While Western diplomats on the storm raged, and Wikileaks crisis financial Ireland (and its banks) takes second place, came two important economic news affecting Italy (of course almost finished in third floor).
E 'increased the cost of the Italian public debt: the ten-year bond yield rose to 4.78% (increase necessary to enable it to "place"). The gap with the performance of public debt is 213 points, the highest since the euro was introduced (1). Only Spain, one of the famous PIGS, a gap has increased, so our premier consoles himself by saying that "Spain is worse off than us."
Even the spread of credit default swaps (basically the cost of "insurance" when concluding that investors enter into sovereign debt or bonds) on our btp has reached a new peak in recent days, after the summer. (2).
This means that the markets are looking with greater distrust of our government debt that will be very
probabile, in futuro, un ulteriore rialzo dei rendimenti e dello spread. Come già visto in Grecia, le due cose vanno di pari passo. Anche il "tirare a campare" del governo aiuta a peggiorare la situazione.
L'aumento della forbice con la Germania non farà che incrementare la sua egemonia politica ed economica all'interno dell'Ue. E forse è questo il fattore più rischioso per la tenuta della zona euro, ancor più del debito dei PIGS.
Fortunatamente siamo uno dei paesi più virtuosi se si considera il debito aggregato ( Stato + famiglie + imprese private) , grazie allo scarso indebitamento delle famiglie ( avevate dei dubbi?).
Why is so little discussion of these topics are so important and the effects so real, while you fill pages on the escort and partying hard Silvio?
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