White Christmas Reflections on the crisis battered
The crisis is not over. In fact, is beginning now.
plant them to listen to the buffaloes of the Premier and look at the world in the face. If we continue to survive, though many people still manage to put together lunch and dinner, it seems (but I do not think) that our country is reacting better than the others (even the best of Britain, which seems on the verge abyss) is only because we have a lot of Black impression that would in any other country in the First World.
Our leaders know this well, and that is why we have organized the largest amnesty ever calling the Tax Shield: 5% over the underground economy is an enormous figure. It will save the banks from liquidity crises much better than the Bond Tremonti who claimed to sell money to banks to 8.7% ... and they should sell it, that money, the banks, to cover costs and the assumption of credit risk related? Bearing in mind that the 6-month Euribor is now 1, 3% ... and that if you have an account with borrowing rate indexed to Euribor (instead of the traditional fixed-rate adjusted to the maximum allowed by law wear) probably do not pay 7-8% to the Bank ...
Imagine instead these funds within days (or the mattress home, or safe dentist ...): million euro in banks will make their products more "juicy" index-linked policies, unit-linked products, structured products, mutual funds, all those products from which a year now small savers are held far (preferring to lose by investing in Treasury bills ...).
I mean, other than manufacturing and virtuous country: our sin itself will save us?
will save the banks, for sure. But in spite of the crisis since the parameters of Basel 2 are alive and well and there are fears that Basel 3 will change everything to not change anything, I doubt that the salvation of the banks will mean salvation for small businesses today are denied access to credit. So what? And then probably end up like in other European countries is ending: the money that it will stop. For a long time. In economics, it seems that nobody ever learn the lesson from the past. The Bank has cost dear to the Joint European countries at the beginning of the century, is very expensive now. The reaction was, seventy years ago to ban it. Now, as the state tries to stimulate it, the banks are pulling back. But without delivering credit, with these rates, they can not survive for long.
The crowd closed the accounts, because it no longer be channeled salaries. Divestment, because it has to meet daily expenses, since the redundancy not enough. And buy less consumer goods and more scratch. Here, what is a rapidly growing sector. Even with the crisis, the dealer wins. Always.
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