Die Jagd auf den Zins oder: die Fiskalpolitik der Regierung Monti und ihre Folgen
Mario Monti became Prime Minister of Italy in the autumn of 2011 after the refinancing of Italy’s debt in the financial markets had almost failed. The Monti government has since made the lowering of the risk premium for Italy’s government bonds an absolute priority. This, however, has only been somewhat successful. Although the new debt was decreased and the balance of trade recorded a surplus, an interest rate spread remains. At the same time, the government’s austerity measures only deepened the economic crisis. By contrast, the decision of the ECB in September 2012 to buy government bonds of crisis-ridden states without limitation has proven to be far more effective. The introduction of taxes on higher incomes and wealth to finance growth programmes could now help to resolve the economic crisis. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2012
Volume (Year): 92 (2012)
Issue (Month): 11 (November)
|Contact details of provider:|| Web page: http://www.springer.com|
Postal:Düsternbrooker Weg 120, 24105 Kiel / Neuer Jungfernstieg 21, 20354 Hamburg
Phone: +49 431 8814-1
Fax: +49 431 8814-520
Web page: http://www.zbw.eu/de/
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/policy/journal/10273|
When requesting a correction, please mention this item's handle: RePEc:spr:wirtsc:v:92:y:2012:i:11:p:751-758. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.