THE DOUBLE BLACKMAIL THAT WE PAY


What nobody says is that in September we will have a government for the handling of current affairs led by Mario Draghi under the double blackmail of the peak of the demagogy of the electoral campaign and the peak of the global gravity of the economic situation. We will live the worst moment of the parties that will go crazy to take a vote just when there would be a need for a government that decides strongly on their contribution. We risk facing the winter in the worst possible political conditions thanks to the irresponsible myopia of those who decided to blow up the Draghi government. Because facing the elections next spring would have been a completely different scenario. It is clear that if the rest of the world is going badly, even for an exporting country like the Italian one, they are pains. Equal dollar euro, skyrocketing gas, Fed and ECB with the feathers of the hawk are already making the Italian stock exchange lose today more than the others and are already dancing spreads and yields

We have witnessed a struggle between political professionals at the highest levels and the hunt for people who could make a show by choosing from the faces of the TV even when it comes to looking for men of economics who are often not economists or people capable of solving problems. . We have catapulted from one territory to another women and men of all ranks and experiences, putting the relationship of trust with the communities of citizens-voters to a severe test. We slipped into the search for young flags only to discover that they weren’t who we thought they were. Lightly glossing over the fact that implementing a policy for young people means adopting policies that create paths of professional growth and economic satisfaction for them, not asking them to play parliamentary roles where an experienced minimum of cursus honorum is required to live up to the task.

This was the hunt for the candidate of the most masochist of the electoral campaigns of the fake Italian bipolarism that forces you to make wood with what is there but has for some time set fire to every completed country project. A daily hit of 41 quota that exceeds the Fornero law for pensions by blasting the safeguard clause of our public debt and the future of our young people or of flat tax at 23 or 15% what difference does it make since we have 40 billion at the start to find and we promise to give away at least 100! Not to mention the latest idea of ​​the national gas price cap that flew just under 300 euros per megawatt hour in Russian predatory skies left free by European inertia, but which if you want to make people believe you can solve the problem at home becomes the latest tribute to electoral propaganda. Because this national ceiling is the best way not to bring down the price per megawatt hour of the supplier Putin, but to make supplies to Italy disappear completely so that companies no longer go to fits and starts due to expensive energy but close immediately directly. We are not Spain and we do not have its closed circuit, also because building a regasification plant is almost like going to Mars. We are at the festival of electoral attention to problems which is precisely what Italy can no longer afford.

We are going through a very difficult season in the worst conditions and it is right that voters remember who threw us in this corner for a myopic delusion of polling power and widespread irresponsibility. Just as to be rejected is the subliminal message that comes from these candidacies that it is not important that parliamentarians understand something because they only have to press a button according to what is decided elsewhere. The country needs political personalities who impose themselves at home and abroad and competent people who know how to do things.

The Church comes to say that it is true that the vote is no longer oriented, but also that it has not yet succeeded in the task of orienting consciences.

Let’s make it short. Because it is not possible to promote leaders who are able to stay on the scene without disarray simply by declaring the truth. Because what nobody says is that in September we will have a government for the handling of current affairs led by Mario Draghi under the double blackmail of the peak of the demagogy of the electoral campaign and the peak of the global gravity of the economic situation. We will live the worst moment of the parties that will go crazy to take a vote just when there would be a need for a government that decides strongly on their contribution. We risk having a moment of serious panic when the electoral result comes out both if the center-right clearly wins and if it wins by measure due to the surprise exploits of the new center.

We risk having, we have a duty to say, two key months in total chaos to arrive well at the end of October for the crucial turning point. We risk facing the winter in the worst possible political conditions thanks to the irresponsible myopia of those who decided to blow up the Draghi government. Because facing the elections next spring would have been a whole other scenario as the worst good or bad would have been dealt with. But no, we like the story of the catastrophe and we work for it to arrive. We continue to tell that we will winter in the cold underestimating that we are the only country that has managed to put a large part of the reserves in the farmhouse for the simple reason that no one is able or wants to enhance the fact that you can govern, obviously if you leave. that there is someone capable of governing.

