La Francia attacca l'Italia sulla Cina. But she's the first to do business with us

There is a risk of a new diplomatic crisis between Italy and France. And this time it's about China, or better, the New Silk Road. The possible signing of the Memorandum of Understanding between the Italian and Chinese governments has raised a fuss that does not only concern relations between the United States and Italy, but also between Italy and European partners. And as usual it is Paris that accounts for the "lion's share" of those who strike (or they want to strike) Italian interests.
As reported by The Sheet, the same newspaper "came into possession of the draft of the speech given by the French Economy Minister, Bruno Le Maire, he pronounced at the opening of the Global Market Conference of the JP Morgan bank in Paris, accompanied by notes from his cabinet” In this speech, Italy itself ended up in the crosshairs, guilty, according to the minister, of being an element of destabilization of the European Union and the Western economic system.

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Euro: who are the Italians who have enriched themselves with austerity

Of Paolo Becchi e Giovanni Zibordi
Source: Paolo Becchi

Over the last ten years, Italy's GDP has increased by 100 billion. Bit, very little, let's talk about the "nominal" GDP, i.e. the value of the annual product in euros, which also includes the effect of inflation. Financial wealth (money, conti, titles, policies) instead it increased by 1,100 billion, ten times as much. Before the introduction of the euro, thanks also to inflation, Nominal GDP often increased by as much as 7 o 8% per year and even in the first years of the euro it grew by 4 o 5% the year.

This obviously made all the debt more sustainable, that property prices would also rise, that there were few “rotten” loans in the bank. Dal 2008 instead there were four years in which the GDP (inclusive of inflation) it dropped and after ten years it has barely risen since 1,630 a 1,730 billion.

Wealth in euros in the bank instead, after initially descending on the 3,200 around the 2009 has started to increase again 1,100 billion, and now it's about 4,300 billion. This is because the values ​​of securities have increased on the markets thanks to the ECB's policies and because Italians have saved much more.

Italians have net wealth (net of debts) per capita among the highest in the world, higher than the Germans and English and slightly higher also than that of the French. This financial wealth figure shows one thing: It's not true that everything has gone wrong in recent years, a part of the population, the wealthier and older one did not suffer too much. If we talk about real estate wealth, yes, in Italy property values ​​dropped and never recovered. Read More

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L'euro fa male alla salute (of Italians)

by Roberto PECCHIOLI Freedom is not being up a tree, it's not even the flight of a fly, sang Giorgio Gaber. Freedom is participation, he concluded, but it is also, we underline, information. The one that is missing in Italy and Europe and when it arrives is hidden like dust under the carpet. It is the fate that has been touched, because of the "big" press...

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source – https://www.maurizioblondet.it/leuro-fa-male-alla-salute-degli-italiani/

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Sanctions on Russia, serious damage to our agriculture

Roma, 6 Mar – Sanctions on Russia they hurt. That's how they hurt. Even Italian farmers know this well, whose exports to the president's country Putin have suffered a severe blow after the Russian government, to react to the unfortunate measures also adopted by the EU in response to the Ukraine crisis, he established, In the 2014, the ban on the import of a large number of agri-food products from the EU, Usa, Canada, Norway and Australia.

The result, better to say the photograph of the damage caused to our agriculture by a measure, that of Western sanctions on Russia on paper it lasted one year and is still in force, is summarized in the numbers provided in recent days by the Confagricoltura Study Center. Really heavy numbers: five years of sanctions invoked, blessed, ratified by you Macron e Merkel on duty and supinely accepted by our national governments, they cost (every year) very expensive. Since the entry into force of the ban on the import of many agricultural and food industry products from EU countries, the annual value of Italian exports of sector (comparing the 2018 on the 2013) is in fact reduced by 153 million euros. Read More

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Banks and EU blackmail, Becchi: “Finally the truth. Now it's up to the government."

