All we expect something to happen at the Palace of Justice and instead will be in Frankfurt, which will be Silvio cornered, do not talk about Tremonti, all trembling, and hope that the media disseminate adequately what will happen to you, low, very low the berluscones tasting the bitter medicine ... and again ... all others including us pay dear, very dear to this obscene and infamous decades.
ROMA-Sometimes, coincidences ... On April 6 there is not only his trial with Berlusconi Milan-Ruby, Frankfurt is also meeting with the ECB. What have, that "we guessed" apart from just the coincidence of the date on the calendar? Nothing, except that the Rubygate in Italy may not move a vote and certainly not dislodge while governments that day, the same day, will start in Frankfurt, a move that big money can dry and divert rivers to consent to any prime minister, in particular the Italian one. On 6 April the European Central Bank will raise interest rates on the money, the governor Trichet has virtually announced, lacking only the stamp: "It is not certain but it is possible a rise in interest rates next month." When a governor speaks well for the markets means that it is done and that everyone, businesses, governments and families, workers, unions, investors and banks are already starting to bounce off the accounts. Accounts that will change for all accounts and Italy will be bitter.
will not be a chain of rising interest rates in the April 6 that only the first link: Trichet tried to warn without scaring. But it will increase from one percent to 1 and 1 and 25 if not 50. An increase of 25 or 50 percent of the cost of money. Italy pays each year about 70 billion public debt interest, and soon became more than seventy billion, aiming to eighty. Of the Tremonti will have to pay more to find the tax because, in short, with taxes or cutting public spending. In both cases, the public opinion and elections, will not like. Will pay more companies that are financed by banks, will therefore be more difficult than it already today are not at relieving unemployment. Their products will cost more and therefore have higher prices they sell in international markets. And since today's market, the Italian domestic demand has stagnated or stagnated in most areas, because those who sell mainly sold abroad will be another disappointment, and nervousness about the system and men of business. And the citizen-consumers will, in any shop or supermarket every morning in front of the bitter "why" of rising interest rates: inflation, the price increase that the ECB is now estimated on average for 2011 of between 2 and 2, 6 percent. European average, Italy is in the front row of seats. It seems little, relatively low average between 2 and 2.6 per cent. But what impresses is the speed: just one month ago the ECB's estimated the "fork" between a point three and 2.3 per cent, inflation is minimal, the "floor" has increased by 0.7 points in a few weeks. Try Trichet calcorare and say that the cure against inflation, precisely the rate hike will not hurt too much to the economic recovery of Europe: the ECB's estimated recovery on a European scale between a point three and 2.1 per cent in 2011. Just yesterday estimated that a "fork" between 0.7 and 2.1 per cent. Therefore we also raised the "floor" of the recovery, by 0.6 points. But Italy is in the lead in terms of inflation in that queue as a percentage of recovery. Then slide on the "floor" good, that the recovery remains nailed to the floor and bad, that of inflation.
ends, start to finish the period that has lasted three years warranty, money and public debt to put all of society more or less sheltered from the direct impact of the global financial crisis. Cracks and the relative invulnerability of the portfolios of family assets before the great economic crisis. Europe is going to live with inflation, which shaves three per cent, Southern Europe sforerà fact that barrier. Inflation is a tax, and tax, income and assets. Fee required to dry at least in part the sea of \u200b\u200bdebt "sovereign", ie the states. Tax that can easily pay countries where GDP increases and the recovery fee that will be painful and almost unbearable where this does not happen or is in slow motion.
The April 6th in Milan at the Palais de Justice perhaps nothing will happen and even in the Palazzo Chigi and Palazzo Grazioli. Although the spotlight will be focused on those buildings that day, Italy looking there and only there could have the impression that nothing really happens and moves. It probably will not go wrong: the process will probably not ever to the end, Berlusconi will remain chairman of the Council, it will change neither the government nor the majority and there will be neither resignation nor elections. Will not move anything except the "floor" under the feet of the economy, businesses, families. But it will happen in Frankfurt and we seem to squint myopia, if something exists, a far away place.
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