That doesn't mean that they understand how it works, beyond seeing it as a conspiracy against them. I don't think it would be possible to remain living in italy if you understood how it all works. You'd just get the fuck out of there.
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Return of the Lira? Italian general election, 2018
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- Apr 2011
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Originally posted by Tubby Isaacs View PostGood God. Don't graphs like that where you see lines coming together in recent years have "people under 18" or similar?
Are those pension rises definitely happening?
https://www.onetouchfootball.com/sho...=1#post1400938
It's an old country too, very low birth rate for a generation or so now, third oldest country in the world, all of which explains a lot politically. (51 million registered voters for a population of 60m - it was only 47m in 2013, I didn't understand why such a difference so I dug around a bit and found this.)
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The EU has called their bluff and rejected the budget
The European Commission has formally rejected Italy’s draft budget, an unprecedented step for eurozone fiscal authorities that will force Rome’s populist government to rein in its spending plans or face fines from Brussels.
The commission voted to request changes to the spending plans for 2019, which smash through previously agreed deficit targets.
Valdis Dombrovskis, the commission vice-president responsible for the euro, said that Brussels had “no alternative” than to request changes to draft budget plans submitted by Italy earlier this month, saying they breached previous commitments the country had made to reduce its deficit and debt levels.
Speaking in Strasbourg, Mr Dombrovskis said that explanations sent by Italy earlier this week were “not convincing” and did not “change our earlier conclusions of a particularly serious non-compliance”.
The move marks the first time that Brussels has requested changes to a country’s spending plans. It means Rome has three weeks to either make changes or ignore the commission’s warnings.
If Italy refuses to budge, Brussels’ next step would be to open an “excessive deficit procedure” that could end with financial sanctions in 2019.Last edited by ursus arctos; 23-10-2018, 14:06.
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I read the letter from the Commission in full. Am I correct in saying their objections are basically 1) you guys have no real long-term plan to cut the deficit, since as Berba noted, it's mostly bungs to pensioners and tax cuts for the wealthy and 2) what plan you have is based on mumbo-jumbo, since it uses a forecast that hasn't been vetted by the Italian version of the CBO/OBR?
It seems to have popped up somewhere on the UK left as a mate is discussing it as a sovereignty/big bad EU issue, whereas I read it as "If you guys had a plan to invest in infrastructure, cut the deficit eventually, based on real math, y'all would be OK".
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M5S MEP Marco Valli joins the ranks of politicians with made up degrees. Also, the Commission has formally rejected Italy's budget plan, saying it will lead to a breach of the 3% deficit limit in 2020.
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Originally posted by Reginald ChristA very dear friend of mine is moving back there permanently in December for health reasons. How worried should I be for them? Honest question.
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