2,04 kind of looks like the 2.4, from the distance anyway. And probably also the aesthetic effect of the number of played a role, as Italy’s populist government after a week-long, part foul-mouthed feud with Brussels, has a corrected Version of their budgetary plans to be submitted. Instead of a deficit in the amount of 2.4 percent of gross domestic product, Rome is now aiming for a borrowing of 2.04%. To the deficit threatened to escape procedures, remove the two coalition partner, the Northern League and Cinquestelle more expenditure of approximately EUR 6.4 billion. Only it’s not supposed to look that way. From the EU Commission, it was said, were “good progress”.
The left-wing newspaper “La Repubblica” writes most of a surrender of the populist. The white flag you would have hoisted, and that was good for Italy. Premier Giuseppe Conte, the wore the of 2.04 to Brussels, said afterwards that his Cabinet would betray the promise that I made to the citizens: “We renounce nothing,” he said. However, since the bare arithmetic, without any aesthetic frills. A little something to be saved, something has to come from the sale of state-owned real estate. But at the end of a few billion Euro will be missing, to give the hopeful-tuned choice of the people. Of an earlier retirement age will benefit in the coming year, probably only 300’000 Italians, who have done at the age of 62 already 38 years of contributions. So far, 430’000 hoped. And also for the citizens wage, the great promise of the Five star, there will be less money.
In this so called Reddito di Cittadinanza add to that the implementation in practice much more complicated, as the populists to be true. Now you may ask, why the populists are bent. After all, you heard the Minister of the interior and Vice-Premier Matteo Salvini, the strong man in the Roman government, yet a few weeks ago to say that it was “a shit”, what the “drunk” in Brussels believe that the Italian Budget. Was meant to be Jean-Claude Juncker, the Chairman of the EU Commission. He’ll only talk to sober people, said Matteo Salvini.
pressure on the markets, costing the country billions
Now you have approached so strong the Brussels notions that an agreement is within our grasp. Especially since in the meantime the President of France, Emmanuel Macron on more debt make want to appease the protests of the “yellow vests”. The Italians expect that Brussels will not meet at Rome to hang on to a few Decimal places. So Macron – what an irony of history – the allies of Salvini: The two portray themselves otherwise as a big player in the battle for the future of Europe.
Salvini and Luigi Di Maio, the other Deputy Prime Minister are bent, for a number of reasons. The most important: The pressure of the markets has not faded over weeks and cost the heavily indebted country billions. Including the banks suffered, especially with their large portfolio of Italian government bonds. As a result, the interest rates for mortgages and corporate loans increased, and the populists were suddenly a danger to people and entrepreneurs. There would be now an excessive deficit procedure, with billion in sanctions and exclusion from the structural funds of the EU, would Italy put balance to the test. And this responsibility does not want to risk the new Powerful.
Patiently in the Background, as is his way, had in these weeks, President Sergio Mattarella, a man of proverbial moderation. Before Conte, with the 2,04 flew in the Luggage to Brussels, had Mattarella load the Cabinet top in the Quirinal Palace. How to listen, knew of the Sicilians as exact a knowledge about Numbers and data, that he spake to the lords precisely to the Conscience. Mattarella has the Constitution on his side. In article 81, the government needed to ensure balanced public finances. This was not often the case in the past few decades. Yet so frivolous, as the populists, thus wanted to bypass, you have to experience it yourself in Italy, rare. Up to the white flag.
(editing Tamedia)
Created: 14.12.2018, 09:48 PM
