In recent years the government has introduced new instruments to bring the private wealth closer to the needs of Italian SMEs. Among these tools, the Budget Act 2017 has introduced the long-term individual saving plans (the so called Piani Individuali di Risparmio, PIR). Their objective is to channel family savings into long-term investment schemes to...
The alternative investment sector known as Private Debt, which until recent years represented a segment often in competition with the banking channel, in 2021 recorded levels of fund raising and investment never seen in the last decade. And this happened not only in Italy, but also worldwide. But in 2022, with high inflation and raising...
Could a 25-minute statement by Britain’s new chancellor of the exchequer spook the financial market up to urgent step in by the Bank of England to restore market functioning? This is what happened earlier this week on UK gilt markets, and what put UK under global attention for instability risks ever since Brexit. Someone was...
Tax evasion remains the central issue in the relationship between public finance and the economic system in Italy. Not only for an ethical question of fairness, as for the effects on the country efficiency. The latest “Report on the unobserved economy, tax and contribution evasion” shows the estimates of Italy’s tax dodging, summarised by two...
Since the outbreak of the pandemic, deposits of households and businesses with banks have increased by more than €200 billion. This increase reflects both the effect of government restrictions to reduce the spread of the infections, and the strong uncertainty on economic prospects experienced up to nowadays, with the well-known events that are perturbating the...
The Italian productive system is one of the most fragmented in Europe, with a variety of differences in management approach and, consequently, in performances. Italy is also the country where more than 90% of enterprises are defined as micro and SMEs, mostly family-owned businesses with latent potential, due mainly to lack of structural support and...
Tough periods require unprecedent actions and steady nerves. It is with the outbreak of the Covid-19 pandemic and the overall downturn in the economy that the European Commission planned several actions aimed at enabling the recovery of the national economies in the years ahead. Europe reacts to the pandemic with Next Generation EU (NGEU), a...
