Draghi

Attention, l'EUropa è obbligata ad istigare un golpe in Italia entro fine 2018

11 October 2018 by admin

The EU is in an existential crisis. Above all because of the enormous lies told in the past with the aim not of helping the various countries out of the crisis but rather of perpetrating the power in the hands of the Franco-German axis, with the aim of creating a supranational monster - the EU - capable of eventually replacing the USA in Europe, subservient to the interests of the dominant axis. A plan that dates back to the escape of the Nazis to South America 75 years ago; the revenge, as if it had been postponed to more propitious times.

The real problem is that the austerity imposed on the peripherals by 2009 It did NOT work and doesn't work, it only serves to drain wealth from the periphery to the center (the USA for example grows by 4% doing the perfect opposite). Greece is a textbook example: the IMF itself has recognized that austerity has done damage in Greece, that "they were wrong" in their calculations, that the fiscal multiplier was estimated badly with the result of collapsing the Greek economy without reducing the debt (has passed since 140% In the 2010 to approximately the 175% current, without the prospect of drastically reducing it for the next ones 20 years at least). Read More

Actuality | World Economy

"La BCE cesserà il Quantitative Easing"… But really?

6 September 2018 by admin

“The ECB will end Quantitative Easing”…But really?

All domestic and foreign adversaries have been announcing for months, with not even hidden enjoyment: soon Draghi will stop quantitative easing, that is, it stops buying public debt securities, and Italians will have to ask for loans "from the markets", that they will make him pay, to the Italians who voted badly. “The markets will teach Italians to vote”, these Oettingers, Commissioner…
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Actuality | CLEAN HANDS

Dragons in trouble: open investigation into his meetings with secret associations

4 September 2018 by admin

DRAGONS IN TROUBLE: OPEN INVESTIGATION INTO HIS MEETINGS WITH SECRET ASSOCIATIONS

The European Ombudsman has opened an investigation into Mario Draghi. At the request of Corporate Europe Observatory (the NGO that monitors large lobbies and conflicts of interest) the accession of the President of the ECB and the involvement of senior officials of the Institute in the Group of Thirty came under scrutiny, a private international group shrouded in absolute secrecy and opacity that deals with issues…
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National Economy | Policy

Message from Minister Paolo Savona to Confindustria

29 June 2018 by admin

Image results for Minister Paolo Savona of 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

Actuality | CLEAN HANDS

BEHIND THE SCENES/ Between spreads and bank crashes: that phone call from Draghi to Colle…

29 May 2018 by admin

Sergio Mattarella explained directly to Italians why he said no to Paolo Savona for the position of Minister of Economy, evoking the protection of savings.
FROM NICOLA BERTI

One cannot doubt the personal and institutional good faith of a President of the Republic like Sergio Mattarella: if he said on live TV that the birth of the Lega-M5S government with Paolo Savona in the Economy would put Italians' savings at risk, we must believe him and respect his choices. This is how a democracy works: Impeachment is fine for a president who betrays his country, not for one who assumes his ultimate responsibilities. And then the final opinion, at the Quirinale, it almost certainly came from the president of the ECB, Mario Draghi: chi, still today, he could have ignored it?

In the constitutional prerogatives of the Head of State there is the ultimate evaluation of what is good for the country: jurists confirm it and long experience says it. The fact remains that for the second time in seven years the Quirinale had to exercise this legitimate authority, but unequivocally exceptional: in both cases under the pressure of the worsening sovereign spread.

The resurgence of the emergency is the first and most important difference between Giorgio Napolitano's decisive intervention in 2011 on the Berlusconi and Mattarella governments last night against the Lega-M5s alliance: because in 2018 Italy is still at risk spread? In between there was the technocratic reformism of Mario Monti and then the five-year government of the Democratic Party: why the debt/GDP ratio remained critical, the former hasn't even been affected and the latter hasn't really been relaunched like elsewhere in Europe?

CONTINUE ON: http://www.ilsussidiario.net/News/Economia-e-Finanza/2018/5/28/DIETRO-LE-QUINTE-Fra-spread-e-crack-bancari-quella-telefonata-di-Draghi-al-Colle-/822893/ Read More

Actuality | Policy

THE EUROPEANS CALL FOR THE COUP – to save Democracy, obvious

23 May 2018 by admin

Of Maurizio Blondet
From what I understand, Mattarella doesn't want the ministers that the government alliance proposes to him. They say he keeps calling Draghi to get it, let's say, instructions or opinions: “Conti is fine?”. Draghi: For goodness sake, and who knows him. It’s incompetent. He's a technician (the media repeats: incompetent, too technical, he falsified his CV)

Mattarella: “They propose Paolo Savona to me, accept it? Draghi: “From bad to worse, that is too competent. He is also one of the system, so we cannot attack him like a barbaric invader. Former general director of Confindustria and Minister of Industry in the Ciampi government, long years alongside Guido Carli, who as Treasury Minister signed the Treaty of Maastricht for Italy. Experienced. He knows too much. It would be able to pilot the agreed exit from the euro. He knows how to do it. It would put Merkel and Macron in difficulty in the negotiations. No no, really not".

