debt

IT IS THE CENTRAL BANKS THAT DETERMINE THE COST OF THE DEBT AND NOT THE MARKETS

10 October 2018 by admin

Reporting of Pietro Ferrari
HERE IS THE DEMONSTRATION
Of First Gonzaga
( Savona is right. Without ECB reform any effort is in vain)
Two very simple considerations whose consequences have fundamental importance in the economy of the EU states and in this case, of Italy and Germany .
Microeconomic level: an investor who buys German 10-year Bunds (they are the equivalent of the BTP) every have loses approx 1,5 % of its capital. In fact it has a yield of 0,5% but inflation in Germany is at 2% and therefore has a negative real return. On the contrary, an investor who buys a ten-year BTP today earns approximately 1,4% annual. In fact the BTP pays the 2,972% of interest but inflation in Italy and the 1.6% . In this case the real return is positive.
Macroeconomic level: At the state level, obviously the reasoning is reversed, the German state sees its debt reduce every year due to the negative differential between interest rates and inflation. The Italian State on the contrary, having to pay a positive real interest, sees its debt grow inexorably. Read More

Actuality | CLEAN HANDS

Morandi Bridge, from 'absolute stability' to 'intense degradation'

16 August 2018 by admin

REPORT
…So Autostrade changed to soli 2 years the judgment in the official reports
In the 2009 Motorways for Italy “has repeatedly provided guarantees” about the “presumed old age” of the structure, That “it just needs, like all works of a certain importance, of constant ordinary maintenance”. In the 2011 the work is described, Instead, come “subjected to enormous stress” and for this reason “subject to continuous maintenance for years”. The evolution in two subsequent reports from the company that has the concession for the viaduct
Of Marco Pasciuti
An infrastructure characterized in 2009 and "absolute safetye stability“, on which the company "has repeatedly provided guarantees". That's just two years later, In the 2011, is described as being afflicted with “intense degradation” and has therefore been “the subject of a for years continuous maintenance“. It's the way in alone 24 months the judgment of Motorways for Italy on the Morandi bridge, collapsed yesterday in Genoa causing the death of at least 37 people.
The theme is that of the construction of Western Gronda, new motorway section capable of guaranteeing the doubling of the existing A10 in the section crossing the municipality of Genoa, from Val Polcevera to the town of Vesima. A link road that is part of the project to improve the traffic of the capital, intended for projects Apsi – which has the A10 motorway under concession, she takes care of its maintenance and has come under fire in the hours following the tragedy – to “improve traffic conditions on the existing network”, “support economic growth”, “improve the road safety” and “offer an alternative to the only Ligurian motorway axis”. A topic that triggers a bitter political confrontation, which merged nine years ago into a participatory democracy project: il public debate held in the capital between February 1st and 30 April 2009. Read More

Actuality | Non-fiction

Help them at home?

15 July 2018 by admin

Image results for stop immigration Blog report by Maurizio Blondet
Of Ilaria Bifarini
Where did the billions of dollars of aid to Africa go??
Huge loans from international financial organizations, significant relief from state debt, funds raised by private initiatives, who mobilized everyone, from individual Western citizens through organized forms of charity to show business stars, who worked for the rights of the weakest through concerts and performances.
Rivers of billions of dollars that do not seem to have made any dent in the problem of underdevelopment and endemic poverty in the Third World. On the contrary. It was found that, since the mid-1990s, circa 60 developing countries have become poorer in terms of per capita income than 15 years before. By 2030 two-thirds of the world's poor will come from Africa.
Africa is therefore increasingly poor, but of a new poverty compared to that of the colonial past. In fact, the African continent includes the countries with the highest levels of inequality in the world, in which the gap between a small elite dedicated to luxury and the rest of the population living in a state of poverty is abysmal.
So, what didn't work? Where have the rivers of billions of dollars gone? Read More

Actuality | events

Italia laboratorio politico che smuove l'Europa

19 June 2018 by admin

Eurointelligence – The CDU/CSU is in open revolt against Merkel

“Pwe really think that the Greeks and Italians will continue in the established tradition of negotiating bad deals that are unfavorable to them?”
Of Saint Simon - June 16, 2018
There is a government crisis in Germany, due to the conflict between Interior Minister Horst Seehofer, president of the Bavarian Catholic Democratic Party CSU, and Chancellor Angela Merkel. The object of the conflict is immigration policy: Seehofer, in view of the October elections in Bavaria - the southern border of Germany on which the Mediterranean and Balkan routes converge - he would like the total rejection of refugees already registered in other EU countries at the borders; Merkel is seeking a softer approach so as not to exacerbate tensions in the European countries on the external border, and now it finds itself in the difficult position of depending on bilateral agreements with the Italians and Greeks for its political survival. He will probably try to offer large concessions in exchange, but in any case it would only postpone the showdown: Immigration continues to be the potential explosion of the shaky European balance. And Eurointelligence.
of the editorial team, Thursday 14 June 2018. Read More