tv Sophie Co RT February 4, 2019 9:30am-10:01am EST
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it is throwing rocks at a ration of growth in the second half of two thousand and ninety almost no way in which there could be such a large exit or asia or even achieving a growth rate those zero point six percent in two thousand and nineteen would require an acceleration or with the specter what we have seen in the last in the third quarter of last year ok but they get to the point that the country's heavily in debt it your daddy's by me italy's debt right now is one point eight trillion euros how will the country manage to dig itself out of that. no it is a big issue and it definitely is if any become say. there is no growth. i mean the problem was easier to solve in the last few years when growth was about two on one and how percent if if starting in two thousand and sixteen we had kept public spending call about the in real terms so we don't any cuts with a growth rate of one one and how percent revenues would have increased the and we
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would have achieved in two thousand and three in one thousand a balanced budget if growth now stalled and he actually that he's a session things are going to be very difficult for he thought it was we need to be afraid and increasing the public debt to g.d.p. ratio the public debt to g.d.p. they both more or less and be with a growth rate of zero point six would still be more or less a stable but if we get into a recession then the public debt to g.d.p. ratio was to rising and that is going to create major proverbs that goes these could trigger a call for this crisis so in mid december in brussels said on chile approved italy's budget after months of bickering saying graham spending plans were to extravagant now elites being forced to shave billions off its budget at least leadership say the deal doesn't betray the italian people and is good for both sides is that so or is rome just trying to save face. while the government is
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the leaving something there's no doubt about these it's believing less than walt that they had promised. but walt that probably is going to be an actor i'll come bail was clearly. actually impossible to to do the war spending probably says. of one on the. over the next five year or. so that is an increase in spending for this year they found a temporary spending. and so this sea of the deficit does not increase very much a yet to leave these mini moon. and medium. income and leave for more dependable see is the wish with the people to it die or earlier but the so for this year they found some sources of financing without a major increase in the public deficit before two thousand and twenty said mr.
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polly meant approved increases in v.a. t. for next year to a level of twenty five percent which would actually raised to twenty six point five percent in two thousand and twenty one but the government has already said that this is not going to happen so it's not clear wall toward the how the finance it will be found for next year if they don't found a for announcing that the deficit will rise to over three three and harper said the g.d.p. that's the big question because it did the social spending is very big on italy's government president has signed a decree that would bring in basic income for the poor or decrease to retirement age and that's all great but are these measures were really needed really are these measures what in doubt italy really needs right now and how would that mash ways brussels a stereotype measures. knowing that if he thought he had
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a little public debt to g.d.p. ratio i think he could afford tickets to risk rhondda spending on the spending side . particularly in a situation in which the economy is those. bodies are fine even. if the stimulus policies are fine if a god has a low public debt to g.d.p. ratio when the public debt to g.d.p. ratio is so high markets may get to nervous and he indeed they did they get nervous when the government was getting a deficit of two point four percent of g.d.p. paramus down to growth rate to one and a how percent which was an achievable the government however. scaled their spending. t.v. to fold the seer so the deficit in to be two per cent with a lower growth rate but there is a big risk even in achieving these darkness darkness of not to leave that and the
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deficit these larger and especially in a call to see which the economy is now growing or is a shrinking then there could be a very serious problem i don't foresee these happening i think that hopefully this slowdown of economic activity in europe is temporary. recover but if we get into a recession it's a major problem. for the us the euro a staring measures proposed and i'm dressed cells because that's what they keep doing for the past ten years it never worked for any single economy in the e.u. why would it work oh are easily. but it doesn't seem to me the browser has been proposing austerity measures for for the last few years. brussels says allowed eataly to one day in an unchanged. declining primary pros primary surpluses the balance net zero into spirit the deficit has been declining very slowly so you open says give it
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a lot of room for. two a lot of time for you thirty two feet of fees. if that is not done saw as they said if he had kept without the newest it without any cuts in public spending if it that he had month ain't spending caused in real terms for the last few years so without any cow to doubt then your state be in a situation in which he thought it was growing now we would have a balanced budget we have lost di and now we get into a situation that is very difficult to to tackle because if the economy is those down exposure of the measures will be needed but the exposure in measure will may markets nervous so if you're asking me what is the solution i don't know at this bar or what the solution these unfortunate we may be in getting into a very difficult solution very doubtful state the measure seen
