Actuality | National Economy

Italy challenges the EU with Marshall plan from 82 billion
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Italy challenges the EU with Marshall plan from 82 billionReport Wall Street Italia
After the collapse of the Morandi Bridge, which resulted in the death of at least 43 people, the Conte government has developed a maxi investment plan from 82 billion to renew Italian infrastructure.
Shortly after the collapse of the A10 viaduct in Genoa, the Minister of the Interior Matteo Salvini, leader of the League, attributed the responsibility for the catastrophe to the austerity policies imposed by the EU.
From there the idea of ​​the yellow-green government was born: invest all the money necessary to ensure the safety of the roads, of the railways, of schools, of hospitals, regardless of the limits of the budget constraints deemed "crazy" by Salvini and other Euro-skeptical representatives of the majority.
At the same time the EU denied any culpability, recalling that the European Commission had actually assigned 2,5 billions of euros in subsidies to Italy between 2014 and the 2020 within the framework of piano Juncker aimed precisely at financing works to improve infrastructure or create new structures.
An investment project from 82 billions of euros

After the tragedy of Genoa the Minister of Finance Giovanni Tria, which so far has shown itself to be relatively accommodating towards Europe, he mentioned the so-called “golden rule” dear to former Prime Minister Gordon Brown and urged the national authorities and his colleagues to put in place an ambitious plan to renew the country's transport system and infrastructure, without dealing with the Italian budget deficit.
By resorting to the golden rule, the government temporarily authorizes itself to exceed budget constraints, but limited to investment expenses. The Italian coalition wants to take back the project of the previous government led by Prime Minister Gentiloni, which he predicted 82 billions of euros of long-term investments.
But the government's strategy for dealing with these huge expenses is not yet known.
Source: http://www.wallstreetitalia.com/italia-sfida-ue-con-piano-marshall-da-82-miliardi/?utm_source=newsletter&utm_medium=email&utm_campaign=Newsletter:+WallStreetItalia&utm_content=23-08-2018+italia-sfida-la-ue-con-piano-marshall-da-82-miliardi+primo-piano

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Actuality | National Economy

Così Berlino ci espellerà dall'euro
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SO BERLIN WILL EXPECT US FROM THE EURO

COSI’ BERLIN WILL EXPEL US’ DALLL’EURO

It's done: the German government is implementing the exit from the euro. “Stealthy” exit, like the definition François Asselineau, economist, senior ECB official, President of the Republican Popular Union. Not only that: they decided to take action after the Italian elections, and against “sovereignist” Italy. In fact, the idea has been around for months in Germany, and the "economists from...
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National Economy

Tax: in August over a million tax bills were suspended
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Tax dayReport Wall street Italia
Beyond 1 million le tax bills which are suspended in August. This was announced by the Revenue Agency and the Revenue-Collection Agency, in agreement with the Ministry of Economy and Finance which thus suspends the notification of more than one million tax bills, liquidation notices, requests for documentation and compliance letters.
It's about, in particular, we read in a MEF press release, of approximately 650 thousand communications from the Revenue Agency and approximately 450 thousand notices from Collection, which would have been delivered in August. No stops, Instead, for all so-called mandatory acts and which will therefore have to be sent anyway. The notification of all "frozen" documents will resume at the end of the weeks of suspension, during which, however, the ordinary activities of the structures of both Agencies will continue without interruption.

  • requests to intermediaries and taxpayers to produce documents relating to the formal control of tax returns on data relating to deductions, deductions and withholdings indicated in the declaration (these can be produced by next October 1st)
  • compliance letters relating to various types of income, for the tax year 2014, through which the Agency allows taxpayers to independently remedy any errors or omissions on declared income with reduced penalties

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National Economy | Policy

Message from Minister Paolo Savona to Confindustria
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Image results for Minister Paolo Savonaof the Minister for European Affairs Paolo Savona

Signor President of Confindustria, Lord and Gentlemen,

the date of 27 June, day before the Council of Europe, has proven to be an obstacle to fulfilling my commitment to attend this meeting. At this very moment I am in the Chamber to gather the will of the Deputies on the position that the Government, through its President, will take over at the next summit of 28-29.

Nonetheless, I want it to come to this meeting, together with my apologies for the involuntary absence, a short message from me.

1° The Chapter 2 of the Report on “How and why to strengthen Europe” is the best most recent analysis I have read on the subject. I feared that this topic could not even be discussed in Italy and reading the document reassured me and encouraged me to address the problems under discussion in Brussels by leaving the ccontingent and framing them in the need and urgency of changes in institutional architecturealand dell’EU. Congratulations therefore to the authors of the Chapter and to the Presidency who wanted this meeting-debate.

