It rains in the wet, with such intensity as to fear a devastating flood. The economy is not growing: the relative rate is a kind of cross-border that periodically crosses the line between recession and a completely inadequate telephone area code increase.
Construction sites remain blocked: the construction sector is paralysed; all large companies - if they have not acquired important contracts abroad - are on the verge of bankruptcy; at least 500 jobs have been lost.
The two tools which, according to the government, should have produced more employment and abolished poverty, further boosting internal demand, they are turning out to be warm cloths.
Access to share 100 it doesn't seem very coveted in the private sectors and especially does not guarantee any turnover, so much so that Captain Salvini himself would be satisfied with the ratio ''one who enters for every two who leave''.
Il CBI is reaching an audience almost similar to that of the Rei, dispensing benefits less generous than promised. that of the Rei, dispensing benefits less generous than promised.
Lo spread – Banquo's shadow of the Italian tragedy – hovers, without a net, on the 290 basis point trapeze.
In this context, Matteo Salvini, bold winner of the May 26 election, has laid the cards on the table in front of a frightened ally who has lost six million votes in one year and who fears early elections as much as a measles epidemic: there is a flat tax (based on the tuning of the revived Armando Siri) without increasing the VAT (which will be sterilized again) nor absorb Renzi's 80 euros and other concessions.
And the resources (fifty billion as early as next year) will be derived from an even higher deficit, the government having not only the power, but the duty to adopt this measure in the interest of the Italians, whose fates were entrusted by the leader of the League to the immaculate heart of Mary on the solemnity of Piazza del Duomo.
It is truly singular the idea that the two conductor of this shaky government they have a deficit. It seems that they rely on a hoard written and printed in invisible ink, while it is a huge black hole that materializes when it is added to the debt stock. However, Matteo Salvini, winner at home, lost away.
The super-populists, nationalists, identitarians and anything else nauseating that is rising from the rubbish heap of history obtained some significant affirmations in this year's European elections, but they will remain outside the circle that counts, in the cold and chattering their teeth.
Salvini hoped to be the leader of a turnaround in Strasbourg (remember? "After 26 May, they will no longer ask us for the 23 billion VAT") which didn't happen. Fortunately, the European Commission, even though it was about to expire, wasted no time and slapped the Italian government (the story of the joint management of the response to the letter from Brussels is boring).
While, under the astonished and worried gaze of international observers and markets, he prepares a clash between the government and the Commission (there is a infringement procedure for excessive debt), the Chamber of Deputies fell victim to a stroke of sleep.
On Tuesday 28 May - the agencies wrote - the Chamber unanimously approved a motion committing the government to launch a provision for the payment of public administration debts to companies in minibots, i.e. small-denomination government bonds, creating debt and potentially currency. The provision received the green light in the midst of the chaos following the European elections and only today, three days after the approval, did the news spread.
Above all, to discuss the vote in favor of Pd and +Europe (the latter, the Union Crusaders) who are now stepping back saying he didn't notice that the text had been changed. To remedy this, the Pd group in the Chamber announced "an urgent agenda for the growth decree to decisively exclude the use of tools such as the so-called minibots".
They know it will be rejected, while for what it's worth, the motion passed. In essence, the Chamber of Deputies of an Italy observed on sight shared - without its knowledge - the theses of the Nobel Prize winners for economics of the League: Alberto Bagnai, Claudio Borghi in collaboration with the neophyte Antonio Rinaldi. Serious mistake or Freudian slip?
The tension on the markets, once the news was heard, forced the Ministry of Economy to deny the minibot hypothesis (while in the Chamber the government had given a favorable opinion): "There is no need nor are financing measures of any kind being studied, much less issuance of small-denomination government bonds - Tria declared - to deal with alleged payment delays by the Italian public administrations”.
But when you break eggs you can only make an omelette. When the directors of the operation announced that this was the first step needed to exit the euro, the spread was affected. Italy, therefore, boasts an irresponsible majority and a distracted opposition, which slips inadvertently into traps, following the line of Appeasement originated who knows where after the elections. In God we trust. 4; \lsdpri
