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PM Gentiloni’s government, the new configuration of the Italian political system

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[yt_dropcap type=”square” font=”” size=”14″ color=”#000″ background=”#fff” ] T [/yt_dropcap] he government led by Paolo Gentiloni, obscure Foreign Minister of the vacuous but electrifying Renzi’s government, replaces the previous government but also marks the start of a new political configuration.

The aims of this new government will be the return to the proportional representation voting system, with a small hurdle (3/4%) and a new role played by the government in mediating among the Parliamentary forces and between them and the President of the Republic.

The Democratic Party (PD) will play the same role as the former Christian Democratic Party (DC), Grillo’s Five Star Movement will play the same role as the old Communist Party (PCI) and Meloni’s Brothers of Italy – National Alliance and Salvini’s Northern League will play the same role as the former national right party, Italian Social Movement (MSI).

This government seems to be follower of the liberal laissez-faire approach, but only because it has no impact on various situations and problems. It is also an inert and inactive political system, because Italy is increasingly irrelevant on the international economic scene, of which not only does it not manage some flows, but does not even know how to do so.

The current government is certainly a “photocopy” of Matteo Renzi’s, considering that the rude and ill-mannered “little boy” of Rignano sull’Arno has not lost the election, but only a referendum on a bizarre law reforming the representation system that he had overburdened so much with values and effects, it had not, to vex both his supporters and the majority of voters.

What was particularly irritating were the stadium cheer, the never-ending repetition of slogans and the glib tongue of the “little boy” from Pontassieve, never letting others retort or raise objections .

Now, de facto, he is still the leader inspiring and controlling most of Gentiloni’s government actions.

It is a new form of Parliamentary system, the so-called “ventriloquial” government.

However, what does the new President of the Council of Ministers, Paolo Gentiloni, plan to do?

In his speech before Parliament he dwelt – with sloppy language – on the main actions to be taken with a view to achieving the well-known Italy’s “relaunch”.

A sloppy language is indicative of a lack of ideas.

Firstly, in his opinion, our economy – which is “recovering” – must not miss the opportunity of the new trend of global growth.

The usual refrain by Matteo Renzi, who knows nothing and gets thrilled for everything.

Neither the Italian recovery nor the global growth trend are materializing.

According to SVIMEZ, since 2008 the industrial production has fallen by 35% and investment by 59%.

In Italy the current unemployment rate is 11.4% and, according to the European Commission, a further 12% of people have left the labour market.

In the South of Italy, the youth unemployment rate is huge: 65% in Calabria, 56% in Sicily and 53% in Campania, despite the fact that every year 100,000 young people migrate abroad from the South.

Banks – which, in Gentiloni’s opinion, are “basically sound” – record a 20% share of non-performing loans, which is the highest level in Europe.

Moreover, the European Stability Pact prevents Italy from creating a “bad bank” where all these non-performing loans can be channelled.

According to the strange EU legal experts, this would be a sort of “State aid” that the naïve EU institutions and experts consider Absolute Evil.

Spain, however, did so and Germany backed its Landesbanken which were floundering in a deep crisis.

Furthermore the European Union imposed penalties also on Real Madrid, Barcelona and five other Spanish football clubs, whereas – with an absent-minded and inattentive approach – it is thinking of accepting State aid to the bank Monte dei Paschi di Siena.

The EU has no single and unambiguous policy, despite the endless codicils of its rules and regulations.

If banks – which are not “an aid to recovery”, unlike what maintained by the optimistic Paolo Gentiloni – have run up too much debt to survive, the option will only be the arrival of the Troika.

Germany “called” it for us on December 6, by stating that the new Gentiloni’s government should ask for an aid program to the European Stability Mechanism (ESM).

Germany even wants the IMF’s parallel support.

Furthermore the German leaders and politicians maintain that if the new government does not truly modernize the country, there will certainly be the Italexit from the euro.

This is the reality we have to face, which is a thousand miles away from the optimism of Gentiloni’s new “photocopy” government.

On top of it, we need to carefully consider the situation of the small entrepreneurs and young people who leave the country to go and work abroad – currently an uncontainable flood of people.

