The coming week, far from the traditional Augustan tranquillity, promises to be full of meetings, reunions and outgoing data: in Italy, Europe and the United States everyone is working to try to resolve the situation of serious tensions which is upsetting the world economy. Here are the main events of the week in detail.
Monday 8:
Italy-USA: Berlusconi, who denied the hypothesis of a trip to Russia close to August XNUMXth, declared that "the government does not go on vacation, it supervises and continues to work without interruption". After a weekend off in Sardinia, the prime minister assured that he will be back in Rome today and that in the afternoon he will have a telephone meeting with US president Barak Obama on the international financial crisis.
Italy: This morning in Gemonio (Varese) the reform minister Umberto Bossi and the economy minister Giulio Tremonti are meeting to take stock of the crisis affecting the Italian economy. Bossi, interviewed in the morning, said: “Let's hear what good Tremonti has to say. He's the boss of the money."
Tuesday 9:
Usa: The Federal Open Market Committee (Fomc), the Federal Reserve Bank's main monetary policy instrument, meets and will have to decide on interest rates (it is expected that they will remain unchanged at 0,25%). This was followed by the eagerly awaited press conference by Fed Chairman Ben Bernanke.
Germany: Expected data on exports, imports and trade balance of the German economy in June.
Wednesday 10:
Italy: Labor Minister Maurizio Sacconi has convened the new meeting with the social partners in the afternoon. "For Wednesday afternoon we have reconvened the negotiating table with all the social partners, - he declared - as well as the Chamber and the Senate, as announced, will soon guarantee the opportunity for a confrontation with the oppositions, starting with the one that has already anticipated a responsible availability".
Thursday 11:
Italy: At 11 in the morning, the constitutional affairs and budget commissions of the two chambers will meet in Montecitorio, convened by the presidents of the chamber and the senate, which have accepted the request of the Prime Minister for the Minister of the Economy Tremonti to report to the competent commissions on the lines of action regarding the introduction of the balanced budget principle.
Usa: the data relating to claims for unemployment benefits are out.
Friday 12:
Usa: The data on distrust of American consumers for the month of June, processed by the University of Michigan, is awaited.
Off the agenda for now, but with the possibility of joining it soon, the convening of the G7 and a Council of Ministers for our country. For the first, after the conference call on Sunday night, he expects to understand if the Group of 7 will anticipate the summit scheduled for September in Marseilles. The body is currently chaired by France, which has so far shown itself to be very active, and well aware of the emergency. As for the second, the idea of a Council of Ministers around August XNUMX had already leaked but had not been followed up by any official rumor. After Wednesday's meeting with the social partners, however, the Council of Ministers could meet to translate the provisions that will be decided into legislative measures.
