tag:blogger.com,1999:blog-8487128531050281473.post596711563527430767..comments2024-01-08T14:24:03.718+00:00Comments on Economics Essays: Economic Problems of ItalyTejvan Pettingerhttp://www.blogger.com/profile/03405988099792035111noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8487128531050281473.post-76018652316852884172012-06-22T11:35:12.983+01:002012-06-22T11:35:12.983+01:00Does it make any sense for Euro 2 to be created an...Does it make any sense for Euro 2 to be created and the PIIGS to scramble on board?<br /><br />I suspect that Germany would not like it-assuming say a 20% devaluation between E1 an E2 then German cars will be more to sell.SutusB25https://www.blogger.com/profile/03493891854466269053noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-72565958493720266602011-11-21T09:19:16.115+00:002011-11-21T09:19:16.115+00:00First and foremost among Italy’s immediate economi...First and foremost among Italy’s immediate economic problems is the question of the government deficit. The debt to GDP ratio in Italy – which is currently somewhere in the region of 107% of GDP – is second only to Japan in magnitude, and the short term position has only been deteriorating of late, with estimates for the 2006 deficit being around the 5% GDP level.Rudy Gevorgyanhttp://www.goldsilversupply.com/noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-11269141965949762912011-11-11T09:40:50.470+00:002011-11-11T09:40:50.470+00:00No, it is correct.
A primary budget deficit exclu...No, it is correct.<br /><br />A primary budget deficit excludes interest payments<br /><br />A primary budget surplus excludes interest payments.<br /><br />It Italy's case they have a budget deficit, but if we exclude the interest payments, then it is actually a surplus 'which we call primary budget surplus'. I will update post to make it clearer.Tejvan Pettingerhttps://www.blogger.com/profile/03405988099792035111noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-83319451299871454472011-11-10T09:04:52.625+00:002011-11-10T09:04:52.625+00:00"Italy is actually running a primary budget s..."Italy is actually running a primary budget surplus (this means after paying interest payments on debt, Italy has a budget surplus" <br /><br />"A primary budget deficit refers to the amount by which government spending exceeds government tax revenues. It does not include the additional cost of debt interest payments on the government bonds." <br />/http://Anonymousnoreply@blogger.com