Actuality | Non-fiction

States VS markets: here is the world to come
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Of Guido Salerno Aletta
States VS markets: here is the world to come
Source: Here
Dall’ Italy to China passing from Germany to the USA: not exactly mainstream conversation with l’ economist Guido Salerno Aletta (edited by Giacomo Gabellini)
For several days, general attention has been focused on the Economic and Financial Document (Def) launched by the Conte government, but the Italian case certainly does not represent the only factor destined to heavily influence the performance of the world economy, which is weighed down by numerous unknowns, starting from the explosive rise of China and the political line adopted by the Trump administration. We talked about all this with the economist Guido Salerno Aletta, former general director of the Ugo Bordoni Foundation and former deputy general secretary of Palazzo Chigi.
In his recent article, you expressed the opinion that the current confrontation between financial operators and the Italian government represents a battle of the great clash between States and markets. What led you to reach such a conclusion? How do you think this clash will evolve?? Read More

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Actuality | Non-fiction

Populism, sovereignism and billions to poverty... one can give oneself courage
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Of Rosanna Spadini
Populism, sovereignism and billions to poverty... one can give oneself courage
Source: Comedonchisciotte
At the beginning of the eighth chapter of “The Betrothed”, our Don Abbondio, what one cannot give oneself "courage", while he was casually reading a book, he happens to read the name of a philosopher by chance “Carneades who was he?”, which he knew nothing about, except that perhaps he had heard of it at least once along the way, useless course of his life.
Now we could say the same thing... what kind of animal is "politics".? A weeder that is disturbing just to mention, or a unicorn straight out of some sort of contemporary bestiary. If politics cannot be given courage, what is it for? Now it seems that the yellow/green government has plenty of courage, determined to free himself from the financial pockets he has been thrust into.
Demagogic maneuver said some barn owl on a media tour, forgetting that the DEF finally represented the affirmation of politics on finance, challenging the mesh of European vetoes and constraints, which have contributed to increasing the level of poverty in Italy, reduced to the bottom of the EU.
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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 | Non-fiction

Freedom is not free, nor politics
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Image results for ALBERTO BAGNAI

Of Alberto Bagnai

Before diving into reading the DEF, of which I should be rapporteur in the Special Commission […] I would like to remind one thing to all those whom this blog has taught to read reality with different eyes, to connect the dots into a coherent picture.
If you can listen today these words, o these words, that is, if you can feel represented in our institutions, if you can hope that words will be followed by deeds, if you have a reasonable and well-founded hope that our country will regain awareness of its dignity, and that institutions return to thinking in terms of national interest and not magical thinking, if this happened, you certainly owe it to Claudio's tenacity [Villages] and mine, to our willingness to fight for our country, for ours (that is, yours too) interest: this, naturally, it was a necessary condition.
However, it wouldn't have been enough.
So that these good ideas, although not particularly original, On the contrary, I would say: good precisely because they are not particularly original, to the limit of the tautological (an unsustainable monetary arrangement is unsustainable, Procyclical fiscal rules are procyclical), so that these ideas, I said, could be transformed into political practice, could reach the Palace, another junction was essential. The real turning point was the listening that Matteo Salvini gave to our message. What allows you to see yourselves represented in the Senate and the Chamber today was the intellectual humility and openness of spirit with which Salvini accepted, unlike everyone (that is, everyone) the other Italian politicians, to confront an alternative vision of the world. I add that even this would not have been enough.

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