Marino Cecchetti: “That billion and a half”

Last week the report on the second “phase” of the “Council Commission of inquiry into alleged political or administrative responsibilities that involved the Credito Industriale Sammarinese – Banca CIS company and on banking crises“.

The report on the first phase (Banca CIS) was examined in CGG in October last year. And although it was signed by all the members of the Commission, the parties in the CGG split and, in a climate of political brawl, several agendas were presented.

The second phase also ended with a unique relationship.

The debate in CGG begins today on it. At the end, will there be only one agenda or will the parties return to divide? The report on the second phase of the investigation, among other things, quantifies the damage that resulted to the state from the ‘invention’ of the so-called financial center, that is, the ‘crazy’ operation undertaken by politicians around the year 2000.

The Commission has plumbed the abyss into which the “blindness” of that “ruling class” plunged the country, as an Italian parliament in the neighborhood observed at the time.

Now we know “the amount of direct and indirect interventions that the State has had to carry out to support and support the banking system“. According to the report, “the final balance” to date “reaches the remarkable figure of 1,576,740,000 euros”. That is, it is equal to our current public debt.

In the past, those who – such as the signatory of this article, as early as 2010 – dared to connect the political business undergrowth of the financial center to the management of public accounts, were pointed out as “enemy of the Republic“. And dragged to court.

Article taken from The information of San Marino, published in full after 6 pm