Between 2008 and 2014 as many as 14,000 small and medium-sized companies (SME)were wiped away. In 2015 a lower number of companies exited the market due to bankruptcy proceedings or voluntary liquidation procedures – less than usual, but the trend has not been reversed yet and it has not returned to pre-2008 levels.

There is no Italian economy without the SMEs: they record a turnover of 838 billion euros, a value-added equal to 189 billion euros and a debt to the tune of 255 billion euro.

Hence the weak recovery depends on the severe lack of investment.

And where can we find governments’ ability to attract foreign and national capital for the industrial revival, considering that investment is falling in every part of the world, except for China and the Russian Federation?

In 2015 alone, over 107,000 Italian citizens left the country.

Five million Italians already live abroad – 36.7% in the 18-34 and 35-49 age groups.

A huge stream of people that impoverishes professions and innovation. This is also a cost, which the State and families bear without having any benefit, amounting to 700,000 euros per each graduate leaving the country.

Not to mention the many entrepreneurs who committed suicide because of the crisis.

In the first half of 2016 the cases of suicide for economic reasons have been 81, involving both workers and entrepreneurs at the same time.

36.4% of the total number of suicides for economic reasons were committed by entrepreneurs who could no longer run their companies and pay their workers.

In 2015 the rate of entrepreneurs who committed suicide was equal to 46.1%.

There exists no elsewhere in Europe the same amount of entrepreneurs committing suicide. This means that the nice story told by Italian governments and Italian research centres on the “magnificent and progressive fate” – just to quote the verse that Giacomo Leopardi took from his cousin, Terenzio Mamiani, to ironically challenge his blind belief in the unlimited and extraordinary progress for the human race – .is only a beautiful fairy tale.

With a view to redressing the budget deficit, the Italian GDP should grow at least at a 1.3% pace for the next six months, thus enabling Italy to achieve a deficit-GDP ratio slightly over 2%.

Reverting to the new Gentiloni’s government, we need to recall the gaffes made by the current Prime Minister.

The abstention on the UNESCO Resolution denying the link between Judaism and the sacred sites of Jerusalem was presented by the then Foreign Minister Gentiloni as a success for the “yes” vote, with endless and irrelevant digressions and cogitations.

Not to mention an explicit desire to cede sovereignty to the EU shown in a twitter of 2012.

We have governments that have long wanted only to go on holiday and leave everything in the hands of the European Union, which is not necessarily our ally but also our competitor.

It is also worth recalling Gentiloni’s advice to Donald Trump not to change his policy on nuclear power, Iran and climate and how the President-elect reacted on these three topics.

Let us not forget, however, the most severe issues, such as India, which fooled us – when Gentiloni was Foreign Minister – on the exhausting and shameful matter of the two Italian marines.

Not to mention the tragedy of the Italian researcher, Giulio Regeni, in which the then Foreign Minister did not touch a ball, thus leaving even the Egyptian leaders speechless.

Finally not a gaffe, but a truth, namely the statement of the then Foreign Minister Gentiloni that there are also terrorists on migrants’ boats – a truth soon denied by him, for fear of the left representatives within the government.

It would take America to delegate our foreign policy to him, but this is not the case.

And indeed Renzi’s US myth looked like the replica of the well-known character of Nando Mericoni in the movie An American in Rome, a satire of Americanization starring Alberto Sordi.

We should also add the project for a “Syrian transition beyond Assad” – one of Gentiloni’s singular and far-fetched idea, given what is happening on the ground which, however, can be understood if we consider the great and sometimes funny servility of this government and the previous Renzi’s government vis-à-vis America.

And what about his crazy cry at New York’s Italian Consulate on September 23 last, when he concluded his speech by shouting “Go, Hillary, go” at the top of his lungs?

An allied country must not interfere in the affairs of a friendly State, let alone Renzi’s funding of Hillary Clinton’s election campaign – an unlawful and dangerous behaviour.

Gentiloni also expressed full solidarity with Turkish President Erdogan after the failed coup, not to mention Italy’s full support for Fayez al-Serraj in Libya, the politician the international community “chose” as new leader in Libya.

The fact is that al-Serraj rules just on his palace along the shores of Tripoli, whereas it would have been smarter to distribute our support to the major non-jihadist parties involved.

