I have recently finished reading the book “the seven sins of the Italian economy” published by Feltrinelli and written by the Italian almost-premier Carlo Cottarelli. For those who don’t know him, he is an Italian economist and former Director of the Fiscal Affairs Department of the International Monetary Fund.
In the book, Cottarelli describes seven “sins” of the Italian economy, responsible of slowing down the country’s economic growth. I have found the book of particular relevance for both its objectivity and for the author’s clarity of thought. These seven sins can be divided into two categories, the long-standing ones and those more recent. Those that are within the Italian economy’s DNA make most of the list, these are: tax evasion, corruption, slow justice, excessive bureaucracy and the disparity between the North and the South. On the other hand, the most recent ones are: the fast aging of the population and the difficulty of Italy in adapting to the common currency. In this brief article I will only focus on the first sin, the one on tax evasion. Continue reading “A brief summary on the last book by Cottarelli: “Seven Sins of the Italian Economy”.”
The titles of all the newspaper talk about the cruel murder of Pamela, a young Italian girl. It is not clear yet what happened to her, seems that a Nigerian pusher gave her some heroin before killing her, cut her body in pieces and tried to hide her corpse.
Luca is holding the newspaper in his hands, put his pint of beer on the table of the pub where his friend Matteo is sitting. The pub is one like many others in Italy nowadays: there is a slot machine room in the back and people meets there after work (for those who still have it) or at anytime for those who do not.
“Have you seen what the hell have they done, these animals?” he says to his friend
The Government Budget is a complex document that represents in a detailed way the financial and economic condition of a country. In addition, through an accurate analysis of the public expenses, it is possible to find out important information about the culture and the social structure of the State.
<<The Government Budget is the mirror of all the political and social problems of a country>>.
Depending on the information searched and the goals pursued, we can distinguish several types of budget statements.
In this article, I will briefly refer to the final budget and the provisional budget to give an idea about the essential content of a public budget statement and about the role of Gross Domestic Production (GDP) in the evaluation of the total wealth produced, of the national income and of the welfare level inside a society. Continue reading “Nuggets of Public Finance”
Sweet hills, impervious mountains, amazing landscapes, we observe, sliding from the seaside to the highest peaks. We watch thousand of kilometres, crossed by a trail of colored jerseys, which run through Italian peninsula for many hours a day.
Three weeks on the road providing strong emotions and spectacle.
Despite this, cycling is not the most suitable sport for the post-modern society, where immediacy rules. Continue reading “Giro d’Italia, one hundred years of an eternal youth”