Corona stimulation thingy, the Chinese government will love it.
In Italy, 72% or 19 million households own the home they are living in. In international comparison the average Italian mortgage is a ridiculously low 19k euro. The average Dutch mortgage in contrast is 210k. The real reason why Italy has a high public debt and the Dutch a low, is because the Dutch dutifully pay their taxes where Italians don’t. The latter prefer to illegally pay off their homes, have 3 times the wealth/household as compared to the Dutch (due to paid-off real estate) and next have the nerve to call for “European solidarity” and curse the Dutch and others for not helping lowering the Italians public debt. Even the pope denounced the Italians as tax dodgers. Bloomberg reports an Italian tax evasion rate of 30% and 108B euros in 2016 alone.
And now they are getting a solar system for free, adding to public debt, increasing “Italian need to be bailed-out” (by NW-Europe of course). Italy, the next Greece in the making. What Italy really needs is either go back to the Lira, so the government can print the money it needs at 10% inflation/year, like in the old shabby pre-euro days OR every household gets a 40k mortgage to compensate for the tax-dodging of the past. It is high time for rich Italy and a surplus nation, to become a serious country and get rid of its mafia image.
European solidarity yes, funding tax-dodgers no.
The Italian public debt is 2.1 trillion, the wealth of Italian households is 9.7 trillion. It is high time for the Italian people to show some solidarity with their own state and shift, say 1 trillion, from the households to the government via a national solidarity mortgage. The West-Germans did something similar to the East-Germans after reunification. Time for a European-wide anti-Italian shaming campaign.
Pay your f* taxes!