a Little time? At the end of text there is a summary.
On the stock exchanges of best mood, when, on Wednesday morning, the word got around that the Italian government will give up its dispute with the EU, and the “saving of the commissioners in Brussels” to a large extent prevents. The penalty interest for the Roman promissory notes were the courses of Italian banks rose.
That could have been cheaper. Experts estimate that the high interest rates of the past conflict weeks have cost the Italian state some one billion euros. The are in the same way as the Image of the two supposed to be so rock-hard men, the lead in of the Roman government, the word: Lega-chief Matteo Salvini and Luigi Di Maio, the leader of the movement 5 stars.
What had the tinted, as the EU inviting the Commission to make fewer new liabilities, because they are injured, otherwise, the rules of the 28 States of the community blatantly.
What Brussels will say, “I don’t care”, boomed Salvini Recently against the EU to cover threats, Italy with a criminal case. “In Brussels and also in Berlin must realise that one could not treat us any longer as a country of servants”, as allegedly under the left of the previous governments. “We will not take a step,” said Salvini in October.
Also, Di Maio battle was ready: “I make adjustments to the budget.” Salvini and Di Maio are nominally only a Minister and Deputy Prime Minister under Prime Minister Giuseppe Conte. But, in fact, they govern Italy. Conte was in Brussels to negotiate only what they had approved. And now, at the end of your profile battles, they had to rubber-stamp an agreement with the EU supervision, the Conte to you as the “Best conceivable” recommended. Italy doesn’t hurt, but the two men who were supposed to be so strong. Now you have given up. High Noon is over.
Great’s reforms are quite small
Italy is presenting in Brussels a new budget for the year 2019, the recording of loans of 2.4 percent of gross domestic product (GDP, the measure of all the economic activities of a country holds together), as in the previous budget provided, to 2.04 per cent. That sounds like little, but it means a cut of up to seven billion euros. And it means that the government coalition will not achieve its greatest promises as planned: An earlier retirement for all who want it, the top of the agenda at the Lega-list. A “basic income” for all of the estimated five million needy Italians, the Renner, the star movement. Both of them were now probably in the Mini-Format.
The basic income for all citizens in poverty, from the stars once for “immediately”, then the beginning of 2019 as promised, for a further three months moved. The saves for next year is already a quarter of the cost. The Rest will be cut further, said Marcello Messori, Professor of Economics and Director of the Luiss School of European Political Economy in Rome. So only a “limited increase” in the already existing “reintegration money come out”. Joy is not the trigger.
Especially as further austerity pending cuts. Because what is put in Rom, to the state attributable to loans in the coming year, the Brussels-enforced measure, should not be enough. Some, such as the hasty sale of government property, or the unspecified “struggle against privileges”, could be the air booking.
of Italy in Brussels, all alone
of Course, the Roman occupation Populi be the plight of most to push immediately to Brussels. “All alone” did you have to fight. But it is not only against the usual Suspects, such as the Berlin or Holland, but “against all”. This shows the Dilemma in which the sounds of Italo-Duo maneuvered: 27 out of the 28 EU member countries, 18 of the 19 members of the Eurozone lowered the thumb, as in councils of Ministers and the summit of the Causa Italia meet was treated. Not even the Lega politically close to right-national governments, for example in Hungary or in Poland, understanding of the Roman attitude.
And what is with France?
but Why is France allowed to take on more debt than we are? So Salvini and Di Maio indignant. There, too, the new loans that the government wants to borrow from Emmanuel Macron 2019, above the EU Limit of three percent. Because to stop the yellow West-Protest, Macron promised to increase the minimum wage, tax relief for pensioners, lower taxes on Overtime work and the introduction of an Ecotax is tilted. This will not be cheap.
However, France, unlike Italy, a thriving economy with an estimated growth for next year from 1.6% (Italy: less than one percent). France plagued by a high level of overall debt of more than 98 per cent of the GDP, Italy is, of course, at 131 percent , but this is likely more of a time than a financial problem: Due to a change in the corporate tax area tax payments in the Fund, repayments to the companies go out earlier. Without this change, say Economists, would be the borrowing by only 1.9 percent.
And if all this is not so, has announced to the French EU economy Commissioner Pierre Moscovici, will have to be in the spring, also on France’s debt talk.
dispute in your own area
in Italy, Regent helps the now nothing. Disillusioned, the fight now is no longer with the evil world, but to each other:
The Five-star Evergreen from the basic income, says the Lega, promotes only the black work in the South. The star call for an Eco-tax for new cars the Lega rejects, or at best all over large cars and SUVs you could talk to. In return, the stars blocked force of almost every industrial or infrastructure project, which aims to boost the Lega.
Lega-leader Salvini reacts rather cool. He waits for the right Moment to overthrow the government and to new elections with a Right-Right coalition in Power; with Silvio Berlusconi’s rest ramp of the Forza Italia and the post would then be fascists. Still it is not enough. The Lega could currently count with 32 percent, right-hand corner would make, however, no more than ten percent. However, after the European elections in may could all look quite different, in hopes of Salvini.
The star movement loses, however, steadily declined since the elections, from 32 to 26 percent and non-white. You irrlichtert each other, in search of their lost soul. The Revolution is over, we are in Power, what do we do now? What started out as a rebellion against “those up there”, degenerates into a diffuse policy hacking: international, national and in their own ranks.
Worried about Beppe Grillo, the former comedian and inventor of the movement returned. He had signed out at the beginning of the year from active politics, was sitting at home when the great old “guarantor” – as his Job in the 5-star diction is, and grumbled. For the previous Sunday evening, he had invited Ministers, state secretaries and other officials in the Parliament and party to the exchange of views. Luigi Di Maio could not, he had to argue with his Lega-against players the whole evening, while others were traveling or otherwise busy.
Grillo was sitting with only a few stalwarts on the roof terrace of his usual Rom-district, the Hotel Forum, and looked at the Forum Romanum below it.
Combined : With a rough sound Lega-Boss Matteo Salvini and Five had gestänkert-star husband, Luigi Di Maio anti-Brussels: We can make as many debts as we want. More than big words are not infected, but apparently behind it. Now Italy has put forward a budget that is oriented significantly to the EU ideas. Their promise to the electorate in their own country, they can hardly meet. But Salvini would anyway rather jump the government and for new elections alone.