Do we want free movement of capital in Europe? | 64 comments (64 topical, editorial, 0 hidden)

Re: Do we want free movement of capital in Europe? (4.00 / 2)

I was wondering about the Situation in Italy. Since austerity has failed and the Italian debt-load is rising instead of falling, Hans-Werner Sinn has been making the talk show tour, explaining to everybody that the problem is that Italy (and others) aren't actually really cutting spending.

I looked at the numbers of the Italian budget. I fund that it got roughly cut from 76 Billon Euro to 72 Billion Euro. But I suspect the increased amount of debt service masks the actual cut in public spending.

do you have some number of that?

by rz on Sun Jul 20th, 2014 at 04:46:07 AM EST
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Re: Do we want free movement of capital in Europe? (none / 0)

Renzi is applying Troika austerity with a vengeance, new taxes a-gogo from Padoan. All Mv5 initiatives for wealth distribution rebuffed. (Renzi's big idea was a risible E80 a month 'gift' to middle sector workers).

The 'Caste' is still going strong with 90% of its bloated privilege intact.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sun Jul 20th, 2014 at 08:30:36 AM EST
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Re: Do we want free movement of capital in Europe? (none / 0)

The 'Caste'

Where did that come from? Podemos uses the term in Spain.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Sun Jul 20th, 2014 at 01:39:28 PM EST
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Re: Do we want free movement of capital in Europe? (none / 0)

La Casta - Wikipedia, the free encyclopedia

La Casta From Wikipedia, the free encyclopedia Jump to: navigation, search
This article is an orphan, as no other articles link to it. Please introduce links to this page from related articles; try the Find links tool for suggestions. (February 2009)
La casta. Così i politici italiani sono diventati intoccabili (The Caste. How Italian politicians became untouchable) is an Italian book, written by Sergio Rizzo and Gian Antonio Stella, two journalists from the Italian national newspaper Corriere della Sera, detailing the amount of graft and corruption in italian politics. It was published in 2007, and became a bestseller.^[1]

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Mon Jul 21st, 2014 at 02:19:12 AM EST
[ Parent ]

Re: Do we want free movement of capital in Europe? (none / 1)

Maybe that's where Pablo Iglesias got the term. He studied in Italy.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Mon Jul 21st, 2014 at 04:18:15 AM EST
[ Parent ]

Re: Do we want free movement of capital in Europe? (none / 0)

I believe you that austerity is going strong.

But I need numbers. Does anybody now where I find numbers for the debt service of the crisis countries?

by rz on Sun Jul 20th, 2014 at 02:32:46 PM EST
[ Parent ]

Do we want free movement of capital in Europe? | 64 comments (64 topical, 0 editorial, 0 hidden)

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