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Government, Paolo Savona: slowly from 50 billions to restart the country

“Complex policies are needed to emerge from the crisis, which affect the behavior of all citizens. Unfortunately, there is a lack of serious debate on the topic. For now I will limit myself to talking about encouraging a recovery for the second half of the year 2018 and the whole 2019, to reverse the ongoing recessionary trend of the Italian economy. The idea is’ to initiate private and public investments for 50 billion”. Cosi’ the Minister of European Affairs, Paolo Savona, in an interview given to the newspaper L'Unione Sarda. “Based on exact knowledge of this expense – explains Savona – official centers such as Istat, Bank of Italy, Ministry of Economy must calculate the multiplicative effect on GDP. In this case the GDP growth would be in the order of 75/100 billions of euros, with a tax revenue of 37/50 additional billions, which could finance a satisfactory start of the measures envisaged by the Government Contract, respecting European constraints and those deriving from elementary economic logic. I am against a passive attitude towards the crisis”. On the controversy over the positions of the Cagliari economist, 81 years – which will be tomorrow evening’ to Porto Cervo, in Costa Smeralda, to present his book 'Like a nightmare and like a dream', with Bruno Vespa – erupted during the formation of the government, he points out: “I have been and am being condemned, I say it in quotes, not for the ideas I bring but for the ideas I am supposed to bring. It would already be’ it would have been serious if I had been serious about my ideas, e’ shameful that this’ it happened because of the ideas that others have freely attributed to me”. So a complaint: “You are’ an attempt by the dominant groups defeated in the elections of 4 March – Savona declares to L'Unione Sarda – to cause a crisis of our public debt, to make the Government's experiment in progress fail. They deployed all the means and opinion leaders at their service to propitiate the event, without indicating alternatives similar to those I have indicated”.
Source: http://www.affaritaliani.it/politica/palazzo-potere/governo-paolo-savona-piano-da-50-miliardi-per-far-ripartire-il-paese-556511.html Read More