martedì 8 novembre 2011

Italians, let's buy BTPs!!! (Foolish)

The debate about our national debt crisis is evolving on an everworrying path. Giuliano Melani, an enterpreneur, launched an appeal to all italians to buy government bonds. Paolo Manasse, Professor of Economics at University of Bologna, demonstrates the foolishness of such appeal on his blog. Further, Mr. Melani reinforced his thesis this morning claiming that TAX EVADERS should purchase BTPs.....WHAAAAAAAT? I'm really astonished! Is this the proper solution to the high debt burden? Meanwhile, yields on italian bonds are soaring , the BTP-Bund spread is widening...

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