Publisher reveals more about his friend Morawiecki. Vai al contenuto Giuseppe Sandro Mela. Questo fenomeno è evidente dai risultati elettorali, specie poi quelli degli ultimi due anni. Queste ideologie stanno crollando sotto il peso delle loro contraddizioni interne: non riescono a comprendere le realtà emergenti, propongono soluzioni obsolete e quindi inconsistenti, mentre la situazione continua a sfuggir loro di mano. Ma alla fine la realtà travolge, e porta i sistemi alla implosione. Ma la storia ai più serve al massimo per riconoscere che è stato fatto un errore già vissuto.
Si apre quindi un periodo storico turbolento. Il vecchio non vuol cedere un passo ed il nuovo non ha ancora acquisito la forza necessaria per imporsi: sono i periodi più bui della storia. Né ci si illuda che a ribaltamento terminato le cose siano immediatamente facili: se è vero che nel maggio i cannoni finalmente tacquero, ci volle molto tempo perché si potessero vedere i frutti di una pacifica riedificazione.
Uno sguardo alla tabella in cimosa è eloquente. Giusto un solo punto percentuale sopra AfD, che si è conquistata un E verosimilmente, continuando codesto trend, a breve AfD sarà il secondo partito tedesco. La devoluzione del socialismo ideologico. Devoluzione del socialismo ideologico. Unione Europea. Non la cura di alcolismo in Krasnodar Krai è libera arrivando.
Ma questa posizione mentale altro non fa che portare mulino proprio alle forze che temono. Non è povera. È misera. Se il Financial Times è impietoso, pur essendo chiaramente liberal, Eurostat è spietato.
Senza far nulla per risolvere codesti problemi AfD arriverà al governo: qualcuno alla fine dovrà ben occuparsi anche della povera gente. Parole profetiche. E non ebbero per nulla la mano leggera: forse che non ci si ricordano le storie di Ammiano Marcellino? Ci si prepari a celebrarne le esequie.
This government, the 67th in the last 70 years, is perhaps the most unusual and least experienced of them all. At the top are two populists who are critical of the EU and friendly to Russia, two coalition partners who share few joint political goals and whose supporters hate each other. The one party, Lega, draws the majority of its support from the wealthy north while the other, M5S, has its roots in the comparatively poor south.
Making the Problems Worse The difference being, of course, that Italy holds 2. In addition, the country is still suffering from the la cura di alcolismo in Krasnodar Krai è libera of the financial crisis, including high unemployment, particularly among young people, and it is struggling to deal with the strain of the thousands of migrants who are still streaming across the Mediterranean to Italy.
As such, the election victory by the populists is hardly surprising, rather it is the logical consequence of the problems facing the country.
But at the same time, it has the potential to make those la cura di alcolismo in Krasnodar Krai è libera much worse. To satisfy the desires of their vastly different constituencies, Salvini and Di Maio included tax cuts, a minimum basic income and the retraction of the recently passed pension reform in their coalition agreement. According to the calculations of Carlo Cottarelli, a former director of the Fiscal Affairs Department, these measures will cost at least billion euros per year.
And the consequences for Europe will be impossible to ignore. The Latvian looked visibly uncomfortable before finally replying: No, probably not. He added that he is particularly worried about rising risk premiums on the bond markets, a trend that has also affected other weaker eurozone member states. The prospect of countries not acting responsibly when it comes to fiscal policy has consequences, he said.
It is important that all member states adhere to the rules that have been agreed to if they are part of the common currency area, he added. Death Knell Indeed, even if the EU and the euro might have been able to withstand Grexit, an Italian departure from the common currency zone would likely be its death knell.
The recommendations, which are issued at regular intervals, recognize the la cura di alcolismo in Krasnodar Krai è libera thus far undertaken by Italy to reduce its debt levels, but those efforts were all the product of the previous government. The new powers-that-be in Rome have left no doubt that they la cura di alcolismo in Krasnodar Krai è libera to focus their attentions elsewhere.
EU laws, says Lega head Salvini, will only be respected in the future if they are beneficial to Italy. But such words are cold comfort. The advance of the populists, after all, is coming at a difficult time for the EU. The block is still enjoying solid economic growth, but a potential trade war with the United States is looming and the consequences of Brexit must likewise be overcome. A rekindling of the European trench political warfare that accompanied efforts to save Greece would be devastating.
Exactly that, though, appears to be on the horizon. In the French elections one year ago, the feared victory of extremist, anti-Europeans did not come to pass. But right-wing populists are nevertheless on the march. They are the most powerful opposition party in Germany, they are part of the government in Austria and now they have joined the Italian government. Bannon is excited about the triumph of Di Maio and Salvini, who are demanding that sanctions against Russia be wound down.
