What is public debt? Public debt is the debt of the government to the private sector of the economy (households, businesses, ordinary credit banks) and/or the Central Bank while, on the other hand, the private sector and/or the Central Bank are creditors to the government itself. Government debt is essentially created when in a State […]
The principal activity of a bank is to grant loans to people, in order to buy a car or a house, or to companies, to allow them to invest, create profits and more jobs. Banks loans usually turn out to be either in bonis loans or bad loans, that is when it is difficult for […]
The euro recovered from earlier weakness against the U.S dollar on Monday after Italian Prime Minister Matteo Renzi’s loss in a referendum over constitutional reform was seen by traders as largely expected and recent euro weakness was seen as having run too far. The resounding defeat by a margin of 59%-41% was a strong enough […]
Warren Buffet once said “You never know who’s swimming naked until the tide goes out”. The dry humour quip applies very well to the personal finances of Italians that have just realized they have been dipping naked. After all, the “financial literacy rate” in our country is one of the lowest in Europe: as a […]
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