But now our foreign policy is in the hands of mere amateurs who serve others’ interest rather than our own.

There is no longer Italy’s national interest, but only the provincial and narrow-minded rhetoric of politically correct which is turned into foreign policy by these petty politicians.

Advisory Board Co-chair Honoris Causa Professor Giancarlo Elia Valori is an eminent Italian economist and businessman. He holds prestigious academic distinctions and national orders. Mr. Valori has lectured on international affairs and economics at the world’s leading universities such as Peking University, the Hebrew University of Jerusalem and the Yeshiva University in New York. He currently chairs “International World Group”, he is also the honorary president of Huawei Italy, economic adviser to the Chinese giant HNA Group. In 1992 he was appointed Officier de la Légion d’Honneur de la République Francaise, with this motivation: “A man who can see across borders to understand the world” and in 2002 he received the title “Honorable” of the Académie des Sciences de l’Institut de France. “

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Hungary’s Victor Orban uses soccer to project Greater Hungary and racial exclusivism

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Image source: veja.abril.com.br

Hungary didn’t qualify for the Qatar World Cup, but that hasn’t stopped Prime Minister Victor Orban from exploiting the world’s current focus on soccer to signal his Putinesque definition of central European borders as defined by civilization and ethnicity rather than internationally recognized frontiers.

Mr. Orban drew the ire of Ukraine and Romania for wearing to a local Hungarian soccer match a scarf depicting historical Hungary, which also includes chunks of Austria, Slovakia, Slovenia, Croatia, and Serbia.

It was the second time in a matter of months that Mr. Orban spelt out his irredentist concept of geography that makes him a member of a club of expansionist leaders that includes Russia’s Vladimir Putin, China’s Xi Jinping, Israel’s Benyamin Netanyahu, and members of the Indian power elite, who define their countries’ borders in civilisational rather than national terms.

Speaking in July to university summer camp students in Romania, which is home to 1.2 million ethnic Hungarians, Mr. Orban insisted that “Hungary has…national…and even European ambitions. This is why…the motherland must stand together, and Transylvania and the other areas in the Carpathian Basin inhabited by Hungarians must stand together.”

Responding to Ukrainian and Romanian objections to his scarf, Mr. Orban insisted that “soccer is not politics. Do not read things into it that are not there. The Hungarian national team belongs to all Hungarians, wherever they live!”

Hungary has accused Ukraine of restricting the right of an estimated 150,000 ethnic Hungarians to use Hungarian in education because of a 2017 law that curbs the usage of minority languages in schools.

Slovak Prime Minister Eduard Heger presented Mr. Orban with a new scarf at a recent summit of Central European leaders in a twist of satire. “I noticed that Viktor Orban has an old scarf, so I gave him a new one today,” Mr. Heger said on Facebook.

Mr. Orban’s territorial ambitions may pose a lesser threat than his supremacist and racist attitudes.

Those attitudes constitute building blocks of a cvilisationalist world that he shares with Christian nationalists and Republicans in the United States, as well as a new Israeli coalition government that Mr. Netanyahu is forming. Mr. Putin has used similar arguments to justify his invasion of Ukraine.

In contrast to Mr. Putin and potentially Mr. Netanyahu, depending on how the Biden administration responds to his likely coalition, Mr. Orban is on a far tighter leash regarding territorial ambition as a member of NATO and the European Union.

As a result, far more insidious is what amounts to a mainstreaming of racism and supremacism by men like Mr. Orban, Mr. Netanyahu, and former US President Donald Trump, who consistently mainstream norms of decency and propriety by violating them with impunity.

Speaking a language shared by American Christian nationalists and Mr. Netanyahu’s potential coalition partners, Mr. Orban rejected in his July speech a “mixed-race world” defined as a world “in which European peoples are mixed together with those arriving from outside Europe.”

The prime minister asserted that mixed-race countries “are no longer nations: They are nothing more than conglomerations of peoples” and are no longer part of what Mr. Orban sees as “the Western world.” The prime minister stopped short of identifying those countries, but the United States and Western European nations would fit the bill.