2° The first, the third and fourth blocks of theIntroduction contain a summary of the contents of the European matters waiting to be regulated. They are therefore an excellent agenda of the choices that must be made. Obviously it doesn't mean that I agree with all the initiatives proposed as a solution, but if we agree on the objectives, an agreement can be found on the technical tools. Read More

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Actuality | National Economy

L'euro spopola. Literally (it's called genocide)
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THE EURO IS POPULATING. LITERALLY ( It's called genocide)

THE EURO IS POPULATING. LITERALLY ( It's called genocide)

The euro is all the rage. Poor countries. An imperfect monetary union that fixes exchange rates, makes demographics flexible. A report from the European Commission reports that Greece will lose the 20% of its population, due to the double result of the decline in the birth rate and the very strong emigration - in turn due to the economic crisis imposed by the punitive German "cure" ...
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Actuality | National Economy

Central banks are walking on eggshells. QE may not end…
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Of Maurizio Blondet

Central banks are walking on eggshells. QE may not end.

Remember the title of the Manifesto? It was a few days ago: “The fun is over!”, he titled. The "communist" newspaper rejoiced because the European Central Bank had announced that "purchases of public debt will be canceled in December", and therefore the interest on the debt that financial speculation would have demanded from Italy would have been so high, to make the government fail...
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Actuality | National Economy

In the Def stop VAT increase, resources from tax amnesties and spending cuts
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In the Def stop to VAT increase, resources from tax amnesties and spending cutsReport Wall Street italia
Of Mariangela Tessa

018, Of Mariangela Tessa
Stop the increases in VAT and excise duties and propose the new public finance framework "quickly"., in compliance with the "European commitments on the 2018-2019 balances" but identifying the "priority interventions" in line with the programmatic indications of the speech for trust. This is what we read in the draft majority resolution on Def, which will be in the Chamber on 19 June.
Without interventions, the VAT increase will come into force from January 1st 2019, passing from 22% al 24,2%. According to rumors it is a 'light' version, at the moment the 'favorite', but it is not yet completely excluded that it could be integrated with some programmatic indications.
But how to avoid the VAT increase? According to reports The Republic:

“It's about catching up 12,4 billion to replace the so-called “escape clause” with fresh resources. The measures should be divided into four directions and follow, for now, the traditional trajectory of Italy's economic policy. In addition to spending reviews and cutting tax breaks, two difficult terrains on which many governments have run aground, part of the resources should come from the fight against tax evasion. The new ingredient will be the so-called “fiscal peace”: in fact a re-edition of the scrapping which should concern Irpef, IRES and contributions Inps. The operation, which will affect businesses and families, should be scaled with higher discounts for the lowest levels of tax debts".
Then there is the issue of flexibility on the deficit, raising the bar to 1.5% of Pil compared to the current forecast of 0,8%. Hence the need to address the issue at a European level, probably already in the Eurogroup and in the Ecofin planned on 21 and the 22 in Luxembourg.

As for instead the increase in excise duties (Petrol prices in Italy have reached the point of breaking through 2 euros per liter in some geographical areas) il Codacons has requested urgent intervention by the new M5S and Lega executive, which had declared in the government contract that it wanted to eliminate the anachronistic components of the excise duties on petrol.

“The Government had promised an intervention on the excise duties on fuels, but so far no measures in this regard have been announced – he declared Carlo Rienzi, president of Codacons – . Salvini and Di Maio must intervene urgently because increases and speculation on fuel have negative consequences on the entire national economy. Just think that without the burden of taxes, Italy falls from second to 17th place in Europe due to high diesel prices”.
http://www.wallstreetitalia.com/nel-def-stop-ad-aumento-iva-risorse-da-condoni-fiscali-e-tagli-alle-spese/?utm_source=newsletter&utm_medium=email&utm_campaign=Newsletter:+WallStreetItalia&utm_content=13-06-2018+nel-def-stop-ad-aumento-iva-risorse-da-condoni-fiscali-e-tagli-spese+primo-piano

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Actuality | National Economy

Overtaking Greek stocks, Becchi speaks: “They want to create another 2011”
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Interview with Prof. Paolo Becchi on The Special, 08/06/2018
Italy overtaken by Greece on government bonds, in May 38 billions have left the country. Whose fault is it?? Of the no euros? The philosopher Paolo Becchi interviewed by The Special he seems to have had an idea. At least on short-term deadlines, Greek government bonds have started to offer a lower yield than Italian ones. The hunt for the culprit is inevitable. Defendant number one? The Conte government and its economic policy labeled "confusing and contradictory" by the media.

→LEGGI L’INTERVISTA←
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