Piigs

2017, Documentary, Current Affairs

A documentary that challenges prevalent European budgetary policies and the austerity dogma. Specifically, austerity policies keep dividing the continent into winners and losers, creating a great amount of suffering in the process. Consequently, the whole European project has come into doubt. The documentary features Noam Chomsky, Stephanie Kelton (Chief Economist for US Senate Budget Committee), Warren Mosler (post-Keynesian economist), Paul De Grauwe (Professor London School of Economics), Yanis Varoufakis (ex Greek Minister of Finance), Marshall Auerback (Research associate, Levy Economics Institute), Erri De Luca (Italian novelist) and Federico Rampini (Italian journalist) among others.

Original title: Piigs
International title: Piigs
Country: Italy
Duration: 52/70
Language: Italian
Director: Mirko Melchiorre, Adriano Cutraro, Federico Greco
Production company: Studio Zabalik (producer), Berta Film (executive producer)

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Did you know that the famous god-like Stability and Growth Pact with its 3% deficit limit and theories about critical government debt levels are based on purely invented figures and typing errors in Excel spreadsheet? However, austerity policies keep on dividing the continent into winners and loosers, creating great amount of suffering, particularly in so-called crisis countries. Consequently, the whole European project has become in doubt.

The documentary features Noam Chomsky, Stephanie Kelton (Chief Economist for US Senate Budget Committee), Warren Mosler (post-Keynesian economist), Paul De Grauwe (Professor London School of Economics), Yanis Varoufakis (ex Greek Minister of Finance), Marshall Auerback (Research associate, Levy Economics Institute), Erri De Luca (Italian novelist) and Federico Rampini (Italian journalist) among others.