The Italian crisis brings troubled times for the EU

[Garrix -™]

In today's PRESS REVISEL, stiripesurse. en proposes an up-to-date analysis of the political situation in Italy, given that the March elections did not leave any party with a clear majority in parliament, and the new government is an inexperienced faculty of politicians and novices.

Deutsche Welle: Finally, the efforts to form a new government in Rome were guided by the principle of "not giving the sparrow by hand on the crow on the fence." Matteo Salvini, the prolific strategist of the populist right-wing Lega, hesitated for a long time, hoping that early elections would be reached. The polls have risen sharply, which would have ensured his party, in the case of new elections, even better in the legislative future. But in the end he defeated the precaution and accepted for the second time, forced by circumstances, an alliance with the 5-star Movement.

 

Teachers unknown and beginners

It would be a wonder if the new prime minister is not just a puppet in the hands of the two party leaders. Because the law professor, Guiseppe Conte, has no connection with either the Lega or the 5 Star Movement. His role is to have weak power, being forced to ring in party stakes before making any promise to Merkel or President Macron.

And the other members of the new executive are just as inexperienced. For example, the new Minister of Finance, Professor of Economics Giovanni Tria, who is not much known about, than he does not seem to be a declared opponent of the euro. The entire government is made up of debutants, with the exception of the Foreign Minister, which gives him, in the eyes of the electorate, more credibility. Because it is typical for populists to veto against the system so far. But, as illustrated by the Mayor of Rome, a member of the 5-star Movement, who fails to do anything, more than ambitious promises or declarations of intent are needed to govern.

Finance newspaper:

Not everyone has heard about rising inflation (5.2% April 2018, compared to April 2017), increasing imports or current account deficits, declining economic growth or the famous 3% budget deficit.

Because the lion / euro exchange rate has not risen lately, there have been no alarm signals.

When interest rates dropped, the world was glad that suddenly some money came from somewhere without being programmed.

The case of a person who took a credit The first house in 2014: started with a payment rate of 1,470 lei per month, after which it dropped to 1,210 lei, where it stayed for a good period of time. Now the rate has reached 1,410 lei and it is worth 1,480 lei.

Not everyone knows the actual interest rate, ie the ROBOR and how it evolves, but they all pay attention to the SMS they receive from the banks the more they have to pay.

Not everyone knows that ROBOR at three months, a benchmark, was on Thursday May 2.83 at 2.83% a year, or that it was 0.86% a year ago, or that in 2016 it was 0 , Or 75% in 2015, or 2.68% in 2014, or 4.15% in 2013, or 5.32% in 2012, that in 2015 it was 1.27%. 2011 was 5.55%, that in 2010 it was 6.75%, that in 2009 it was 10.83% or that in 2004 it was 22.38%. But then the banks urged people to borrow in euros or in Swiss francs because the interest rates were much lower, 4-6%.

truth:

How fast can you get a passport that gives you an extra chance of bargaining for freedom and, in any case, the chance of "clean" transfers of the money you sent out of your country of origin to friends or specialized firewalls in the storage of funds for limited periods against enormous fees?

Are you interested in the answer? Perhaps, yes, it's Sunday, it's a holiday, and that might look like the summary of a police story. But it's not just a fiction. It is a fascinating reality that concerns the authorities and, in any case, the intelligence services of several large countries in the world, because it is estimated that the practice of acquiring "golden passports" has been out of control and exponentially developed.

These are passports issued by benevolent countries that have legalized this formula, collecting absolutely considerable amounts from those who declare themselves "investors" or, as the case may be, "strategic investors".

The practice of selling state-level passports was born in 1984 in the Caribbean, in the jurisdiction of Saint Kitts et Nevis, with the IMF's inconspicuous encouragement of seeing in practice a quick way of bringing a lot of money into the treasury of small and near- the moment of payment termination.

Very recently, the OECD (the European Parliament already has a resolution in this regard since 2014) has fought against this practice of "residence against investment" or "obtaining nationality through investment".

Demand is enormous and