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a crisis like in two thousand and eleven it may be necessary that dollar helps the economy to grow at that point but there is no alternative at that bar if you get the government can refinance itself. into sets up too high there is no alternative but certainly don't help the economy at that bar do the alternative where will be the worse and then you get the did you meet we may be getting the same situation where they need a solution is not easy to fight. i want to talk about the refugee crisis caused data and now suggests a declining number of refugees are coming into europe for the first time in a very long time. has deported more migrants than it has led in at least since the start of twenty nineteen do you think this is this is the new government's doing or it's a coincidence with a migrant influx slowing down anyways. no it's not the call is that there was only the strong decline. in the last bottle of water the previous government did that
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there was a radiant eighty per cent of the client on the inflows now that it has become a zero because this government has taken a tough stance towards the migrants nada's so this if you ask me as a citizen is i think that this is because i mean is that even a bit too much because the now the discussion is about these forty seven people. forty seven people to come in with a make obviously much of a difference it was a different study way in every area need today there was almost two hundred thousand people coming in as if there were no borders and now the situation is on the controlled fighting now a bottle of principle about forty seven people i don't think it's very useful unfortunately and most of the it they show the most of the policy discussion any tally in the last few days as before has once again on these forty seven people it
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is probably. different we have a problem with the public or cows with every problem we growth and now everything is focused on these on the seashore even the geisha which at present is not the key issue for you that it was in the past but not that at the moment all right we're going to take a short break right now when we're back we'll continue talking to. police farmer former interim prime minister and former head of the international monetary fund discussing growing tensions between easily and priceless stay with us.
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when lawmakers manufacture consent instinctive public wealth. when the ruling class isn't protect themselves. when the crime and merry go round lives only the one percent. and i think nor middle of the room signals. from the real news is. the us in order to guarantee obeyance by the population will gauge and stop to tell terrorism and that's clearly on the march and the population is ready for it you know they were those had to say ok go get ready for their get ready to be controlled.
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later. actually knowing. that there's no known she knew not. all of them ok if there. was not going to match the plan a girl with a bad day out late lastly i could watch that over. the one that had. given. the new nightly. what the how do we learn. no do you need the whole gordon would go for. that i would not unusual.
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and we're back with got a local a leisurely his former interim prime minister and former head of the international monetary fund talking about the here opinion future welcome back to the show now mr good the only italy and ma have been at loggerheads over hosting refugees who have been rescued at sea by n.g.o.s like sea watch italy's coalition government were
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divided salhani was adamantly against and in your rivals but then the five star movement is demaio was open to allowing some pain is this a sign of a larger rift between two parties. there are clearly differences in the political views of these two parties on this issue over immigration as well as on other issues there is one element they keeps them together one glue that keeps them together and it's in a way this nation a nation at least six feeling and feeling of a position towards a brussels and the european union as the the european union that we have known in the last few years that they say they don't say in this society that it should not be in the european union they say we don't want these guys i don't think so we don't want the euro as it is being this is a very important thing that keeps that these two parties together as other kind of
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glue is this feeling again. that. governed before the puter when they were in power at the same time there are clearly differences between these two parties and the question is of that you had actually how strong we would be with the group that keeps them to grab it together still be sufficient for strong us i have myself doubts about these. we don't know a deep a toll depends a bit on walter mr silvino what he is a mistress of being his head on his i don't know well the so-called south which abolishes humanitarian protection status for migraines and makes it easier to share migrants have their right to remain as already ninety eight protests march sara lee italian mayors who refused to obey the new legislation now with all the fallout the same low is that is at least a fact of dealing with
