The irrational covid-19-induced destruction of our economy has exacerbated the north-south divisions in Europe and sparked debates on issues such as austerity, recovery funds, financial stability and, of course, national debts. But when speaking of national debts, economists consistently ignore, or forget, the issue of implicit debt and focus exclusively on explicit debt. We propose…
April 28, 2020 Fitch cuts the rating of Italy from ‘BBB’ (April 21, 2017) to ‘BBB-‘ with stable outlook. The downgrade, the agency points out, “reflects the significant impact of the Covid-19 pandemic on the Italian economy”. According to Fitch, in 2020, Italy’s GDP should record a drop 8% with a debt / GDP ratio…
The covid-19 has accentuated the fragmentation of the European Union. In a moment of political fragility we have performed a resilience rating analysis of the union as a whole as well as of the individual countries and specific macro regions. The idea is to perform a preliminary and simple assessment of how each country could…
In the current economic situation, of falling stock markets, plummeting oil prices and sustained turbulence, the global investor must know which regions/countries offer better long-term sustainable investment opportunities. In addition to having one of highest resilience ratings in the Euro Area (Italy – 73.1%, versus 70.5% of Germany for example), Italy is the 3rd…
