Mese: agosto 2015

Hello to all,

http://www.opinioneeconomia.com is my blog that the economy is at 360 degrees .

Here everyone can publish their opinions on economic issues .

Thank you all!!!

ALESSANDRO PIGNATELLI

Since May 1, 2015 began the adventure of a long wait of Expo 2015 international exhibition.

For several years it is discussed about the possibilities and expectations that would constitute such an event.

This initiative could be a chance for our country to take advantage out of the crisis, because, thanks to the continuous flow that every day you are recording with respect to entrepreneurs and ordinary people from every part of the world is heading towards this great Event show in Milan, is putting into motion an economy with positive effects also on the country’s system.

The opportunity lies in the fact that Milan at this time has become “the center of the world” having all the spotlight on Expo.

Just think already in the preparatory phase of the Expo, which saw mobilize many Italian and foreign also, right now creating a flow of investment towards Milan and creating new jobs.

This event, which ends on October 31 this year will enable various countries of the world to discuss issues concerning food and its environmental sustainability.

Of these issues they are talking more and more, because our planet’s resources are finite, we must find new solutions on how to produce respecting the environment.

Surely, at the end of this adventure you will see the results and will be very positive, both in terms of new opportunities for sustainable food production and is “awakening” of the “sleepy” economy of our country.

ALESSANDRO PIGNATELLI

In recent years, Greece is in the spotlight by the European Union in terms of their economic policy.

The fact is that Greece has an economy firmly grounded on high public spending, which has produced over the years an inevitable increase in public debt.

Currently, as the European economic system provides for the adoption by member countries of economic policies based on a drastic reduction of the deficit-GDP ratio, which has put serious difficulties in the already fragile economy of Greece.

Greece, for its part, recently, under pressure from the European Union, has seen a remodeling of its public spending, making drastic cuts to pensions is that the public salaries, as well as increasing the tax burden.

All this, however, has been reflected in a drastic reduction in public spending on the one hand and the impoverishment of its population on the other.

To solve this difficult situation that has arisen within the economy greek, should revise and restructure the repayment of public debt, by extension of the same for a few decades and by converting part of the debt in irredeemable.

It should, on the other hand, that the European Union destinies more resources to Greece to allow her to get out of this impasse that has arisen, giving a boost to the entire Greek economy.

Of course this solution is not easy to take, but forcing Greece to comply with the policy of austerity imposed by the European Union, you will only continue to starve the already suffering people of Greece.

We hope that as soon as Greece can return to being a “great country” as history teaches us.

ALESSANDRO PIGNATELLI

In these years we are experiencing a profound crisis that is upsetting the entire system of the country.
Every day we hear news about the closure of companies with negative effects on the entire economic system of our country.
Until now, the governments that have followed have not done much to try to stem the dramatic economic situation.
Nobody holds the so-called “magic bullet” that will allow us to pick ourselves up, but much more could and should be done.
In the first instance, it should renegotiate the famous pact of stability and growth, so to speak, holding back the economy of Italy and all European countries, requiring a government deficit not exceeding 3% of GDP (deficit / GDP < 3%) and a public debt below 60% of GDP (or at least a public debt tends to return) (debt / GDP <60%).
This pact, in crisis situations like the one we are experiencing does not allow all countries of the euro and, therefore, also to Italy to spend more to support its economy.
So, by suspending the application of that pact would increase public spending by allowing to drain economic resources within the economy Italian.
However, one would think that Italy, having a public debt already very high as it would increase it further?
Unfortunately, in situations of economic recession, one of the levers to be used to fill the deficiencies that are to manifest within the economic system is precisely the policy of public expenditure, since, in the face of an increase in the short period of the amount of public debt, in turn, through the intelligent use of these resources in the medium to long term, there would be an economic growth that would reduce this debt.
Use intelligently public spending means direct it to households and companies through policies of income support and work (eg. Increased allowances for family responsibilities, bonuses for young couples and the elderly and families in the range of poverty , citizen’s income for the unemployed, modernization of infrastructure).
Another lever that should be used to overcome the crisis is to tax, through strong tax relief to businesses that hire workers and invest in Italy, lowering taxes on businesses and families by applying a rate which is around 20%, the rescheduling property tax; should be matched by an increase in tax rates to at least 50% on financial income and capital and a significant increase in taxes on tobacco, games and competitions.
The third and final lever is represented by the liquid understood as the money supply in the system economical.
Through the injection of substantial amounts of liquidity by the European Central Bank to drain considerable financial resources within the economy, coming to create a real driving force for the Italian economy.
With the action of the three levers described above, increase household consumption, firms would increase significantly the production, unemployment would decline, public debt would be reduced.
Ultimately, we would create the conditions for a new era of growth and prosperity.
Let us hope that this will happen as soon as possible and not remain just a dream.

ALESSANDRO PIGNATELLI