In a similar vein, Mr. Trump recently refused to apologise for having dinner with Ye, a rapper previously known as Kanye West, who threatened he would go “death on con 3 on Jewish people,” and Nick Fuentes, a 24-year old pro-Russian trafficker in Holocaust denial and white supremacism.

Mr. Trump hosted the two men at Mar-a-Lago, his Florida resort, just after launching his 2024 presidential election campaign. Mr. Ye “was really nice to me,” Mr. Trump said.

Candidates backed by Mr. Trump in last month’s US midterm elections, including Hershel Walker, who is competing in next week’s runoff in Georgia, have similarly felt comfortable associating themselves with Messrs. Ye and Fuentes.

Mr. Fuentes asserted days before the dinner that “Jews have too much power in our society. Christians should have all the power, everyone else very little,” while Mr. Ye’s manager, Milo Yannopoulos, announced that “we’re done putting Jewish interests first.”

Mr. Yonnopoulos added that “it’s time we put Jesus Christ first again in this country. Nothing and no one is going to get in our way to make that happen.”

Featured on notorious far-right radio talk show host Alex Jones’ Infowars, Mr. Ye professed his admiration of Adolf Hitler. “I like Hitler,” Mr. Ye said, listing the various reasons he admired the notorious Nazi leader.

Mr. Netanyahu’s likely coalition partners seek to legislate discriminatory distinctions between adherents of different Jewish religious trends, hollow out Israeli democracy, introduce an apartheid-like system, disband the Palestinian Authority, expel Palestinians “disloyal to Israel” in what would amount to ethnic cleansing, deprive women of their rights, and re-introduce homophobia.

Avraham Burg, an Israeli author, politician, businessman, and scion of a powerful leader of a defunct once mainstream religious political party, warned in 2018 that Messrs. Orban, Trump, and Netanyahu “are the leaders of paranoia and phobia.”

Mr. Burg cautioned that they represent “a global phenomenon that crosses all boundaries, ethnic, racial, or religious, gathering into a tribal ghetto that is smaller than the modern state, which is diverse and inclusive of all its citizens. Their fierce antagonism to the foundations of democracy and the attempt to do detriment to as many accomplishments and benefits of the open society as possible are evidence of inherent weaknesses and real existential fears.”

Mr. Burg’s dire vision is even more a reality today than when he spoke out four years ago.

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Strong will to enhance bilateral relations between Serbia and Pakistan

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Although the Republic of Serbia and the Islamic Republic of Pakistan are two sovereigns, independent states, with different cultures, religions, languages, histories, and ethnicities. One is located in Europe and the other in Asia. Yet, there exist so many similarities and commonalities, which provide a strong basis and convergence of interests.

Both, Serbia and Pakistan, are developing countries and struggling to improve their national economies and the standard of life of respective nations. Both nations were victims of the Western world and sanctions. Ugly media has been projecting a distorted image of both countries. Hindrances created by Superpowers in the path of development are a common phenomenon in both cases.

People in both countries are hardworking, strong, resilient, and capable of surviving in harsh circumstances. Both have demonstrated in the past that they can resist pressures from any superpower. Both have learned the lessons from past bitter experiences and are determined not to repeat the same in the future.

In my recent visit to the Republic of Serbia, I noticed that there exists a fair awareness in Serbian regarding Pakistan. I came into a cross with the general public and common people and they know a lot about Pakistan. They have shown strong feelings for Pakistan. There exists immense goodwill for Pakistan among Serbian youth.

Both countries are in the process of industrialization and promoting trade. Currently, both countries are earning from the export of workforce and human resources. Serbian youth are working in Western Europe and sending back foreign exchange. And Pakistan workforce finds a convenient destination in the Middle East for earning more and sending back foreign exchange to Pakistan. But, both nations have the potential to earn through export and foreign trade.

Serbia is known as the gateway to Europe and Pakistan is the gateway to Oil-rich Middle East, South Asia, East Asia, Central Asia, and Eurasia. Both countries can utilize each other for re-export too.

Both countries are far away from each other but, a strong bond of friendship and mutual understanding is admirable. Based on the convergence of interests, we can cooperate with each other. Especially can help each other in their areas of weaknesses and benefit from each other’s strengths.

