Wednesday 13 May 2020, at 16.27 sign in sign in Follow us on feed rss Milan shares TO B. C. D. IS F. G. H. THE J K. L M. No. OR P. Q R. S. T. U V. W X Y Z NEWS QUOTES HEADINGS AGENDA VIDEO TECHNICAL ANALYSIS TOOLS GUIDES PRODUCTS THE COMPANY Topics covered Germany (44) · France (29) · Ferrari (12) More news G7, yes to debt moratorium Poor countries if ok G20 Savona, there is no possibility that Italy will declare default Recovery Fund and Mes, Gualtieri: "No Italy risk. Debt will fall" Mef, published update of public debt lines Def, Senate approves majority resolution Germany, deficit growth of 7% and debt of 75% expected follow us on Facebook Home Page / Sections / Top Mind / Public debt, lawyers, corruption: the circle of the "slothful" Public debt, lawyers, corruption: the circle of the "indolent" Go back to the Top Mind page April 9, 2018 Fabrizio Pezzani Full Professor of Business Economics at the Bocconi University. He is the author of books and publications on the issues of governance and control of public and private administrations and the relations between economics, ethics and society. 1 2 3 " Ignavi is the term usually attributed to the category of sinners encountered by Dante Alighieri in Canto III of Hell . The slothful are those who during their life have never acted either for good or for evil, without ever daring to have their own idea, but limiting themselves to always adapting to that of the strongest and as such unworthy of deserving both the joys of Heaven, both the pains of Hell, precisely because they did not take sides either in favor of good or in favor of evil. The stalemate in which we find ourselves between growing debt, law enforcement by now crazed and increasing corruption show an ever closer correlation in a deadly circle in which it seems we are ending up suffocating ourselves unable to find a cause and effect relationship of the evils that are tearing us apart. In fact, a perverse magic circle of "sloths" is being created, which can be expressed with the following formulation: + debt = + astral normation = + corruption = + debt = + astral normation = + corruption ... so ad infinitum in a hellish trap in which thought and the ability to read phenomena are marginalized. It is always the data that illustrate the circuit, in fact: in 2001 the public debt was 1350 bln / euro in 2011 in September it becomes 1,830 billion / euro oggi siamo a quasi 2300 mld/euro The growth path becomes faster and faster, +500 billion in ten years and then +500 billion in five years despite the tears and blood, the fiscal maneuvers on everything possible, the non-reforms and all the official declarations. The debt in 15 years has increased by 1000 bln / euro, but the increase was determined by current expenses not by investments. The increase in current expenses represents the dominant culture of the country which is that of rent and is functional to distribute and burn wealth to maintain consensus without creating it. The increase in debt occurred despite interest rates being incredibly low, around 2%, compared to the levels of the 1990s when a BOT yielded 20% per quarter. growth of current expenses with respect to the total debt both in absolute value and as a percentage of GDP, the trends in the interest rate which varies independently from the real volumes as it is subject to speculative phenomena that allow data to be manipulated (the graph in which it is represented the debt in purple color, the GDP in green and the spread in white is of absolute evidence) and finally the correlation between debt and corruption: 1 2 3 " Other Top Minds Two worlds The abyss between institutions and the real country: the dangerous disconnect Fomo - Fear of Missing Out Torna alla pagina Top Mind Leggi anche Bankitalia: a febbraio debito pubblico in aumento di 2,7 miliardi UE, a fine 2019 debito pubblico all'84,1% del PIL Istat, nel 2019 deficit/Pil all'1,6%: debito pubblico al 134,8% del Pil S&P Conferma rating BBB dell'Italia con outlook negativo Commenti Nessun commento presente. 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