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a refugee issue. as we discussed earlier as being dealt with in the says that the people that are carrying are very few i think is the creed is tightening a big dick of the show and we. to the people who are already in and there is definitely some problems in terms of day shown does these for me be created by the again i see this small city as a body take that leash you with the meat that the consequences for the call for economic development for example and yet it is attracting a lot of a lot of what they should if you ask there are the for the service of what the population believes there was one for example this showed that the majority of the population believes that it the way you would be a mistake for example to send back these a forty seven people to leave bia so the different views on these but definitely in
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my view all these issues are attracting far too much attention the main problem you need that it is not the immigration we just stopped and it was right to stop it but is not the main issue anymore and yet these babsy even those who are already here they are declining anyway the government is saving quite a lot of money this year because the number of people that are is it the that you need that in these center. is declining and yet that this is attractive far too much at the eighty's so do you think salvini now will deport the tens of thousands who claimed their refugee status on humanitarian grounds before using those people also are going to be deported that. is going to be difficult i don't know i think if they stay through and that has been made in the bus or went in that direction but i don't know what the whether they would be able to to
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believe it is not as the experience also of the united states as shown is not so easy to deport a large number of people you know the cecille odjick all data shows stat if italy were to go down remaining in the european union last in the house of all italians would support staying in. the percentage is actually lower than in the u.k. which is actually leaving and the two major parties that form the current government are skeptics can we expect that italy will also leave inspired by united kingdom or will italy drop the idea learning from the brics it mess. you know there was a there was a survey a few months ago showing that the only forty five percent of people wanted to stay in the european union this is how this survey was reported there are parts however didn't all say that only twenty three per cent wanted to leave so there was simply a very large number of people who had no i don't know so the question now or do you
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know have a very firm view i think that if that were. and the other surprising thing of that of the survey is that the majority of people actually wanted to continue to use the euro which is sort of being consistent with the fog that the majority of the no one to the kind of say the majority want to stay only forty four percent want that to stay it will stay there and i think much already because those who wanted to and he was only twenty three percent i believe that the majority of people definitely in a thirty want to stay in they you are an authority that you will be a your question is whether they want to do the things that will be necessary for example in terms of a public it comes to they whether whether whether they want to do the things that will be staying in the you are the problem how where are your truth is not the water is happening to us through europe but the difficulty that the that he saw
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ferdie in the first ten years soft and into that you are and now we are sort of catching up about where the fire away from where we should be suggesting his recent visit to war so sad that a european spring is coming to an end and it's going to and the german french axis in here and that italy and poland are expected to be the vanguard of states change that's noble but german french ties in europe aren't based totally on german and french desires but rather on the strength of their economies can a deal in poland really pulled away compared to the powerhouses of europe. you see as the. we defeat why the for. the ball and then even. smaller countries can you do me. a major difference in terms of moving you open your sort of direction they can where very bead movement that for example france
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and germany would like to have in another direction so i see this kind of coalition as something that can stop change rather than promoting change it into the action for example disadvantaged would like to get all of this however the spam used on a big question mark how well the nationalities the movements that we do in the european into indo-european actions honestly from water you read in the newspapers in the service he seems to me that is difficult to it is difficult to believe that there would be a u a pm bottom and donated by the nationalistic forces but they can and they can strengthen themselves quite off with respect to the past and in this way they can prevent the kind of change that france and germany would like to have the feel that the same to meant that boss about the current leaders in poland austria-hungary i mean this year a skeptic wave will it really be enough like saudi any cess to change gear up is
