Tag Archives: Italy

The first battle in the war between Brussels and Rome has thus been won by Brussels: I have little doubt that Mattarella was lobbied very strongly by EU figures to block Savona, because he is capable of developing the real weapon that Five Star/Northern League could bring to bear against the euro – the “mini-BOT.” Named in reference to Italy’s “buoni ordinario del tesoro,” which are short-term government bonds, these would be government-issued notes valued at between €1 and €500, which...

In one graph. Source is this twitt from Gennaro Zezza. Real consumption per capita, not GDP (just making sure nobody gets confused). Note that while the crisis is considerably less profound (right axis for the current one), it is already going to be considerably more prolonged. Not sure what's worse really.

[unable to retrieve full-text content]Two European elections – in Germany on 24 September 2017 and Italy on 4 March 2018 – warn that the peoples of Europe are drifting apart. Much of the recent deepening of these divisions can be traced to Europe’s single currency, the euro. This column argues that the political divide in Europe may now be hard to roll back absent a shift in focus to national priorities that pay urgent attention to the needs of those being left behind. The...

The European Central Bank has dropped its long-standing pledge to boost stimulus if conditions deteriorate, signalling the triumph of German-led hawks and marking a major turning point in the eurozone’s monetary regime. The approaching end to the QE-era pulls away the protective shield for Italy and the high-debt Latin states, and for thousands of “zombie companies” kept afloat on monetary life-support. Italy is the lynchpin of the euro. If Italy fails, the EZ fails. Stay tuned.The...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. A quick housekeeping item, if you haven’t seen. Chris migrated his site to new servers so had some downtime this week, but all the content should be back up by now. They’re still getting SSL set up so your browser may warn you that you’re not reading in https yet (so don’t enter your credit card information into the comments till that’s squared away). Jobs: A really interesting feature story and blog posts from the New York...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. A quick housekeeping item, if you haven’t seen. Chris migrated his site to new servers so had some downtime this week, but all the content should be back up by now. They’re still getting SSL set up so your browser may warn you that you’re not reading in https yet (so don’t enter your credit card information into the comments till that’s squared away). Jobs: A really interesting feature story and blog posts from the New York...

By Marc Chandler (originally published at Marc to Market) Germany does not have a government, though the election was more than three months ago.  Spain, Portugal, and Ireland have minority government.  Austria is the first government since the financial crisis to include the populist right.  The EU is trying to press Visegrad group of central European countries to conform to the values of...

As I said, Italy, is now experimenting with paying for public services with tax credits. Presumably, this is happening because Italy doesn’t possess enough Euros to pay its citizens to provide all the goods and services needed to maintain and run the public sector of its social economy. And Italy can’t “create” the additional Euros it needs because that prerogative is the exclusive right of the EU Central Bank which Italy, even as a sovereign member of the EU, has no control over. But, as...

Italy is experimenting with giving tax-cuts to its citizens in exchange for public services―such as pulling weeds and cutting grass. Wow. What an amazing idea! The government issues a tax credit, and uses it to pay a citizen in exchange for the citizen’s services to the government. The government could even make this arrangement more formal by printing the tax credits on pieces of paper called “LIRIES” (or something like that) and paying for the weed-whacking services with this “cash.” That...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. An attempt to measure and rank the most effective ways to reduce CO2 in the atmosphere ranked educating girls and family planning (globally) above green energy. Fewer unplanned births means fewer carbon footprints. (h/t Osman Siddiqi) On Monday, President Trump expanded the “global gag rule” to mean no funding can go to any NGO that also discusses abortion with beneficiaries anywhere in their operations. This expansion grows its...