Commissione Europea, Malta deficit a 1,1% e debito sotto il 60%

Commissione Europea, Malta deficit a 1,1% e debito sotto il 60%

In Europa, con l’Euro c’è chi sa far bene e attira sempre più cervelli e capitali...MALTAway è il vostro accesso alle opportunità di Malta, per capitali, aziende, individui….servizi legali, societari, di investimento e di relocation, dalla vostra casa alla consulenza per passare alla struttura di miglior Governance aziendale

maltaway_lavoro estero

Strong wage growth and record-low unemployment boosted economic growth • Public investment is expected to decrease on the back of the phasing out of the capital injection to the national airline

The European Commission expects deficit in 2016 to further decrease to 1.1% of GDP whilst the debt ration is projected to fall further in 2015 to 64% of GDP, also thanks to the expected repayment of some tax arrears from the public energy utility corporation.

It is expected to follow a downward path and to reach 58.7% of GDP by 2017.

In its winter 2016 economic forecast, the European Commission described Malta’s economic performance as having a “robust growth outlook”

“Real GDP growth peaked in 2015 on the back of strong investment and supported by private consumption. Growth is expected to moderate in 2016 and 2017 with the phasing out of the major investment projects. The general government deficit and debt are forecast to decline further also thanks to the favourable macroeconomic conditions,” the European Commission said.

In an initial reaction, Prime Minister Joseph Muscat said that the European Commission estimates show that Malta will wipe out the increase in national debt accumulated by the three previous administrations.

The Commission found that the “main engine of growth continued to be investment” with large ongoing energy investment projects, while private consumption expanded by 5.1% on the back of strong wage growth and record-low unemployment.

http://www.maltatoday.com.mt/news/national/61915/european_commission_forecasts_further_decline_in_maltas_deficit_debt#.VrOFnvnhDIU

MALTA E TUTELA RISPARMIO ITALIANO 2, dopo il Sole 24 Ore anche il Corriere

«Dovrete colpire i risparmi privati E forse vi servirà un salvataggio Ue»

Faccio seguito al precedente post, MALTA E TUTELA RISPARMIO ITALIANO, questi giorni pre-natalizi sono dedicati ai miei connazionali che contituo a vedere in FEAST MODE e a fare bella vita per ristoranti e negozi.
Ma non lasciare i tuoi risparmi a garanzia dei DEBITI di altri, con noi a Malta, puoi avere strumenti, soluzioni e veicoli legali che sono ideali per la tutela del risparmio e del patrimonio:
EFFICACI, in quanto completamente compliant e rispettosi delle norme Europee e OCSE
EFFICIENTI, fiscalmente e per il costo più basso d’Europa in percentuale al totale del valore degli asset trasferiti
in un paese che è il migliore d’Europa per stabilità, crescita del PIL, sistema bancario solido, fiscalità, dati macro economici, debito pubblico
Leggi questo articolo e pensa a proteggere te stesso, la tua famiglia, la tua impresa, il tuo patrimonio……………….

Lars Feld, consigliere del governo tedesco e vicino al ministro Wolfgang Schaeuble, intervistato da Federico Fubini sul Corriere della Sera prefigura scenari tragici per i risparmiatori italiani:

«Il bail-in può sempre essere seguito da instabilità. C’è sempre rischio di contagio quando si interviene su una banca, ma sarebbero colpiti solo i depositi sopra ai 100 mila euro, non quelli piccoli e medi. Dunque non sono rischi pesanti. E in caso di contagio, ci sono strumenti europei per gestirlo».

http://www.corriere.it/digital-edition/CORRIEREFC_NAZIONALE_WEB/2015/12/19/13/dovrete-colpire-i-risparmi-privati-e-forse-vi-servira-un-salvataggio-ue_U43140361249112QJD.shtml?refresh_ce-cp

maltaway_vento-in-poppa

MALTA e tutela risparmio Italiano

MALTA e tutela risparmio Italiano

TUTELA il Credito, lo dice anche il Sole 24 Ore, che detto in termini più diretti vuole dire tutela il tua risparmio, la tua ricchezza, tanta o poca che sia, fallo TU perchè altri non lo faranno per te.

” E non dimentichiamo che la consistenza e solidità del risparmio privato (il totale dell’attivo patrimoniale è pari a 5.800 miliardi) è uno dei principali “fattori rilevanti”, posti a garanzia della sostenibilità del nostro ingente debito pubblico”.

Ma non lasciare i tuoi risparmi a garanzia dei DEBITI di altri, con noi a Malta, puoi avere strumenti, soluzioni e veicoli legali che sono ideali per la tutela del risparmio e del patrimonio:

EFFICACI, in quanto completamente compliant e rispettosi delle norme Europee e OCSE

EFFICIENTI, fiscalmente e per il costo più basso d’Europa in percentuale al totale del valore degli asset trasferiti

patrimonio

Finchè abbiamo la libera circolazione dei capitali, lasciare risparmi e ricchezza in un paese altamente indebitato e a crescita zero e con un sistema bancario con numerosi attori commissariati e stracarico di crediti inesigibili, è poco salutare e molto rischioso, i fatti di questo fine 2015 sono solo un segnale di allarme…molto e ben altro è in divenire