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everyone in here are dreaming about a government like italy's or pollens. no i think that is good as is the these guys and of movements and these. are european forces on nationalistic forces i think they can stop the changer but i don't think they came from the meant that he changes the nature of the european union as they do extremely well in the european there in the european elections one thing however that ortiz happening. ease a two or three speed you open so it's possible that one point for germany if you are that gun trees decide to move ahead. with. they came together eight thirty for example and they bring to it to a different level they kind of integration that's that's possible saw paula will not prevail in change by will not be part of the change that's another scenario mr
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selby me and mr dimaio have been dragging french officials into a war of words invoking cream here of colonial past do you think it might end there and weak position at home undermined by the yellow vests protests could plain to sell beanies hands. but. those vini and the mio they. mark on this week this would be their strength so it's these other docs from france i don't think. used to also because they lost one of the most recent one about these. and in the end they're all of the c.f.a. francona. was not understood by italian people first of all and did not have the substantive baze it i think it was just i think if i start
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moving perhaps they don't even understand what the war sure that was it was in may you a blonde who stayed true to what doc frowns on these days that he first saw you way and. venial be my day see. in trouble because all. she does your own death can actually help in a new way this has already have a cell genie and the raw you because a. brussels aat that you would be added to the tickle me shown towards the when there was a dish of discussing a deficit for next year for d.c.i. and next year perhaps it was already there because a war was happening in france and because of the fact that because of the decision . because of my cause the sea shown to raise the deficit this spending to spend
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more and raise the debt. in two thousand and nineteen so we already see some consequences of the trouble that macaulay's having these on country so i guess that sounds meenie hailed the yellow best anti-government movement in france a success and saying that there's was actually no that was actually that was actually more of the five star movement heard so many actually sad. that france doesn't deserve a president who is again so. he says she supports the people and he she doesn't like because she said against his nation so. the question ease with the budgetary defeat in italy does risk running into its own yellow vest problem. but all the yellowjackets they hear they showed that you know way that way they empower anita so i don't think they are going to be any the best place for a need that from that point there we go this ice so i met he said these high level
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represent that the all of the if i stop woman is then they told me if it were all to for us we would have people in the streets or we would have the relational i mean this thing that they need to live and they said my answer was where the are to call them is so we have this or that your god that's the make much of a difference right it's. all right well thank you very much for this interview and for an insight of whatever is going on in your beautiful country good luck with everything we were talking to look at that elite elise former interim prime minister and former head of the international monetary fund discussing fears of yet another here a zone crisis and elease troubles relations with the e.u. that's it for this edition of stuff and call see you next time.
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good holds and you should. put themselves on the line. to get accepted or rejected . so you want to be thrust into. some who want to be rich. but you're going to be rich that's what the four three of the four can be good for . i'm interested always in the water using. less should be moving. but it's rather stand here for most of the. they're all. over them with a small. amount of goods that armor are more trophies and there are rather rough weather on the floor for them to care that.
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i'm going to let them but i don't catch and then you cut them and kick and nail i don't lose each other for truffle not that i live in that make up. the blood then i'm on my machine little subtle it does the other thing they own a lot of the. members of the hay a lot of. good for its whole food place choice where you got the i knew where you're from and pay on time in syria says. british. civil. law for the name after a couple from mr heathcote for jim and then boy for hope that are fairly in your court.
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when else shows seem wrong. when old rules just don't hold. any longer yet to shape our distinctions becomes to educate and in detroit equals betrayal. when so many find themselves worlds apart we choose to look for common ground. because the swarms of the blue of them so moving. to build your school or local was before. much of those who heard the preview or was fewer movies to see him with the north we will. move the bulk move but it. will show you that look beautiful live look i mean it's going to look good. more
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muslim also these girls will give you films for good girls. to go to shows a look but look you're sure you want your piece will be stored to go. to start ups to hold off some to continue to fill it with a little mist dates to look at is it. just the schneiders test or just you know it's the mashed old truck stop the president and please introduce more students. as we are for tissues to toast listening to snippets almost when you look at the us the girls are with you sir your supporters to your shoes sure mr you should put dorothy was do you do the request.
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