Is a return to sound public finances possible, and is it probable? This topic will be discussed in another interesting talk at the Anglo-American University in Prague. Jan Schnellenbach as…
public finances
The French Minister of Finance, François Baroin, concluded the G7 meeting in Marseille with a statement that an equilibrium had been found between the necessity for fiscal consolidation and the necessity to avoid a recession. What kind of equilibrium is he talking about and is this equilibrium stable?
The discussions in Marseille started on a fairly correct assessment of the situation: one needs to tackle the sovereign debts crisis and the global economy (and in particular western economies) is slowing down.
is the amount that a new austerity plan is supposed to save to Italian public finances. The plan aims to bring Italy’s public deficit down to 0.2% of GDP by…
Moody’s rating agency warned on Friday on Italy’s public debt and mentioned the reviewing of Italy’s credit rating for a possible downgrade. This change, if it happens, would increase the government’s borrowing costs and have a very negative impact on public finances.