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Italy cuts growth outlook, expects surge in deficit, debt - Vimarsana News

Italy cuts growth outlook, expects surge in deficit, debt

* Hikes deficit target to 11.8% * Approves new 40-bln-euro stimulus package * Debt to rise to post-war record of almost 160% of GDP ROME, April 15 (Reuters) - Italy on Thursday cut its economic growth forecast for this year and said the budget deficit would surge to a 20-year high as the coronavirus crisis weighs on recovery prospects and pushes up government spending. The Treasury’s annual Economic and Financial Document (DEF)forecasts gross domestic product will rise in 2021 by 4.5%, down from a 6% projection made last autumn. The fiscal gap is targeted at 11.8% of GDP, up from a previous...

Italy cuts growth outlook, expects surge in deficit, debt - Vimarsana News

Italy cuts growth outlook, expects surge in deficit, debt

* Hikes deficit target to 11.8% * Approves new 40-bln-euro stimulus package * Debt to rise to post-war record of almost 160% of GDP ROME, April 15 (Reuters) - Italy on Thursday cut its economic growth forecast for this year and said the budget deficit would surge to a 20-year high as the coronavirus crisis weighs on recovery prospects and pushes up government spending. The Treasury’s annual Economic and Financial Document (DEF)forecasts gross domestic product will rise in 2021 by 4.5%, down from a 6% projection made last autumn. The fiscal gap is targeted at 11.8% of GDP, up from a previous...

Iain Macwhirter: Sturgeon's border problem could possibly kill Yes vote stone dead - Vimarsana News

Iain Macwhirter: Sturgeon's border problem could possibly kill Yes vote stone dead

PREMIUM CARTER BAR, SCOTLAND - JULY 13: A general view from the view point on the A68 at Carter Bar, at the top of Redesdale in the Cheviot Hills on the border between Scotland and England on July 13, 2020 in Carter Bar, Scotland. In a TV interview on Sunday, IN the days and weeks before the worst rioting in Belfast in decades, signs appeared all over the city announcing: “Loyalists will NEVER accept a border in the Irish Sea”. They were signed: “Unionists against the Northern Ireland protocol”. Borders, real or imagined, cause trouble. And that applies to Scotland as well as Irelan...

Strained Russia-EU Relations - Vimarsana News

Strained Russia-EU Relations

Please make sure these dispatches reach as many readers as possible. Share with kin, friends and workmates and ask them to do likewise. Help us break the corporate media monopoly before it kills us all. The global oligarchy depends on its disinformation machine to maintain its power. Now the malicious fog of Western propaganda has created an ocean of confusion in which even independent minds can drown. Please push back against this colossal apparatus of deception. Consider a donation today! by Vladimir Chizhov and Euractiv Amb. Vladimir Chizhov The interviewer, Gotev, an "europeanised" Bulga...

Finance: Nostalgia in economics | Opinion | EL PAÍS in English - Vimarsana News

Finance: Nostalgia in economics | Opinion | EL PAÍS in English

Tomás Ondarra A curious trend became fashionable in the 18th century: aristocrats loved to build half-demolished castles, to create an artificial past. Nostalgia for the past, for those good old times, has been a common phenomenon since time immemorial, and has a neurological foundation: the memories of adolescence and early adulthood are the most persistent, and they condition, sometimes decisively, future behavior. Just as athletes visualize plays and movements to improve fluidity and speed in competition – visualization generates neuronal modifications similar to the practice of mo...

Source: elpais.com