Scusate ma riguardo al fiscal compact l' economista intervistato da report dice cose diverse , ascoltatelo con attenzione.
http://www.youtube.com/watch?feature=pl ... 5NN1A_Viug
E anche wikipedia dice sostanzialmente le stesse cose
Fiscal Compact (Title III)
Balanced budget rule: General government budgets shall be "balanced" or in surplus. The treaty defines a balanced budget as a general budget deficit less than 3.0% of the gross domestic product (GDP), and a structural deficit of less than 1.0% of GDP if the debt-to-GDP ratio is significantly below 60% – or else it shall be below 0.5% of GDP.
This rule is based upon the existing country-specific Medium-Term budgetary Objective's (MTO)'s, which were introduced by the preventive arm of the Stability and Growth Pact (SGP) in 2005, with an upper limit for structural deficits at 1.0% of GDP applying to all Eurozone and ERM-II member states. The Fiscal Compact introduced a varying upper limit which depends on the debt-level of the state. When comparing the new MTO rule with existing SGP MTOs in 2012 for all EU member states, only Hungary and the UK would have been subject to the stricter MTO at 0.5% of GDP had they been bound by the fiscal provision of the treaty.[44]
Debt brake rule: Member States whose government debt-to-GDP ratio exceeds the 60% reference level, shall reduce it at an average rate of at least one twentieth (5%) per year of the exceeded percentage points, where the calculated average period shall be either the 3-year period covering the last fiscal year and forecasts for the current and next year' or the last three fiscal years. For example, if the debt-to-GDP ratio is 80% in the year preceding the last year, then it should for the period covering the last year and the subsequent two years decline with at least: 1/20 * 20% = 1.0 percentage point per year, resulting in a ratio below 77.0% three years later. This debt rule has already been formulated as law under EU Regulation 1467/97, which was amended by the EU six pack of reforms. As it is also an essential part of the Treaty on Stability, the signatories are encouraged to refer to EU Regulation 1467/97 when they implement the rule into domestic law. The new strict debt brake rule entered into force at the EU level on 13 December 2011. However, all 23 out of 27 EU Member States with an ongoing EDP in November 2011 are granted a 3-year exemption to comply with the debt brake rule, which will start in the year where the member state manages to get their current EDP abrogated. For example, this means that Ireland will only be obliged to comply with the debt brake rule in 2019, if they -as currently expected- manage to correct their EDP in 2015 (with a subsequent abrogation of the EDP in 2016).[45] During the years where the 23 out of 27 EU member states are exempted to comply with the new debt brake rule, they will still be obliged to comply with the "old debt brake rule" that requires debt-to-GDP ratios in excess of 60% to be "sufficiently diminished" – meaning it must approach the 60% reference value at a satisfactory pace in the three-year period covering the most recent fiscal year and the forecasts for the current and subsequent year. Only when debt levels stay below 60% of GDP, they are allowed to increase on a yearly basis.
Automatic correction mechanism: If it becomes clear that the fiscal reality does not comply with the "balanced budget rule" or "debt brake rule", an automatic correction mechanism should be triggered. The exact implementation of this mechanism will be defined individually by each Member State, but it has to comply with the basic principles outlined by the European Commission's directive published in June 2012. This directive also contains common principles for the role and independence of institutions (such as a Fiscal Advisory Council) responsible at national level for monitoring the observance of the rules, which is one of the key elements to ensure that the "automatic correction mechanism" will actually work.[9]
Correction of deficit/debt deviations: If a deviation is discovered, the automatic correction mechanism shall immediately correct the situation, unless the deviation has been caused by "extraordinary events outside control of the Member State" or the arrival of a severe economic downturn. Member States which were already subject to an "Excessive Deficit Procedure" (EDP) in November 2011 do not immediately have to start correcting the figures down to the treaty limits, but have to comply with the "adjustment path" towards reaching their country-specific Medium-Term budgetary Objective (MTO), as outlined in its latest Stability/Convergence report, which each year by the end of May is subject to approval by the European Commission. The adjustment path towards reaching a MTO shall at minimum entail annual structural deficit improvements of 0.5% of GDP. The MTO depicts the maximum average structural deficit per year the country can afford, when targeting that the debt-to-GDP ratios shall be below 60% by the latest in 2030, while also including the need each year for conducting early continuous savings to meet the challenge of increased age-related costs throughout the next fifty years.[clarify][44][46].
In pratica questo famoso 5 % lo si deve calcolare su grandezze nominali tenendo conto dell' inflazione e della crescita del pil
Messa così fa indubbiamente meno paura.
Come dire siamo messi male ma non siamo morti.