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" ... Read all.
Of Roberto Pecchioli
Source: Heretically
Ambrose Evans-Pritchard is probably the best economic journalist in Europe. From the columns of the conservative Daily Telegraph, his gaze sweeps over the business international without blinders and, above all, without becoming a megaphone for the interests of the upper levels. His recent speech should prick up the ears of observers and decision-makers in our country. Evans claims that a creeping flight of capital from Italy is underway. The proof is our liabilities in the Target2 system of the European Central Bank. In a month, increased by 39 billion up to 465 billions of euros. One of the causes would be the possibility that the issue becomes operational (which Evans sarcastically calls subversive) day Minibot, the parallel currency intended for Public Administration payments, but usable in general, since every means of payment works on a fiduciary basis, that is, if people are willing to accept it.
The worry (or the secret hope) of the markets is that Italian private savers, holders of very significant sums,join the exodus. The first consideration is that capital flight comes from large investors, by funds and investment banks, supported by the ECB itself. It therefore has an eminently political character, exactly like the manipulation of spread, not in the hands of metaphysical markets, but the Central Bank's blackmail weapon. Read More
After Brexit, the EU could suffer a new shock with Swexit, i.e. the exit of Sweden, priority objective of Jimmie Åkesson leader of the Sverigedemokraterna party , today the third force of the country that in the elections of 9 next September they could grow further.
From rallies draped with swastikas and swastika tattoos to the Swedish government: This is what the members of the SD aspire to, having thus cleaned up their image by calling themselves not racist but rather social conservatives. “We believe in social values and try to protect them, for example fromimmigration (…) If populism means being close to people and understanding their needs, then we are populists. But if it means that we don't have an ideology, we're going astray. We have a strong ideology based on two cornerstones: a welfare state with strong national security”.
He has clear ideas Matthias Karlsson, SD group leader in Parliament interviewed by La Stampa in which he indicates his party's moves, i.e. Swexit. Read More
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
(I copy and paste:) Prime Minister Conte will cancel his visit to Paris. Foreign Minister Moavero summons the French ambassador (Macron masses troops on the border?). In Germany, Interior Minister Seehofer congratulates Salvini, and splits with Merkel. AfD is about to catch up with the SPD, electorally it will be the second party. “The difference between a change… Read all.
Of Maurizio Blondet
“Russia must be at the G7, like it or not, we must have Russia at the negotiating table”, Trump vibrates in a certainly not improvised exit, and the anti-government TV lounges discover that Prime Minister Giuseppe Conte, the one they portrayed as a foolish king, a leader of an unrealistic populist alliance, unprepared and stupid, can say at his first summit in Canada, not at all intimidated: “I agree with President Donald Trump, Russia should return to the G8. In everyone's interest".
It's not like there's any alliance here. What we are witnessing is the disintegration of the Western order, which involves unexpected recompositions, perhaps temporary. The English thinking powerhouses, in the turmoil of a Brexit that Merkel-Juncker want to be increasingly hostile and punitive, he took the opportunity to support the well-founded Italian discontent, explaining in various articles how Germany is the only one that has gained from the euro, and the one that has the most to lose by making the EU "an enemy rather than an ally" of Italy. And in other articles, they explained the Deutsche Bank crisis in depth. And an article from the Financial Times has quite a bit of power in the world of international finance. Read More
Of Roberto Pecchioli
Source: Heretically
Stop Italy, I want to go down. One of the problems, getting older, it is no longer being able to understand what we see. The codes to decipher the new reality slip out of our hands, one feels like a stranger, inadequate and we end up withdrawing into ourselves. If "they" see it, we remain spectators of events that happen despite us and of which we are unable to identify the meaning or direction. How to watch a Bengali film in the original language. This is why so many of us want to come down.
Little Italy has become Italiaccia. For a couple of days we had three governments. The one in charge "for the handling of current affairs", as the bombastic and subtly humorous formula of the official protocol states, that of “the president” by Carlo Cottarelli, official of the International Monetary Fund, as well as the one unwelcome to all oligarchies, led by Professor Conte with the participation of the sinister Bolshevik, fascist and anti-European Paolo Savona. The Jesuit training of the head of state made it possible to resurrect a theological category that had fallen into oblivion, that of sins committed with thoughts, parole, works and omissions. The trial of the intentions of the diabolical octogenarian Savona, ready to exit the euro 48 net hours (?!) however, it allowed Italians to see more clearly.
The good Mattarella presented himself to the people to claim the stop in Savona in the name of the Markets, revealing – holy naivety – who is the guarantor and president. The European Commissioner with a German passport, HerrOettinger, he too was struck by an attack of sincerity, he growled that the Markets will take care of it (always with a capital letter!) to teach the Italians, small, neri, dirty and stinking to vote properly. Even Juncker, perhaps betrayed by the Belgian beer, he revealed opening words how annoyed the inhabitants of the country are, slackers, maintained, corrupt (very true, but in crowded company) and many other things. Read More
Of Riccardo Paccosi
Source: Bye Bye Uncle Sam The ambivalences of the emerging sovereignist perspective analyzed in relation to the Italian case. A contribution to read carefully.
I started talking about the existence of a Yankee Way to Sovereignty, more or less since I started identifying myself, from a Marxist point of view, with this political category. So, around the 2012.
Indeed, since the advent of the Monti Government's austerity in 2011, it was immediately clear that, in the face of German rigidity which directed the positions of the European Union by imposing social butchery policies on Greece and Italy, on the part of the United States there was a decidedly more elastic attitude towards public spending and the state budget. The troika that gave order to the Euro-Mediterranean governments, in other words, appeared to be made up of the “good cop” IMF and the “bad cop” European Commission.
As, many public figures who in that period and in various capacities spoke out against austerity - for example Paolo Barnard, but also Stefano Fassina - also explicitly stated the need to seek political support in the United States and in the Monetary Fund to escape from the death trap of the fiscal compact and German control over our economy.
Since then, a lot of water has flowed under the bridge.
Eight years of austerity have almost completely eroded it, among Italian and European public opinion, the pre-existing support for the Eurofederalist perspective and have brought, Therefore, sovereignism at the center of the political debate and made those political forces that have a parliamentary majority, with varying degrees, they claim to go back to sovereignist issues. Read More
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)
NOT COMPETENT ENOUGH.
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".
TOO competent.
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
Report Wall Street Italia
