“Debt burned without a return for the community”
“Yesterday, after several weeks of asking for answers, the Finance Secretary, Marco Gatti, clarified, at my request at ‘Palazzo Pubblico’ on Rtv, that the 340 million foreign debt and the 150 million bridging loan were used for spending current, to maintain the level of system liquidity, to support the banks and that a short time more debt will be made “.
Bad debt, underlines Ciacci, “is what takes money out of your pockets”, while “good debt is what ultimately gives you more than what you borrowed because it was used well”.
“Entrepreneurs know the concept well and always find to do good, what helps them to earn a future economic benefit that has a significantly greater value than that of the financing and the interest to be paid to repay – the party secretary remarks. -. Our state should make investments, development plans and structural reforms to make the debt incurred sustainable, especially for a small company like ours. Financial commitments, i.e. debts, to be repaid by generations e we are risking wasting money and time“.
“It continues to ask that every euro spent on debt be reported in total transparency and spent on investments. We must look to the future, leaving something tangible to future generations “, says Ciacci.
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