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Italy's public debt rise each month

The first of June last year, took office, Italy's new and radically different government, dominated by the winner of the elections, the populist missnöjesparti

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Italy's public debt rise each month

The first of June last year, took office, Italy's new and radically different government, dominated by the winner of the elections, the populist missnöjespartiet Femstjärnorna and the right-wing party Lega, who was then much less.

The designated prime minister, Giuseppe Conte, who is a law professor, promised that he would immediately reduce the national debt. It was the exact opposite.

the Newspaper La Repubblica makes a worrying economic summary with a title on the first page is: ”A debt-ridden government”. From January 2018 to January 2019, the national debt 741 billion.

a staggering 2.358 billion. The government has passed two major reforms. The 'guaranteed income' and the new pension terms. In the day, the italians retire on the age and number of years you worked together will be 100. The have a yearly income of over 97.000 sek can apply for guaranteed income.

the Reform entered into force on 6 march. The interest has been very large, particularly in the South, but so far there are no complete data on how many applications have come in.

Veronica de Romani is a professor at Rome's LUISS university with the EU's economy as the area of specialization.

"more Favourable pensions and guaranteed income are two reforms which have a very modest effect on the growth of our economy," says Veronica Romani to DN.

during the two-year period 2019-2021 to cost a total of 448 billion. They will exclusively be financed by increased government debt. Raising vat, which is already at 22% appears to be than so long as an unrealistic option.

today, the national debt to the whole of 133 per cent of GDP. In a scary scenario, writes financial magazine Il Sole 24 Ore that ten years, the level will be the whole of 145 per cent.

Femstjärnornas Luigi di Maio is social - and the minister of labour. It is he who has been through the expensive social reforms. His motto has been ”we have defeated poverty”.

Veronica de Romani, do not share The Maios view that the guaranteed income will boost the Italian economy:

"Our country needs more people working, not more people who for various reasons are outside the labour market," she says.

A newborn - they are all the time becoming fewer and fewer in Italy! - receive as a welcome gift that the hen is obliged 396.000 crowns.

With rising interest rates, it becomes all the time more expensive to finance the Italian public debt. Interest rate spread in banking, the low last year at over 300 but are now down to 247.

as fast as a tsunami. Behind the corner, a governmental crisis to emerge. Femstjärnornas Luigi Di Maio and lega's Matteo Salvini is politically disagree on almost everything. Today, the roles are reversed in comparison with after the election. The Lega has become twice as large as Femstjärnorna.

the EU elections in may could be decisive. Di Maio has lost hundreds of thousands of votes in three regional elections, where Salvini won very large in two of the elections. Femstjärnorna would, therefore, after the EUROPEAN elections to be able to decide quickly to not only boycott the building of höghastighetsbanan Turin-Lyon, but also the step of regeringståget.

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