Sunday, May 18, 2014

Italy asks a chance, not the chatter – The Arena

Just like Monti and Letta before him, Matteo Renzi has slumped economy. Do you remember with what satisfaction Monti claims recorded “victories” of his government, the spread downhill, international respect? But growth had not been seen.
How to Letta, an interviewer expressed his belief that foreign thought of him that was to have “two balls as well” (his words) for the firmness with which he drove the economy. But rather than impose new taxes did not.
Renzi, the most talkative of the three non-elected that we have ruled in recent years, not a day goes by without some new ads. In words. But in practice? Just some payments to suppliers of the State of sums stradovute. Thursday came his nemesis.
Yes, nemesis. The statistical data for the first quarter showed that the GDP has gone down again. On the same day the Cerved reported that between January and March were 3,811 business failures, 4.6% more than in 2013: a new record. The stock market reacted with a fall of 3.6% and the German ten-year spreads jumped to 180. Triumphalism Renzi did not change anything. The recovery is there, but only in the rest of Europe; Italy moves back and maybe he’s falling back into recession. The government has not been able to do anything about it.
The economic problem of our country is not easy to diagnose. We have to compete with countries where labor is cheaper, or with the level of technology is better. The cost of the work to us is not high because workers are well paid, but because taxes are overwhelming.
The morale of the workers and entrepreneurs is low because the product of their work is confiscated by a caste who uses it to pay for their luxuries and not to facilitate productive activity. On the contrary, the bureaucracy hampers and punishes those who want to earn their bread honestly. The young and old who have marketable skills when they go abroad.
The remedies are simple. Reduce the cost of politics and administration. Encourage businesses that export. Simplify the bureaucracy. Ensuring young people’s lives and hit the rogue with severity. Renzi the plants to advertise with fine words, Berlusconi has already done it for twenty years. Face, and then let us find out all you have done. Italy needs a chance, not more talk.
Paolo Brera
rerum.scriptor @ yahoo.fr

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