IMF and Italy
Of Nicola Di Cesare
Source: Appeal to the People
Based on the thinking of the managers of the International Monetary Fund, never asked by anyone (and that it has nothing to do with Italy except for the fact that our country finances it for 3,21 % of its shares), in order to revive the growth of its GDP, Italy should eliminate the fourteenth salary from all employment contracts, eliminate the thirteenth of pensions, de facto eliminate survivor's pensions and raise the rate to 27% for self-employed workers, reintroduce the IMU on the first home. The first question that a reader of average intellect should ask himself is:: but who are they and why would they want to starve millions of Italians? What they gain from it? Before delving into the merits of these statements and formulating answers to the aforementioned questions, Let's first understand what it is for and who is in command of the IMF. According to the article 1 of the Statute (establishing agreement between states) the IMF was created for: promote international monetary cooperation; facilitate expansion and international trade; promote the monetary stability of currencies and the constancy of exchange rates, avoiding competitive devaluations; provide loans, behind adequate guarantees (political and institutional interference), through the general fund resources to address balance of payments difficulties; reduce the degree of imbalance in the balance of payments of member states by preventing them from resorting to measures to devalue their currency; regulate economic growth in developing countries. Read More