The fact that inflation in Italy is 8% and in Europe 10% is not something to be underestimated in an extremely problematic context, but even this data is absorbed in the electoral cauldron of catastrophism at any cost. That the National Recovery and Resilience Plan (Pnrr) has hit all targets and, above all, has been secured through a new centralized governance with new superpowers in relations with the administrative courts, take over at central level when territorial inefficiencies emerge and real-time monitoring of the State General Accounting Office, it is hard to hear it while it is an anthology of statements to re-discuss everything and make Italy lose the last train available to get out of the twenty years of stagnation and make the country run to a growth rate of nearly 10 points of gross domestic product (GDP) in eighteen months.

I say these things simply because the international situation is very serious and can really blow up entire Italian energy-intensive sectors, from paper mills to steel to ceramics, so that there was absolutely no reason to start hurting yourself while we were getting better. of everyone and continue to hurt oneself now by underestimating or omitting all that good has been done. I say these things because many of the complex situations we have before us inevitably require a European response and the best Italian card we had to spend in Europe and in the world to solve those problems we, not the others, have decided to take it off the table. game. To be fully clear already today, but even more so from October 1st, the order of magnitude of the energy problem for Italian businesses and families is frightening and unspeakable.

We are facing a serious problem that requires rationing to limit the impact at home and a hard confrontation with the Dutch and Norwegians. We are at loan sharking and everything that is happening with 292 euros per megawatt hour at European level claims to enter “manu military” inside the Dutch state because every speculation like all shame has a limit and to face the Norwegian state face to face because it is one of the largest suppliers in the world and the second largest in Europe. It is no longer possible to joke with Draghi’s proposal for a European ceiling, this yes feasible because it is the non-replaceable buyer of 170 of the 210 billion of Russian megawatt hours, also because it is necessary to act before the Algerian greed rises beyond all limits.

Eni is well aware of these mechanisms and under the pressure of the Draghi government, respected by all, it has achieved important results. Whoever emerges victorious from the polls, starting with the favorite candidate who is Meloni and her side, will have to move along this well-traced path, avoiding making new budget variances and giving money to everyone, so much the debt is paid by young people because this means to say canceling the future of the country and because we already pay the interests of all these gifts in September and October with the spread that has already started to rise above 230 points and the ten-year yields have returned to 3.6%.

Let’s face it, the markets have already put us under observation. Because US monetary policy is not looking anyone in the face to fight inflation and the recession is already embarked on. Because Europe with the ECB seems to want to do the same and, above all, it has been made clear that it will act against the risk of fragmentation so that a more indebted country like Italy does not pay an excess price due to speculation and produces a misalignment in the transmission of monetary policy, but will not intervene to pay for Italian cheerful public spending or to finance new electoral shifts.

They are narrow paths from which one cannot go out even one millimeter because we live in a shared sovereignty and pacts must be respected. We need authority in the world and realism at home, these are the challenges that politics has before it in the government of the country. International observers will also be stricter because they have seen that with the Draghi government it was possible to achieve these goals. The picture of the world economy is turning for the worse and must be taken into account. The Bundesbank talks about inflation in Germany at 10%, two dry points more than Italy and a certain recession. England is worse off. China is not only weakened by the zero Covid policies but by a real decrease in participation in global trade. We have already mentioned the United States.

It is clear that if the rest of the world is going badly, even for an exporting country like the Italian one, they are pains. Equal dollar euro, skyrocketing gas, Fed and ECB with the feathers of the hawk are already making the Italian stock exchange lose today more than the others and are already dancing spreads and yields. It is absolutely necessary to avoid that the underlying reasons of the Italian economy that are better than the Spanish ones, just to give an example, should not succumb to the games of the markets on political risk because it is a price that we do not deserve and that we can no longer afford to pay.


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THE DOUBLE BLACKMAIL THAT WE PAY