-6.0%

-8.0%

-10.0%

-12.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 6 10.0%

5.0%

P e rc e nt o f GDP

0.0% Portugal

-5.0%

-10.0%

-15.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 7 10.0%

5.0%

0.0%

P e rc e nt o f GDP

Portugal

-5.0%

-10.0%

-15.0%

-20.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 8 10.0%

5.0%

0.0%

P e rc e nt o f GDP

Portugal

-5.0%

-10.0%

-15.0%

-20.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 0 9 6.0%

4.0%

2.0%

0.0% Portugal

P e rc e nt o f GDP

-2.0%

-4.0%

-6.0%

-8.0%

-10.0%

-12.0%

-14.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 1 0 8.0%

6.0%

4.0%

2.0%

P e rc e nt o f GDP

0.0% Portugal -2.0%

-4.0%

-6.0%

-8.0%

-10.0%

-12.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Cur r e nt Ac c o unt 2 0 1 1 8.0%

6.0%

4.0%

2.0%

P e rc e nt o f GDP

0.0% Portugal -2.0%

-4.0%

-6.0%

-8.0%

-10.0%

-12.0%

Italy

Ire land

Gre e ce

Spain

Ge rmany

France


Il debito  pubblico  italiano  

Sfa:amo qualche  mito  circa  il  debito  pubblico  italiano,  di  cui   sen:amo  parlare  ogni  giorno.  


Il debito  pubblico  italiano   Nel  periodo  della  “spesa  allegra”,  come  viene  chiamata  oggi,  lo  Stato   creava  ricchezza  al  ne9o  per  i  ci9adini,  creando  dire2amente  ed   indire2amente  lavoro.   Questo  circolo  virtuoso  aveva  molte  conseguenze  nell'economia   italiana:     l   negli  anni  '80  la  Sip  era  la  prima  società  di  telecomunicazioni  al   mondo.  Primato  nell'innovazione  tecnologica  e  nella  copertura   capillare  del  territorio;     l   l'accesso  al  credito  per  le  aziende  ed  i  priva:  era  abbastanza   semplice  e,  di  fa9o,  garan%to  per  legge;     l   i  treni  arrivavano  sempre  in  orario  e  le  strade  di  sera  erano  sicure.  


Le “confessioni”  di  Greenspan     -­‐  Are  US  treasury  bonds  s:ll  safe  to  invest  in?     -­‐  Very  much  so.  I  think  this  is  not  an  issue  of  credit  ra:ng.  The  United   States  can  pay  any  debt  it  has  because  we  can  always  print  money  to   do  that,  so  there's  a  zero  probability  to  default.  


MMT - Falsi miti - parte I  

I movimenti debitori

Read more
Read more
Similar to
Popular now
Just for you