“The accounts don’t come back, … but Conte stays!” by R. SALOMONE-MEGNA

The writer is a Eurosceptic not because he is against the construction of a federal Europe, strong, cohesive and supportive according to the original idea of ​​Altiero Spinelli, but because he believes that the current European Union is a dystopian and dysfunctional construction, built not to do feeling better the European peoples, but for the exclusive interest of the globalist elite who exploit them.

It is an artificial architecture, a squalid congregation of bankers, without any yearning, without a soul, which has deprived governments of any possibility of concrete intervention in the economic, fiscal and civil and industrial development fields.

The European Union has no plans for a better world, it pursues a stolid Atlanticism in geopolitical terms and the reconfiguration of the European and world economy in the direction of a merciless neo-feudalism, a world made of lords and servants.

A sesquipedale example of this artificiality is given to us by how the European Commissioners, members of the European Commission, are chosen.

Article. 17 par.3 of the Treaty on European Union reads as follows:

Omissis… The members of the Commission are chosen on the basis of their general competence and their European commitment and among personalities who offer all the guarantees of independence. "

Let's skip competence and Europeanism and focus on the concept of independence.

Independence from whom? From the country that obviously designated it, since the European commissioners must do only and exclusively the interests of the European Union. One cannot fail to grasp a clear break, desired by the drafters of the Treaty, between citizens and the European Commission.

Having said that, it follows in a somewhat self-evident way that the European Commissioner Gentiloni, when he intervenes in the political debate to provide clarifications and advice to the Italians, does not do so in the main interest of Italy, since being an independent personality, he must first guarantee the EU , then go on to understand if the interests of your country and those of the Union coincide.

Paolo Gentiloni was also, from 12 December 2016 to 1 June 2018, President of the Council of Ministers of the Italian Republic and on 1 December 2019 he was appointed European Commissioner for the Economy.

At this point a terrible doubt arises: did you show indifference towards the Italian fortunes, rectius independence, after the office of President of the Council, during the following year and a half or perhaps you were already thinking mainly of the EU also as Head of the Council? Bah!

I believe that the doubt remains, with only one certainty: the EU commissioners never speak for the benefit of European citizens so, if Paolo Gentiloni tells us that the ESM is good, it is certainly good for the EU and its related cleptocracies, but it is not said that it is for Italy.

Having cleared the field of fraudulent advisors, in this period of great worries we should ask ourselves what can the European Union actually do to help the economies of the countries affected by the virus? Sic stantibus rebus, absolutely nothing.

Nothing at all, even if the President of the EU, Ursula Gertrud von der Leyen, did not have that disturbing surname as a Prussian general and was not as cold and bony as Cinderella's stepmother.

In fact, the whole European construction, as said countless times by much more authoritative authors than me, was not built on a solidarity basis and therefore has no room for maneuver to deal with an emergency and the crises were not exactly tempered in its regulatory framework, since the only enemy to face was inflation and a bright destiny awaited us.

It was not so.

Recall that the revenue of the common budget consists of customs duties on imports, a percentage of the VAT revenue of the member states and a levy on the gross national income of the member states, at a rate that should be equal for all and equal to 1 , 31%.

The conditional is a must, as some European states enjoy concessions and are, needless to say, Germany, Austria, Sweden and the Netherlands. Furthermore, the principle of budgetary balance is in force, so that income and expenditure must be balanced and the EU cannot issue debt to finance itself.

Who can create money from nothing is the ECB, the European Central Bank, which however enjoys absolute independence. Here comes the concept of independence. Same question: independent of whom? But it is obvious: by democratically elected governments. On its institutional website ( https://www.ecb.europa.eu/explainers/tell-me-more/html/ecb_independent.it.html ) the ECB explains why it must be independent.

It must be independent because its primary objective is price stability. On the above site you will also find many other beautiful fairy tales, but the most imaginative and touching one, as if it had been written by Edmondo De Amicis himself, is that independence guarantees European citizens (sic!).