I media strombazzano: Paolo Savona is anti-euro, it's not good. We need a minister who is not critical of the euro, otherwise Europe feels offended. Others explain: Paolo Savona is inside the System, therefore in contradiction with populism. Rejected.
Mattarella vetoes.
President Mattarella takes his time. He continues to receive messages from so-called Europe: “Italy respects its commitments”; “President, do not allow the barbarians to destroy the splendid work we have done in Brussels".
One hundred and fifty German economists sign a fiery document in which they demand that Italy leaves the euro. Which demonstrates the state of mental confusion in which we have plunged them: prima, when the option of exiting the euro appeared in the Lega-M5S draft, everyone screaming that it's a scandal! And they force you to cancel that option. Then the same option appears with the signature of 150 German economists, and that's fine.
And what does Mattarella do? Wait. He waits for Salvini and Di Maio to propose the right ministers to him. Right according to pro-Europeans and the media. It is clear that he would be happy if Salvini and Di Maio proposed to him: as chairman of the board, we absolutely want Gentiloni. As Minister of Economy, we choose on our own initiative, Padoan. To Foreign Affairs, Alfano. Faithful to Education… Read More

Actuality | WORLD CONFLICT

"Inattuabile" it is the sovereignist narrative or the pro-European one?

11 May 2018 by admin

Of Maurizio Blondet
"Inattuabile" it is the sovereignist narrative or the pro-European one?
Source: Maurizio Blondet
So Mattarella, on behalf of a parasitic oligarchy that has ruined the country economically with its servility to Berlin, he warned us citizens and our elected officials against "the sovereignist narrative" - and what it does? Immediately afterwards he attacks with the well-known "pro-European narrative": overcome particularisms, no country can do it alone, “we need more integration” etc.
We need to finally get him and those who repeat this old story, pick up a book, finally, that helps them understand how their "narrative" is fantastic and far from reality.
The book could be that of the professor of Monetary and Fiscal Policy at the University of Siena, Sergio Cesaratto , “Who doesn't respect the rules? Italy and Germany, double standards of the euro" (Imprimatur, 124 pages, 14 euro).
The book proves exactly what it says in the title, which Germany constantly violates, and always to your advantage, the rules of a monetary union; which imposes absurd regulations, which bring the destabilization of weak economies closer, instead of avoiding them; who wants to “obtain the discipline” of countries with high debt, like Italy, “increasing the possibility of a financial crisis”, and claims to "stabilize markets by bringing their breaking point closer", as Walter Munchau of the Financial Times wrote, therefore it is even negative in achieving the goals it proposes, recovery and prosperity.
It's about understanding that Germany, “obsessed with Italian bank bad debts”., has banks that, together with the French, they have toxic derivative securities in their belly for 6899 billion, or 12 times our sufferings. Europe seems to have only one need and urgency: how to force Italy to reduce its public debt, making the markets understand that we are potentially insolvent (and therefore they should demand higher interests from us), when in reality almost 30 Italy has maintained a primary surplus for years, that is, its tax revenues are higher than public administration expenditure (once the interest expense on the debt has been deducted). Read More

Actuality | Policy

Pensions, Draghi takes sides against Salvini: better not to touch the Fornero law

28 March 2018 by admin

Of Filippo Caleri
And in addition to the ECB, the IMF has already raised the red card against a revision of the current legislation
The European Central Bank he decided: the Fornero you can't touch it. Or rather if you touch it it will be painful (financial) in the long term. A Matteo Salvini, which built part of its electoral success on its scrapping, ears will be ringing. And the challenge that, in a hypothetical government with the League within, is very difficult to find in front of you. Considering that other international bodies such as the International Monetary Fund they have already raised the red card against a revision of the current pension law.
In a recent study three IMF economists Michal Andrle, Shafik Hebous, Alvar Kangur and Mehdi Raissi titled “Italy: Toward a Growth-Friendly Fiscal Reform” they explained that at the moment our pension expense, despite the criticized and harsh Fornero reform, with the 16% of GDP is the second highest, surpassed only by Greece. A consideration that effectively stops Salvini's scrapping ambitions. He also joined the IMF Draghi He immediately made his thoughts on the matter known: “Many countries have already implemented regulations reforms of pension systems after the sovereign debt crisis, although the pace of reforms has slowed recently. Further reforms in this area are essential and must not be delayed, also in light of economic policy considerations”. Read More