The German government wants to find a “balance” between the necessary “solidarity” in the Stability Pact reform and the requirement that member states not suffer “infinite and disproportionate increases” in public debt. German Chancellor Olaf Scholz explained this in his speech to the deputies gathered at the General Assembly in Strasbourg today. Germany will “play […]
Tag: public debt
Italy’s public debt will surpass Greece by 2026
Twice faster growth, more spending cuts and less “hunger” for loans. These are the keys that should allow Greece to surpass the title of the most indebted country in the European Union (in percent) and leave the dishonorable scepter to Italy. According to the provisions of the stabilization programs presented to the European Commission by […]
What is changing for Italy with the Stability Pact reform?
The Stability and Growth Pact, which was suspended for three years after the pandemic, will be officially reinstated in 2024. But it may have a new look: after months of deliberation, the European Commission has presented its proposal to reform the rules governing public spending. Member States. Rules that have been accused for years, especially […]
Brussels gives Italy more time to borrow (but asks to reduce aid on bills)
Stability Pact reform still stalls, but given the return of fiscal rules suspended by the pandemic and further frozen by the war in Ukraine, the European Commission is throwing a lifeline at countries most at risk, such as Italy. . In fact, Brussels has decided to give more flexibility to member states that have to […]
EU towards Stability Pact return: ‘hawks’ insist on debt reduction
There is nothing to be done for the most indebted countries. The European Union is on its way back to the Stability Pact and its rules. The General escape clause, the Pact clause, which came into play during the pandemic and allowed EU governments to exceed the 3% deficit ceiling, except for unexpected deviations, will […]
Colombia has launched a new global bond for $2.2 billion
To fund needs for the 2023 period and replace or buy back existing bonds maturing in 2024, Colombia has launched a new global bond offering maturing in 2034 for a total amount of USD 2.2 billion. These funds will be allocated as follows: USD 1,667 million to finance the nation for the 2023 term and […]
This is how the Stability Pact changes in Europe. And for Italy the result is bittersweet
Differentiated debt repayment plans depending on the state. Most frequent penalties (including risk of losing PNRR money) The Stability Pact in the EU is currently suspended, but will come into force again from 2024. However, it will never be the same. The rules will no longer be the same for everyone. The 60% debt-to-GDP and […]
The “Best” leave a bomb in Giorgia’s accounts: 58 billion to be paid in 4 years
Spread and inflation: thus, after the Draghi government, interest spending on government bonds explodes Inflation will also have negative effects on the Italian state’s accounts: the interest expense of the public debt, that is, what the Treasury recognizes to bot and btp subscribers, will increase globally by more than 58 billion euros in a period […]
Interest on new debt registers largest increase since 2011
The era of minimum and zero interest rates is over and the interest on new debt issued by Portugal is rising significantly. According to data from the Treasury Department and the Government Debt Management Agency (IGCP), the weighted average interest rate on all new debt in the first half of this year more than doubled […]
Guido Crosetto sinks Draghi and the left: “You’ve been saying for months that…”
Guido Crosetto, businessman and co-founder of Fratelli d’Italia, comments on data from the Bank of Italy on the new record reached by our country in public debt. Indeed, just today the Bank of Italy published the updated report on Italian public debt. In a short tweet, Crosetto launches his push for the Draghi government and […]