Serbia has vast cultivatable land and is rich in water resources, very niche in the agriculture sector. Whereas its population is limited to only 7 million approximately. While Pakistan is 250 million population and a strong workforce in the agriculture sector. Both nations can positively collaborate and cooperate in the Agriculture sector.

The Republic of Serbia is in the process of Industrialization, especially in the automotive sector, whereas, Pakistan has a strong base for industrialization and is rich in the technical and skilled workforce. Pakistan has established a rich supply chain for industrialization and Serbia can benefit from Pakistan’s strength.

Science, Technology, Research, Innovation, and Higher Education is the important area where both can benefit from collaboration and cooperation. Pakistan has world-ranked Universities, recognized globally with English as a medium of study, and can meet the demand of Serbian youth. Whereas Serbia has the edge in the IT sector, Pakistani youth can be beneficiaries of Serbian facilities.

However, to achieve the real benefits from each other’s strengths, there is a need to do a lot of homework. There is a dire need to promote people-to-people contact and mutual visit at all levels. Scholars, intellectuals, academia, and media can play a vital role in bringing both nations closer.

Governments in both countries may take appropriate policy measures to strengthen the relations like relaxing visa regimes, removing tax barriers, and introducing attractive policies to each other’s nationals in various fields of life.

To promote trade, Free Trade Agreement (FTA) can be signed among them and formulate a trade policy benefitting each other. Similarly, investment mechanisms need to be devised to attract investment from each other country.

Media has a long-lasting impact and collaboration between two nations in Media will greatly help to build a positive narrative of both countries and simultaneously need to counter negativism in the ugly media in some countries over-engaged in distorting our image.

There is a strong will to enhance our bilateral relationship between the two nations, and whenever there is a will, there is a way. I am optimistic that bilateral relations will grow exponentially in the days to come.

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The Economist: “Europe looks like… a sucker”

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© European Union 2019 – EP

Don’t be fooled by the rush of good news from Europe in the past few weeks. A brutal economic squeeze will pose a test of Europe’s resilience in 2023 and beyond, – predicts “The Economist”.

There is a growing fear that the recasting of the global energy system, American economic populism and geopolitical rifts threaten the long-run competitiveness of the European Union and non-members, including Britain.

Energy prices are down from the summer and a run of good weather means that gas storage is nearly full. But the energy crisis still poses dangers.

Gas prices are six times higher than their long-run average. On November 22nd Russia threatened to throttle the last operational pipeline to Europe. Europe’s gas storage will need to be refilled once again in 2023, this time without any piped Russian gas whatsoever.

The war is also creating financial vulnerabilities. Energy inflation is spilling over into the rest of Europe’s economy, creating an acute dilemma for the European Central Bank. It needs to raise interest rates to control prices. But if it goes too far it could destabilize the Eurozone’s weaker members, not least indebted Italy.

Too many of Europe’s industrial firms, especially German ones, have relied on abundant energy inputs from Russia. The prospect of severed relations with Russia, structurally higher costs and a decoupling of the West and China has meant a reckoning in many boardrooms.

That fear has been amplified by America’s economic nationalism which threatens to draw activity across the Atlantic in a whirlwind of subsidies and protectionism. President Joe Biden’s ‘Inflation Reduction Act’ involves $400 bn of handouts for energy, manufacturing and transport and includes make-in-America provisions.

In many ways the scheme resembles the industrial policies that China has pursued for decades. As the other two pillars of the world economy become more interventionist and protectionist, Europe, with its quaint insistence on upholding World Trade Organization rules on free trade, looks like a sucker.

Many bosses warn that the combination of expensive energy and American subsidies leaves Europe at risk of mass deindustrialization.

Compared with its pre-COVID GDP trajectory, Europe has done worse than any other economic bloc. Of the world’s 100 most valuable firms, only 14 are European.

America’s financial and military support for Ukraine vastly exceeds Europe’s, and America resents the EU’s failure to pay for its own security.

America is irritated by Europe’s economic torpor and its failure to defend itself; Europe is outraged by America’s economic populism.

…High-level relationship – where will it all lead to?

International Affairs

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