Really I realise I have been remiss in another important sense. I have long assumed that in fact the decision to reduce deficits was taken due to the coming fiscal pressure from ageing. This certainly was the background to the discussion. However now I look at the details of the SPG this area is not [...]
Italy’s Finance Minister Domenico Siniscalco is in defiant mood. ?The times of creative finances are over,?, he told a parliamentary committee in Italy today. By ‘creative finances’ he means a cost-cutting exercise. He means any serious attempt to bring the Italian deficit into line this year. What he is in fact saying is that [...]
No this is not (yet) the title of one of my new pages (although we were looking into living in sin, but unfortunately it’s already taken). No the denial I am referring to is much nearer home for most of us, since it is up there in Brussels. “European Union nations are dragging [...]
Feed: A Fistful of Euros