Censis, Italians do not risk – BBC

The

Milan , December 4, 2015 – 11:22

     
     
 

A Country ‘hibernating collective existential” and “low self-propulsion, does not find the taste of risk “, describes Italy the 49th Annual Report of Censis presented Friday in Rome. If anything between investment returns brick, which this year has begun to attract resources, as demonstrated by the boom in mortgage applications (+ 94.3% in January-October 2015 compared to the same period of 2014) and the trend in real estate transactions (+ 6.6% of house sales in the second quarter of 2015 compared to the same period last year). “In the Italy of the” zero point “in which short-term changes in economic indicators are still minimal, continues to inflate the bubble of precautionary savings and will not turn back the risk appetite,” writes the report.

“A collective existential lethargy and the victory of reporting alone. There is today a dangerous interpretation of systemic poverty, planning for the future, drawing programmatic medium-term. Prevailing dynamics of opinion set in motion by what happens day to day, “writes the Censis. “They won the special interest, subjectivism, individual selfishness and do not mature collective values ​​and a unity of interests. They grow so inequalities, with a fall of social cohesion and the intermediate structures of representation that have over time guaranteed. This corresponds to a deep anthropological weakness, a collective existential lethargy, where the subjects (individuals, families, companies) are in a fenced secure mode, but inertia. In summary: a sort of “limbo Italic, made of halftones, half classes, means parties, half-ideas and half people.”

The value of financial assets of Italian totals over EUR 4,000 billion from June 2011 to June 2015 grew by 6.2%. In the years of crisis, the portfolio composition of household financial assets has sanctioned the move to an option “strongly defensive of Italian”: cash and bank deposits rose from 23.6% of the total in 2007 to 30.9% in 2014 while collapsed actions (from 31.8% to 23.7%) and bonds (from 17.6% to 10.8%). “In the last twelve months (June 2014-June 2015) confirms the option of cautionary Italian, an increase of 45 billion in liquidity (+ 6.3%) and 73 billion in insurance and pension funds (+9.4 %), and with the renewed contraction of stocks and shares (10 billion less, amounting to a reduction of 1.2%). “

The housing market recovery is accompanied by the tendency to make income housing stock: 560,000 Italians claim to have maintained a structure for tourists, as holiday homes or B & amp; breakfast, generating revenues estimated at around 6 billion euro, mostly submerged. In this phase, the? Need for reallocation of savings in a more functional to? Real economy is closely tied to the request to unfreeze shares of their income from taxation aspirated: 55.3% of Italians want the tax cut, even at the cost a reduction of public services.

4 December 2015 (amendment 4 December 2015 | 11:40)

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