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The author pointed out that a ten-year debt above 4% was serious because it made state financing more expensive: as it renewed its loans, it paid more interest and had less room for services and investment. He added that, with a lot of debt and little growth, the pressure to raise taxes and cut spending increased. (translated)

Pulvera has launched SILKI, a prototype of a seat made from powdered textile waste and enriched with an optical tracer, which allows for traceable and verifiable recycling of the material, responding to the needs for sustainability and transparency in the fashion industry. #Sostenibilità #EconomiaCircolare #Riciclo (translated)

First Vice President and Minister of Economy, Carlos Cuerpo, recalled this week that the first assessment by AIReF has already been approved, along with a subsequent review, although with the objection that part of the system's revenue comes from direct transfers from the State, which will have to continue covering the deficit of Social Security. In this regard, Cuerpo pointed out that there is "a second closure mechanism," which is compliance with the fiscal rules with Europe, ensuring the sustainability of all public administrations. #pensiones #sostenibilidad #reforma (translated)

The author recalled that Rajoy carried out an operation in 2013 that he described as outrageous: according to what he wrote, he allocated 97% of the pension fund, 65 billion euros, to buy Spanish debt in order to beautify the macroeconomic figures. He also described the Wall Street Journal as neoliberal. #Rajoy #Pensiones #Economía #ES (translated)

As far as banks are concerned, I am fundamentally opposed to taxing excess profits because excess profits do not exist, either in law or in economics. For Antonio Tajani, who emphasizes the importance of dialogue and states that there is no possibility of a tax on excess profits, caution is needed, along with a choice agreed upon with the sector, because once taxes are imposed, you know where you start but not where you end up. #MatteoSalvini #BancheItaliane #LeggediBilancio (translated)

urso_de_shorts wrote that the housing crisis in Portugal was complex, but that the dynamics of supply and demand were not. He argued that policymakers needed to understand these curves to find solutions, saying that otherwise they would continue to discuss the symptoms without addressing the causes. He added that the laws of economics did not change by decree and wished a good weekend. #Habitação #Economia #Portugal (translated)

Arthur Machado stated that if Lula lost the elections on the 25th, sectors of the right that defined themselves by anti-PT sentiment could be left without a central opponent, since, according to him, they had not built an alternative project for the country. Machado criticized a portion of the liberal right, which, in his view, repeated slogans without presenting proposals to attract investments, modernize laws, or promote coexistence with divergent views. He also mentioned that the PT could fragment and compete for space among leaders after Lula. As an example, he cited European sectors that, according to him, reorganized their political identity around fighting other groups, including the radical right. Machado stated that without a consistent national project, former opponents of the PT could start targeting Eduardo Bolsonaro and other movements in search of new adversaries. The author also said that the criticisms of the "5th element" came from groups without a project or knowledge about Brazil and claimed that political groups that treated law as a tool for control, rather than as a guarantee of rights and freedoms, were technocratic and promoted a Chinese governance model. He concluded that the problem for these sectors would be discovering that they never had a project to replace Lula as an opponent. #PolíticaBrasil #Antipetismo #Lula (translated)

Matteo Salvini defends the proposal for a contribution of at least 5 billion euros from the banks, contrary to the statements of the president of Abi Antonio Patuelli, emphasizing the record profits of the sector and the closure of thousands of branches and jobs. #Banche #Profitti #Economia (translated)

Fernando Lopez mocked proposals that, according to him, aimed to scrape the serial numbers off weapons to eliminate crime, explore oil starting in 2033 to cut 200 billion, remove Lula to reduce interest rates, and create an app to improve health. In the end, he stated, with indignation, that this way it was easy. #Política #Economia #Saúde (translated)

The medium-term prospects are characterized by uncertainty regarding the intensity and duration of the conflict in the Middle East, as well as the ways in which the resulting shocks could spread to the economy. The risks to growth are skewed to the downside," said ECB President Christine Lagarde. #MedioOriente #Houthi #Iran (translated)

Fiscal policy should reconstruct margins of maneuver and safeguard debt sustainability through credible medium-term frameworks (such as the EU fiscal framework), while protecting investments that promote growth and essential social spending, reducing risks of external contagion, and improving the quality and efficiency of public spending and revenues. This is stated in the statement by the Minister of Economy, Giancarlo Giorgetti, to the International Monetary and Financial Committee of the IMF. #BCE #Inflazione #Energia (translated)

The President of the ECB, Christine Lagarde, emphasized the need for a measured response to the energy crisis related to the pandemic to keep inflation under control, while the Minister of Economy, Giancarlo Giorgetti, highlighted the importance of strengthening debt sustainability through credible fiscal policies and diversifying energy sources. #BCE #Inflazione #Energia (translated)

"The fiscal policy should - Giorgetti emphasizes - rebuild the margins of maneuver and safeguard the sustainability of the debt through credible medium-term frameworks (such as the EU's fiscal framework), while at the same time protecting investments that promote growth and essential social spending, reducing the risks of external contagion, and improving the quality and efficiency of public spending and revenues." "The fiscal policy should - Giorgetti emphasizes - rebuild the margins of maneuver and safeguard the sustainability of the debt through credible medium-term frameworks (such as the EU's fiscal framework), while at the same time protecting investments that promote growth and essential social spending, reducing the risks of external contagion, and improving the quality and efficiency of public spending and revenues." #Economia #Sostenibilità #IntelligenzaArtificiale (translated)