MMT Falsi Miti 1

The document discusses the current account balances of several European countries from 1996-2011. It shows that countries like Germany and France generally maintained balanced current accounts, while southern countries like Portugal, Italy, Ireland, Greece and Spain often had current account deficits, especially in the late 1990s and 2000s. The document also discusses myths around Italy's public debt, noting that in the past Italy's large public spending created wealth and jobs for citizens through activities like infrastructure development and supporting major companies.