Dr. David Costa – Dean’s Interview on CNBC: Overlook of banking and Italy


Italy to submit budget to the European Commission
Last Wednesday the Italian Government has approved a number of measures that will allow Italy to keep
the budget deficit inside the 3%. These measure worth 1.6 billion are comprised of 1.1 billion 
in spending cuts by government and local authorities and 500 million in the sales of public buildings.
The target of the Government is a 2.9% budget deficit vs. a 3% of 2012.
The Government objective remains to cut spending and taxes at the same time with emphasis on cutting
payroll taxes to increase competitiveness and improve salaries. 
In my view Italy benefits from several competitive advantages (notably the made in Italy) but has to find
a way to maintain and enhance competitiveness particularly for small and medium size companies where 
access to credit can improve. 

Dr. iur. David Costa

David Costa is Dean of Faculty and one of the founders of Robert Kennedy College. In his capacity as Dean, Dr. Costa oversees the faculty review process and several of the academic programmes of the college. Dr. Costa holds a Dr. iur. (Doctor Iuris, Doctor of Law) degree from the University of Basel, Switzerland where he researched the law and regulations related to synthetic investment products. Dr. Costa lectures in the area of Investment Law and Money Management, and is a frequent guest on business television channels such as CNBC Europe and Bloomberg Television.

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