″At the time of the introduction of the bail-in in Italy everyone was against it. The minister at the time was Saccomanni who was practically blackmailed by the German Finance Minister with the threat that if Italy did not accept the new system the news would spread that our banking system was close to bankruptcy". The Minister of Economy Giovanni Tria said this while speaking at a hearing at the Senate Finance Commission. "I don't see the possibility that it can be abolished in the short term", Tria clarified, explaining that he had used an "evocative but unfortunate" expression. The bail-in provides that, in the event of a serious banking crisis, the Bank of Italy can activate measures for an internal rescue, that is, calling the shareholders into question, the bondholders and even the account holders of the bank itself. In practice using taxpayers' money and limiting the possibilities of state intervention. The philosopher Paolo Becchi he recently published his latest book, Sovereign Italy, which tells of how Italy has gradually lost its sovereignty in favor of European bureaucracies. Il Speciale interviewed him.
You heard Minister Tria's statements? As he comments?
This is nothing new unfortunately, We have been under the blackmail of the markets for years now, of the European Central Bank and above all of Germany. We saw it in 2011, when an elected government was brought down through the weapon of the spread dto citizens to replace it with another imposed by Brussels. So nothing new under the sun. To Tria's credit he was extremely transparent about this. This is news that he could have kept confidential and instead wanted to make public. This does him credit.". Read More

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"Salvare l'euro fino alla morte" dell'ultimo italiano

Now even the Huffington Post has given the news, which is “pro-European” Thanks to the single currency in 20 years every German has earned 23 thousand euros, every Italian has lost them 75 thousand This is what emerges from the report “20 Euro years: winners and losers”, del think tank Cep (Centre for European Policy) in Friburgo. According to the study, the problem of…

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source – https://www.maurizioblondet.it/salvare-leuro-fgino-alla-morte-dellultimo-italiano/

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Trump, Putin and Salvini make Prodi sleepless…

 
«Let's be careful because there is a crisis of democracy all over the world». He's the one speaking. Romano Prodi, from a conference in Naples, he goes back to being a Professor, forgetting that for years he was Prime Minister and President of the European Commission. If Italy is in recession today it is also due to the policies that the…
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SOURCE – http://www.secoloditalia.it/2019/02/prodi-esce-dal-letargo-e-attacca-m5s-e-sovranisti-la-democrazia-e-in-pericolo/?utm_source=dlvr.it&utm_medium=facebook

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The big lie of austerity: the Portuguese lesson

Lisbon, 23 Feb – After the great crisis of 2008 which brought the economies of the Western world to the brink of collapse, we were told that the only possible answer, inevitable and necessary, was to take the path of public spending cuts and sacrifices, in one word austerity.

Every nation has seen cuts to public services, salary reductions, freezing of pension increases and wild privatization of state-owned companies or assets.

The damage of austerity

Portugal was not saved from this fate, one of the countries most affected by the profound economic crisis, that in 2011 was forced to resort to the Bailout program of the International Monetary Fund, that is, finding itself unable to finance its public debt, Portugal obtained from the Troika (that is, the European Commission and the European Central Bank in addition to the aforementioned IMF) and loan of 78 billions of euros, in exchange for a discounta drastic reduction in public spending and a significant cut in wages and pensions.
In the space of just two years, the government led by Pedro Passos Coelho at the head of a strongly pro-European coalition made up of social democrats and popular people, he cut funding for education, health and social services of almost the 20%. Obviously the lack of investment and trust, combined with the deterioration of living conditions it has further worsened the situation. Unemployment has reached peaks of 17,5%, the poverty rate has grown dramatically and the number of insolvent businesses forced to close has increased at the rate of 40% per year. Read More

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TWENTY YEARS OF EUROS – in two graphs by Jacques Sapir

Italy has seen both IMPoRT and EXPORT decline with the euro area, and a worsening of its net balance. Therefore the euro did not serve to increase trade; but the euro was not supposed to complete the single market? This also happened in other eurozone countries. In all cases, countries have seen a decline in the weight of imports and exports to the euro area as a percentage of GDP. In short, in NO CASE has the creation of the euro led to greater trade and greater interdependence. On the contrary, led to the opposite effect (Economic Scenarios).

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source – https://www.maurizioblondet.it/ventanni-di-euro-in-due-grafici-di-jacques-sapir/

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