Bitter Truth about the Hungary lobby, default Turin and Naples, the Starace (Enel) network, Rai dredata, pax Berlusconi-Bolloré

Bitter Truth about the Hungary lobby, default Turin and Naples, the Starace (Enel) network, Rai dredata, pax Berlusconi-Bolloré

Not only Rai, Sky, Mediaset and the default risks for 800 municipalities according to Il Sole 24 Ore. Facts, names, numbers, curiosities and controversies. Bits of press review in the tweets of Michele Arnese, director of Start

WHO DRAGONS DRAGONS

AMARA'S NAMES ON THE TRUTH

LAZZI AND SCHIAMAZZI ON RAI AFTER FEDEZ'S RAPPATA

THE SINGLE NETWORK ACCORDING TO STARACE (ENEL)

THE ACCOUNTS IN THE POCKET TO PEACE BERLUSCONI-BOLLORE

BITTER EXUBERS IN SKY

TURIN AND NAPLES ON THE EDGE OF THE DEFAULT

PRO LOCKDOWN INDIAN COMPANIES

GOODBYE COVER IN GERMANY

QUISQUILIE & PINZILLACCHERE

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EXTRACT FROM AN ARTICLE FROM THE SUN 24 ORE ABOUT TURIN, NAPLES AND THE MUNICIPAL DEFAULTS:

On the financial framework of the measures for the Municipalities built by the government in view of the "support-bis" ruled 80/2021 with which last Thursday the Constitutional Court judged illegitimate the rules on the long shelf of the extra deficits produced by the management of the fund on old debt-releasing advances. Very technical topic. But easy to read in its practical consequences. Translatable into a few, significant figures.

The Court ( Sole 24 Ore on Friday) said yet another "no" to the rules that allowed a thirty-year shelf-life. Consequently, the deadlines for covering the deficit are drastically shortened, in an "ordinary" horizon that should not exceed three years or the duration of the mandate. The annual coverage expense, therefore, swells.

According to the first estimates circulated among local accountants, the imbalance is likely to exceed 2.5 billion euros. Furthermore, concentrated in around 800 municipalities that since 2013 have requested the largest amounts of advances to pay invoices to suppliers, and which therefore do not have particularly healthy budgets. In many cases, with the stop at the quiet thirty-year shelf, the risk of failure becomes concrete. Among them, and here the problem becomes political, there are large centers like Turin, where the M5S mayor Chiara Appendino is in the Palazzo di Città in the last few months (she will not be re-nominated) and where the question can be worth over 350 million. And Naples, where the specter of default has come back, chased away several times in recent years, marked by "save-Naples" rules.

What the government has begun frantically to build is more generally an "account-saving" rule, which for now rests on a single certainty. Money is needed. And they serve quickly, because the sentence requires rethinking the budgets, to be closed by May 31, with the extra month just granted by the extension decree.


This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/amara-verita-sulla-lobby-ungheria-default-torino-e-napoli-pax-berlusconi-bollore-la-rete-di-starace-enel-rai-dragata/ on Tue, 04 May 2021 07:50:00 +0000.