Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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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