April 6, 2019

Problems with Payment Terms, What Now?

    You do not usually take out a loan because you have so much money left at the end of the month. If that is the case, it is of course more sensible to first build up a buffer and to use your savings at the end of the ride for unexpected expenses. Even with a narrow purse, it is often possible to set aside some extra money; though you save only a few euros per month, as long as you stay away from your savings account, you still build up something. But what if you already have a loan and are in trouble with your payment terms? When…

April 3, 2019

The Three Recipes to Reduce the Debt {Public Debt

Public Debt: the biggest economic problem in Italy All the world’s economists over the past decade have identified, in the ‘debt overhang publi Co., the biggest economic problem of Italy. They all agree that if public debt continues to grow at this speed it will soon become unsustainable. In order to better understand the situation, we report some data describing the Italian public debt : 1.5% of real GDP growth – 0.8% increase in inflation = nominal growth of 2.3% interest paid to financial markets of over 3% of GDP. This simply means that Italy currently produces more public debt than income. As we know, every country from the economic…