Such an approach would almost certainly be popular in the country, where only 39 percent of Italians view the EU positively — not a good sign in what was once the most pro-EU country in the block. In addition, many voters who have suffered from years of recession see the warnings from Brussels as heavy-handedness.
The fact that Italians, who traditionally have a high rate of savings, stand to suffer significant losses should the country withdraw from the eurozone is something neither M5S or Lega have addressed. On the contrary: an early draft of the coalition agreement demands that the ECB forgive billion euros of debt. The fund has immediate access to billion euros, meaning it could finance Italy for two years if need be.
But only if no other eurozone country falls victim to the turbulence such a crisis would no doubt trigger. But exactly that scenario is what has many people concerned, with pressure on Spain and Portugal likely to increase. The two countries have, to be sure, made progress in cleaning up their state finances, but they are still vulnerable, and their debt loads remain high. Credit rating agencies already hold a dim view of Italy. Were they to downgrade Italy two additional levels, Italian bonds would reach junk status, meaning that many investment funds would be forced by their own regulations to dump them.
If mistrust and interest rates rise, Italian banks could once again find themselves in a dire situation. In the last 12 months, they have managed to reduce their risk exposure, but they are still sitting on billions of euros in bad loans. If the new government chooses to ignore these risks, the situation could rapidly spiral out of control. Already, the interest rate difference between Italian and German sovereign bonds — the so-called risk premium — has risen significantly.
In recent weeks, it has climbed by almost an entire percentage point. The difference reflects the higher risk of default for Italian bonds. Investors are only prepared to loan more money to Italy if they receive higher interest rates for their troubles. Bailing Out Italy Back in February, hedge funds already began speculating on falling European stock prices on the assumption that an anti-EU government in Rome could fragment the currency union.
The most recent wave of Italian sovereign bond sales was also likely driven by hedge fund speculation. There is significant concern in many European capitals that the Conte government might operate under the assumption that Italy is too large and important for Europe to allow it to slide into bankruptcy and that European institutions would ultimately jump in to bail the country out. If a 50 percent debt haircut came to pass, as was done in the case of Greece, banks, insurance companies and pension funds would be forced to forego claims to billion euros.
The country would sink into economic insignificance, he says, not unlike Argentina after its collapse. European hopes are primarily focused on one person: Italian President Sergio Mattarella. For most of the last three months, the year-old lawyer has been patiently seeking to enable the assembly of a stable government and avoid new elections. And there is nothing he has left untried. He even held a face-to-face with Silvio Berlusconi, the man who paved the way for la cura di alcolismo in Krasnodar Krai è libera rise of the populists and who led Italy into the crisis.
Finally, though, the current coalition took shape, even if it looked for a time as though it was hopeless. But even if Mattarella can prevent the worst — by refusing to sign certain laws, for example — he cannot prevent the political uncertainty from blocking a central EU reform project, that of reforming the economic and currency union.
La cura di alcolismo in Krasnodar Krai è libera would like la cura di alcolismo in Krasnodar Krai è libera see a joint eurozone budget and a common deposit insurance regime, among several other ideas. He is caught between a Berlin that cannot la cura di alcolismo in Krasnodar Krai è libera to make up its mind and a Rome that is deeply skeptical of the EU. Concern is growing in the Élysée Palace in Paris that Europe is facing its next significant crisis and Macron, instead of pushing through his reform plans, will be forced to spend his time on damage control, not unlike his predecessors.
The banking union envisions shareholders and creditors initially being made liable in the event of a bank collapse. Now, though, the use of the backstop — public money — is under discussion for extreme cases in which the costs of winding up a failed bank cannot otherwise be covered.
This fear has la cura di alcolismo in Krasnodar Krai è libera been reduced by the anti-European rhetoric currently coming out of Rome. Indeed, the situation in Italy is not a good omen for the EU summit at the end of June, where heads of state and government intend to discuss a deepening of the eurozone. The alliance with the aggressively anti-immigration party Lega is a controversial one within the Five Star Movement. Furthermore, their parliamentary majority is just 30 seats.
In a good mood due to the recent decision by an Italian court to lift the ban on him holding public office, Berlusconi said he would be happy to do all it took to prevent a state crisis in Italy.
Giuseppe Sandro Mela. Nella denuncia si prospetta che Frau Merkel avrebbe violato il diritto di partecipazione del Bundestag alla decisione di aprire le frontiere tedesche, ufficialmente difese dalla Costituzione.
Qualora Frau Merkel perdesse la causa intentatale, dovrebbe dare le dimissioni. AfD klagt gegen Merkels Grenzöffnung. Die Koalition ist jetzt schon am Ende. Mein Kommentar zur Woche in Berlin. Ihnen schöne Pfingsten. Die Bundestagsfraktion habe am Und sie wird die La cura di alcolismo in Krasnodar Krai è libera verändern, wenn sie erfolgreich ist.
Ob es zur Verhandlung kommt, ist noch offen.