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…