From these simple considerations, it emerges that two such important and fundamental bodies, whose choices influence the life of more than four hundred million poor wretches for better or for worse, are totally devoid of any political legitimacy.

The EC operates according to the dictates of the most rigorous ordoliberalism, an updated version of 16th-century mercantilism in neoliberal sauce and the ECB is its secular arm. Indeed, while it is true that the ECB is independent of politics, politics cannot be independent of the ECB.

Therefore, when a government is recalcitrant to apply the absurd dictates of austerity, totally useless and fallacious since its economy would need completely opposite measures, the ECB chooses not to intervene in international markets in support of the sovereign debt of that state, thus causing an unsustainable increase in interest rates for the state budget, effectively imposing further sacrifices.

All are reduced to more mild advice and the recent history of countries like Italy and Greece provides more than one example.

In any case, let us examine the secular good of what the EU is trying to do for Italy; on the other hand, the icy stepmother, without letting out any empathy, also apologized for the delay in aid.

My grandmother would have said: "he did a face wash".

However, after about two and a half months of pandemic, we still do not know for sure what the EU plans to implement to support the economies of the most affected countries.

We have already said about the MES and the comment could be effectively summarized by a warning: "whoever touches the threads dies".

But let's talk about the Recovery funds, so exalted by the good Gentiloni, personality of strong independence.

Given that very little is known except that Ursula von der Leyen has renamed them somewhat resonant Nex Generation EU. However, Gentiloni aside, the European Commission should find 750 billion euros on the financial markets and 500 billion of these would be non-refundable, while the remaining 250 billion in the form of loans.

These funds would be available from April 2021 until December 2024. The Commission will repay creditors over a thirty-year period starting in 2028. Unofficial but authoritative sources say that Italy would receive around 90 billion loans and 80 billion non-repayable transfers.

So all right what ends well?

For nothing. First observation: the money is needed now and not in a year, not a little detail, but as always when there is the EU the trick or deception is always around the corner. Let's try to understand.

Taking the waitress's accounts, Italy is a net contributor to the EU budget. Italian taxpayers pay at least three billion euros a year to the EU budget more than they receive. Suppose that these three billion remain so, although it would be reasonable to expect an increase in the outlay with the exit of England. Well, three for thirty make ninety billion. Without going too far, once again Italy will receive less than it will have paid during the thirty years. There is little to say about the loan, since it must be repaid. Some have calculated that perhaps we would save a billion interest per year, very little compared to the seventy billion that we pay each year. Warning: everything will be paid in installments and on condition that the indications of the European Commission are fulfilled.

Turn, turn, turn, we do not move one iota from the usual cliché.

But what are these indications? Go and read them in this document ( https://ec.europa.eu/info/sites/info/files/2020-european_semester_country-report-italy_it.pdf ) and you will understand for yourself.

If you are interested in a quick summary, we talk about the land register (sic!), Pensions (sic! Sic!), Services (sic! Sic! Sic!) And indirect taxes (enough with the sic). Obviously in terms of the most forbidden and brutal neoliberalism.

We would need a blood transfusion and these vampires, never pay, our blood wants to continue sucking it even in an emergency.

The only question to ask is the following: what are we still doing with this evil and havoc company?

Faced with very important choices, which become increasingly indifferent to our destinies, what does the Conte government invent? The States General of Economy, an unmissable opportunity to produce more fried air.

But the reality of the facts can be assessed very simply, without the need to have a master's degree in economics from MIT in Boston! It is yet another grip for the bottoms!

Dear Count, the accounts do not return and you remain to make empty proclamations, blessed and dapper as always!

Raffaele SALOMONE MEGNA


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The article "The accounts don't come back, … but Conte stays!" by R. SALOMONE-MEGNA comes from ScenariEconomici.it .


This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/i-conti-non-tornano-ma-conte-resta-di-r-salomone-megna/ on Sun, 14 Jun 2020 08:55:04 +0000.