RECOVERY FUND AND TASK FORCE: OR PLACE FRIENDS TO HANDLE MONEY PAID WITH THE BLOOD OF ITALIANS.

To hide the MES under the carpet we try to pull out the "Recovery Fund", in a fun way, assuming that the two elements are connected and therefore "If we do not approve the reform of the first, we will not have the second", following the contiana "Logica del Pagghetto", which, basically applied, would take away any usefulness and sense from the national governments and from the lawyer of Foggia himself.

First of all: where are we with the Recovery Fund, or RRF (Resilince & Recovery facility) translated into Italian or “Next Generation EU”?

We are the zero point.

Even if Conte ignores the EU budget and the Recovery Fund, especially on the part of the loans, it is still at zero point. The veto of Hungary and Poland linked to the rule of law has not yet been overcome, indeed there are two different alternatives on the table, which will be discussed at the end of this week:

a) Interstate initiative at 25, leaving out Hungary and Poland. Possible, but a bad sign for democracy;

b) revision of the decisions on the rule of law, as requested by Mrs. Merkel, to return to a solution that is acceptable to both countries, rebuilding European unity.

Whatever the outcome, however, the Recoveri Fund is not something immediate, but will even be subject to possible renegotiations. But let's pretend nothing is happening and that everything is fine.

Now Conte has prepared an employment plan that La Verita presented, even graphically, very well and in detail:

First of all we are at 196 billion, because other programs (Invest EU for example) are managed separately. Now the struggle has shifted to the control of this money, with Conte thinking of managing it himself, alone, with his usual task forces of hundreds of people, and Renzi on a war footing, in this case rightly, stating that Parliament exists. and ministries to manage the money. Conte is turning into a power, at least in his own words, huge and abnormal.

But no one tells the truth about this money, sowing illusions or, frankly, BALES. Then we provide it to you:

1. the part of the loans is made up of… loans, so they MUST BE RETURNED and, like the SURE, they cannot be renewed. This is a specific request, made sine qua non by the Nordic countries, which did not want to avoid the emergence of permanent European debt;
2. the non-repayable part is expected to be financed both with greater contributions from individual states, and as "Own Means" of the Commission, ie with new taxes on plastics, financial transactions, polluting energy etc. Beyond the fine words there will be new indirect taxes on consumption for an already harassed reality.

In the end, the economic effect will be minimal, but the management of this money is coveted by DEEP STATE. After all, it is said that when a lot of money goes by, someone always sticks, maybe even legally, peer charity. At the same time, thinking that truly this type of operation can lead to positive economic results is guilty of illusion, and for two simple reasons:

• they are all zero-balance measures between income and expenses. the only advantage is a slight time gap between the two items, but not that high. How a measure in which ceps are offset by direct or indirect tax revenues remains a mystery;
• investments in the “Green Transition” will be a very low return investment economically. Or rather they will be able to return if linked to strong constraints on citizens that will turn into strong contractions of their purchasing capacity. If I give incentives for electric cars and increase gasoline with taxes, I will have the transaction, but on the skin of Europeans. Likewise, if I close an oil-fired power plant to replace it with conventional solar roofs, I will still have an increase in costs for the community.

The Recovery Fund, or rather RRF, will not have the effect of strengthening the European economy, but rather will make it closed, introverted and inclined to protectionism. The opposite of what the founders of the Economic Community wanted and which made the wealth of the old continent grow up to the 1990s. We will meet, with the RRF (or PRR …) a decrease, and not even very happy.

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The article RECOVERY FUND AND TASK FORCE: OR PLACE FRIENDS TO HANDLE MONEY PAID WITH THE BLOOD OF ITALIANS. comes from ScenariEconomici.it .

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This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/recovery-fund-e-task-force-ovvero-piazzare-amici-per-maneggiare-soldi-pagati-con-il-sangue-degli-italiani/ on Tue, 08 Dec 2020 17:17:40 +0000.