Bank failures and public debt, all politics is responsible for the current situation
Unheard of are the mutual accusations of party representatives, who blame each other, especially three having discovered that one of the politicians benefited from unpaid bank loans. It is unacceptable that their names, as well as those of the big debtors, are not known! On the announced increases in utilities, the CSdL asks for state interventions in favor of citizens with lower incomes. Today’s news: the Secretary Lonfernini announced that it will probably be possible to contain the increase in bills by a lot. The CSdL will verify this
Yesterday’s episode of “CSdL Informa” was a particularly rich one, which ranged from the themes of the Commission of Inquiry into Banks, to public debt, to the announced increases in utility costs, to the pandemic situation and to the measures adopted by the Government. Giuliano Tamagnini, who as always conducted the broadcast, urged General Enzo Merlini to express his first assessments on the report of the Commission of Inquiry. “What emerges in the first place – began Enzo Merlini – is the impressive amount of State interventions to find the billion and 577 million euros needed to cover the holes in the banks. We said that 80% of the public debt originated from bank failures, instead it is even higher than this percentage. Actions have been initiated. It is evident that all politics in the last 20 years have contributed to a lot that our banking system was born and developed in absolutely out of place. The commission highlighted that banks are were issued in that entity and in such a short time because the tax shields of the time had already made a certain amount of money flow from the four historic banks, and therefore to recover it it was thought well to give birth to other credit institutions that start receiving money again “dirty” from Italy. The policy of, therefore, has decided to continue to maintain a system that was based on having a San Marino money that other parties cannot. Then we went through a period, that relating to the CIS bank, in which, following the defenestration of the top management of the Central Bank, Italy once again set its sights on us. In this bank the story of the famous clique took place, which gave birth to the ne plus ultra of the disaster. In a passage of the Commission it is written that the indemnities from the previous government to the administrations of Carisp were not applicable in the event of willful misconduct or gross negligence of those positions released to the facts committed in the exercise of their functions. The various governments that have taken turns, if they have not done so with intent, certainly have a grave fault in having contributed to determining the situation in which we find ourselves. Yet, despite this, we still hear politicians slaughtering each other, in attributing to each other the greatest responsibility for bank failures. All this cannot be heard! Especially when it comes to discover, this time in great detail, with the exception of the names, that several politicians – at least 30 – have benefited from bank loans, and therefore are also personally responsible for the holes that someone else has had to do. smooth out. It is likely that there are other politicians who owe money to the banks, but have hedged themselves behind someone else, who has exposed himself in their place. Is it permissible that these politicians will not be disclosed? We ask that all the big debtors of the banks be public, and if we believe we can fully verify their exposure, and to do this we must start with the politicians. If you don’t find out who these 30 people are, it will be another shame in shame! On the Varano affair, it seems that the proceedings that gave rise to all the troubles of the Cassa di Risparmio could end in a soap bubble. And therefore he would find to confirm the fact that that procedure had the precise purpose of putting the bank itself and the State of San Marino in difficulty. So for some we are victims; it is true, but it should also be acknowledged – and some councilors did – that that affair was a consequence of our unscrupulousness. “At yesterday’s tip, the Confederal Secretary William Santi, the FULI Secretary Agostino D’Antonio, the Secretary FUPI Antonio Bacciocchi, FUCS Secretary Stéphane Colombari, FUPS Secretary Elio Pozzi We know that there is an international speculative bubble, which has caused increases in the cost of energy and in risk of economic effects on households. savings. Specific measures and interventions are needed to protect those with lower incomes; we ask, as has been done in other European countries, including Italy, that the state also intervenes in this field to tariffs, especially for the economically weaker citizens. Unfortunately, at the moment we do not have the tools to verify the real economic availability and assets them of the people, and that would allow us to do interventions not at rain, but only for people with greater needs. The ISEE, the equivalent of the Italian ICE, would be the most indicative tool, and it is time for the State to activate it concretely. For example, about half of retirees have retirement income of up to € 1,500 per month; To avoid that the increases in the bill affect those subjects who have to deal with higher expenses, as they have health problems or have to bear the costs of the caregiver. Today’s news: at the end of the meeting on the amendments to the forecast budget 2022, the Secretary Lonfernini announced that it will probably be possible to contain the increase in bills by a lot. We will check if and how this will happen. On the Government’s measures on the pandemic, and in particular with respect to the PA sectors such as schools, the Government has taken restrictive measures late and with strong internal contradictions. One of the mistakes made was that all the preventive measures useful to contain infections – such as distancing, masks, sanitation – have been abandoned for long periods – so much so that our country until a few days ago was been ‘stormed’ by many people from the outside attracted by more permissive rules. With respect to the school sector, since before the beginning of the school year the union had asked to restart with the adoption of all the previously mentioned preventive measures, considering them absolutely essential. Instead this was not done; It was only today that students over 6 years of age were obliged to wear a mask, when it could have been decided much earlier. To date, the public administration has not fulfilled our request to equip all the teaching and non-teaching staff of the schools with masks. This is very serious, and testifies to the underestimation of the problem and the Government’s willingness to act on the level of prevention of contagion using all the useful tools available. Some interventions stressed that there were no contradictions between our requests, such as that of increasing the State contribution to the Pension Funds, compared to that of reducing the budget deficit. In fact, we believe that resources must be found where they are most concentrated. In this sense, the hypothesis of issuing government bonds aimed at the internal market is acceptable: the foreign debt risks strangling the country.
CSdL