Originally Posted by
gıulıoımpa
What people must understand is that Italy is the only country that has been worst off by joining the euro...
We are not doing a budget increase through deficit because we don't give a fuck about being in debt, but because through the so called "austerity" things have being going worse and worse...
We tried cutting spending, we cut and we cut meanwhile italian enterpreneurs where commiting suicide because of the crisis and still things were not going well. The reasonable thing is to change approach.
Changing the debt to Pil ratio is possible by changing either the nominator or the denominator.
The numerator tactic has been disastrous what should we do? We have no option.
since italians are not spenders but savers eventual more austerity is going to be the final blow for italians.
A proof of our economic mentality can be seen with the shameful policy of the "80" euros made by last premier Matteo Renzi. (To gain popularity) he implemented a monetary bonus of monthly 80 euros to families hoping it would boost the economy ...guess what: those 80 euros never saw any shop and were basically "wasted" money because they were majoritarily used to pay household bills indicating that many italian families are struggling.
The measure of course did not take in consideration the hostility of the banking world, and the impact rating agencies can have on the growth. Also the sanctions were taken "softly" into consideration.
Add all of this absolutely not well timed spending plans, with the reduction of pensionable age for certain workers , a promise of the lega which is right imo, but definitively not ideal in a time like this (would have been better to wait for growth and then implement it), and the income for job seeking people promised by the five star...is Also true that waiting for growth is what depressed out economy....
We must succed or we are busted.
"O la vittoria o tutti accoppati"
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