venerdì 30 dicembre 2011

WallStreetJournal fiction resconstruction just to attack EU and Italy


In reply to WSJ article (Link)  "Deepening crisis over Euro pits leader against leader"  
A Wall Street Journal reconstruction reveals how Germany—criticized for not dealing forcefully with the European debt crisis in its early phase—responded to the dangers in Italy this autumn by imposing its power on a divided euro zone.
WHY THIS RECONSTRUCTION FOR ME IS FALSE AND UNFOUNDED
It seems WSJ fictions. Mr Napolitano brings too much respect for Italian people and is a deep expert of what Italian Democratic Constituition allows him as President of Repubblic  to say that he is just an ottuagenary serving Merkel wills. Merkel is not so superficial to ask this kind of things to Napolitano. Napolitano acted in respect of Italian constiutution possibilities.
Berlusconi is too much hungry of power to leave it just because Germany could ask.
This is a reconstruction without proofs just to attack EU. Is just a way to talk against European Union wich fears USA and UK
We all know that Berlusconi was not able to help Italian economy as Mr Monti  is.
Napolitano can try to create a new government if  there is no more majority in parliament to find another one before decide new elections (before the natural exipiry date of a government , every 5 years there are always new elections) If the parties in parliament decide to support a new majority (as now with Mr Monti supported by the Berlusconi PDL Party (TOO!!) and the opposition PD party) is possible to change an Italian Prime minister. It was the right step for Italy and Europe, the true one formed only by the Countries who accepted Euro as currency.  

domenica 25 dicembre 2011

MERRY CHRISTMAS . WE SUPPORT THE PACIFIC PROTEST OF 120000 RUSSIAN IN MOSCOW STREETS AGAINST PUTIN FOR LEGAL ELECTIONS


MERRY CHRISTMAS!
You can do a lot of things in zero kilometers. For example catch the time, managing its fluidity to our targets. Stop complains , stop doing victims waiting from others solutions to our problems: Becoming adults, deep but light.Loving people whom we choose to love. Reading Dickens or who you want as long as he has a soul and not only technics, a dream and not only cynicism. About the Maya profecy knowing that on dec 21st 2012 nothing will end, but something will start in case. If so , it's better to start it now deep inside in our hearts. Merry Christmas.

(from Sole24ore newspapers) 120,000 PEOPLE IN RED SQUARE, MOSCOW...« We'll come back again , untill they will not give us thigs we want. Aleksej Navalnyj the BLOGGER jailed to report electoral scandals of Putin regime gives voice to the protest of thousands of Russians, he is becoming one of the most popular landmarks.On Christmas eve the fight for legal elections in Russia was transfer to Sakharov Prospekt, North Kremlin, where police reported about 29000 people stepped over electronics ceck points bordering the area given to protesters.

venerdì 23 dicembre 2011

Draghi sends a message to Merkel: ECB role is to be powered



Great demand at the ECB auction for interbank lending at 1% rate from banks of the Euro areain order to increase their liquidity. But not to buy Bonds of weak countries, as Mr Draghi hoped. Banks have first to recapitalize themselves, as required by EBA to have strongerassets. Result: banks do not buy Bond and spreads remain high , the risk is to not providecredit to households and companies.
Investors will not trust the Eurozone untill ECB will not become the official lender of last resort "by putting his face" officially  and only after this round of loans at low interest rateswill be welcomed by the markets.
The last day auction, the "bazooka" of  Mr.Draghi is a brilliant idea but becomes a "toy gun" if all the Euro Countries first of all Germany will not decide this new clear role of the ECB. Thisreform is necessarily to be done togheter with the others to do not frustrate all the dutiful heavy efforts  "done by the single Countries as Greece, Spain and Italy, in terms of taxes and growth, the requests from EBA to the banks, the strict State budget controls demanded byBerlin as a transfer of sovereignty that will bind togheter all the Euro countries, the real Europe at this time ,and not the formal but empty EU with the UK backhanded position of PM Mr.Cameron. After this is possible to attack the deregulated financial system,with  a “Tobin tax” or similar by taxing pure financial transactions and overcome imbalances of an “English” capitalism vision.
In  my opinion Draghi expected a not enthusiastics response from the markets about ECB auction and in this way he is telling to Merkel he can try everithing but untill she will not accept a reform of ECB, no further effort will work and the moves to exit from  the crisisshould be made coordinated and contextual one another: constraints of State Euro budgets, fiscal harmonization, growth  and power to print money. Without even one of these moves, the others remain idle.


COMMENT SENT TO WSJ ON 23rd DEC 2011


venerdì 9 dicembre 2011

UK obstructs reform of EU treaty to defend EURO now: Is the Pound the original sin ?

After all hard difficulty to find new reform for PIIGS country with new efforts especially for Greek people and a new Italian government to change the situation in Italy, an open availability from Germany to give new power to ECB and other European institution, favoring it instead of  German interest and knowing that the honest German people should guarantee for other Countries and pay for their economic laxity in exchange new EU fiscal strict control on Nation budget with automatic sanctions and a true reform to European Union, Europe find this night the inexusable UK position to obstruct the project to save Eurozone.
As we all know Uk uses a competitive currency against Euro even if Uk is an important EU Nation, and a competitive deregulated Market even if it is one of the first reasons of EU crisis.
Every Coutry is call to give something for the common good : Europe and every Country from Greece forced by his political dishonesty to Italy forced by his political laxity to Germany and France less forced but conviced by the better economic advantages of a United Europe instead of an end of it, in exchange of some sacrifice to do now from every one to save the other.
UK PM Cameron is in a backhanded position: from a side Uk is in European Union,and Europe can not exist without England, from the other he doesn' want to defend it from speculative attacks , he doesn' t want to regulate the wrong rules that block the possibility to tame the markets. He doesn't want a true European harmony with the real possibilty to protect all the EU Nations giving at the same time EU the strenght to compete in the global economy and the insurance that every EU member do his homework to protect a common good .
Britain have to decide a clear position: what Uk want from itself ? If Uk wants to stay in Europe it must defend it with some sacrifice of his economy as 
Germany and France did and yeld some national power for a big new confederated Europe to defend this common roots and thake advantage from it. Otherwise it can stay out, as it is doing now but let's not play against, please. The original sin was to mantain its own currency, and now Uk is not ready to be a modern Eu nation capable to create the European dream, mantain it with all the economic advantages welfare and rights gained by all Eurozone, and remain at the same time a great unique Nation as it is. I know, Who is capable? But Please don't ask anything else as French President Mr Sakozy clearly explain in his conference at the end of this night (WATCH VIDEO) with not a 27 new EU treaty but just a 23 Sovranational treaty ,composed of 17 Eurozone counrtries plus 6 of 10 volunteer countries not in EUzone .This is a great number, hopefully enough to save EU, in opposition of the 4 missing countries leaded by Uk and Ungary that obstruct the creation of a new strongest Eu Treaty.   

COMMENT SENT TO WSJ WallStreetJournal ON 9th dec.2011 (no54)