La stessa cosa vale per le TESORERIE di molte aziende familiari e multinazionali, che anzi sono spesso ancor più a rischio avendo una liquidità elevata sui conti, necessaria per la gestione delle operations quotidiane e che, a fronte di un problema, non solo mettono a repentaglio parte dei loro asset, ma anche la continuità operativa perchè quando non puoi pagare i fornitori si ferma anche il fatturato

– Il Sole 24 Ore – http://www.ilsole24ore.com/art/commenti-e-idee/2015-12-19/tutelare-credito-110746.shtml?uuid=ACM3jfwB&refresh_ce=1

ITALIA: una nazione (AF)FONDATA sul debito

ITALIA: una nazione (AF)FONDATA sul debito

Non avete scuse, i dati sono chiari come lo è il percorso che il paese ha intrapreso e che non sta affatto modificando…questo post è di Luglio 2015…ora dopo oltre un anno conviene AGIRE !!! altrimenti è peccato

Mi auguro siano chiare anche le vostre azioni, per proteggere voi, la vostra famiglia, la vostra impresa, il vostro patrimonio

A Malta ci sono molte soluzioni al massimo a 90 min di volo dall’Italia,  MALTA way è la tua via d’accesso a MALTA per Residenza,Business,Investimenti,Casa e Immobili,Viaggi Vacanza,Incentive,Corsi Inglese

While all Eyes are on Greece, Italy’s Banks are Drowning in Bad Debt

The real danger to the euro area probably doesn’t emanate from Greece, but from two of its heavyweights, namely France and Italy. A small note in the European press reminds us that all is not well in at least one of these countries, least of all with its banks (currently this is only a “page 16 story”, but it has great potential to eventually move to the front page).

 

NPLs by region

Regional distribution of non-performing loans in Italy

 

 

The note reads as follows:

“Rome – because of the recession of recent years and corporate bankruptcies, the total of bad loans has continued to rise in Italy. According to Italy’s banking association ABI, non-performing loans amounted to 193.7 billion euro in May, 25.1 billion more than in the same month in 2014. This is the highest level since 1996.

 

Non-performing loans represent 10.1 percent of all loans granted by Italian banks, ABI said on Tuesday. Especially small and medium enterprises continue to be under pressure due to bad loans, so will take a long time before banks will see the bad loan situation ease, the ABI report stated. Italian companies are currently struggling with the effects of the longest economic crisis since World War II and are therefore often no longer able to service their loans.”

(emphasis added)

If our calculator can be trusted, this means that bad loans in Italy’s banking system have increased by roughly 14.9% over just the past year – by no means a peak crisis year, although Italy’s listing economy continued to contract slightly.

As the following chart shows (unfortunately we were only able to obtain this slightly dated version), Italian NPLs stood at € 165 bn. in Q1 2014. However, to this one must actually add all sorts of loans that are otherwise delinquent/dubious or sub-standard, but haven’t yet reached “full” NPL status. These are summarized together with NPLs under the term impaired loans below.

 

Italy_impaired_loans

The growth of impaired loans in Italy’s banking system until Q1 2014. At the time, NPLs stood at €165 billion – now they are towering at nearly €194 billion.

 

While Italy’s banks are drowning in NPLs and otherwise impaired debt (from the above one can probably infer that the new total is close to €350 billion), its government is buried under ever more debt as well. Of course, the government’s debt is considered “risk-free” in the Bizarro universe we have entered since the ECB has decided to join the global printathon. Note that we are dating this ECB decision to late 2011, as its money printing efforts started well before it announced full-blown “QE” (previously there were LTROs, TLTROs, several covered bond purchase programs, an ABS purchase program, the SMP and the as yet unused threat of “OMT” or “outright monetary transactions”).

 

italy-government-debt

The trend in Italy’s general government debt – it remains a one-way street.

 

However, Italy is not the worst country in the euro zone with respect to bad loans in the banking system. The next chart shows the percentage impaired bank loans (loans that are delinquent 90 days+) represent of total bank loans outstanding in a number of countries.

Not surprisingly, Greece is inhabiting the top spot, followed by Ireland, Slovenia and Italy. In most of these countries a variety of measures has been taken (mainly via the creation of “bad banks”) to get the problem under control. Italy seems to largely have disappeared from the radar, but strikes us a potential powder keg – especially once the recent monetary-pumping-induced pseudo recovery implodes in another bust.

 

NPLs

Bad loans as a percentage of all outstanding bank loans in various countries

 

Conclusion

If one thinks things properly through, Greece is really a side-show. The euro zone remains full of accidents waiting to happen and some of them have the potential to become truly gigantic accidents. Italy has a twin debt problem and it is probably only a question of time before its giant government debtberg becomes a concern again – this would put the country’s banks into an untenable situation, given they have amassed a great deal of government since early 2012.

As long as the ECB continues to pump €60 billion in newly created money into the system every month, such problems can probably be kept at bay. However, this comes at a price, as monetary pumping distorts prices and falsifies economic calculation, which in turn leads to malinvestment and capital consumption that is masquerading as an “economic recovery”. The structure on which all this debt rests becomes ever weaker.

 

explosion-1

What will happen when the pumping eventually stops?

http://www.zerohedge.com/news/2015-07-15/italy-%E2%80%93-non-performing-loans-hit-new-record-high