DOCSLIB.ORG

Week in Review Week Ending 1 June 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Week in Review Week Ending 1 June 2018 Week in review Week ending 1 June 2018 Key highlights The Italian job It felt like one step forward, two steps back for Italy this week, as its 1. The Italian job two populist political parties – the League and Five Star Movement – persisted in their attempts to form a “neutral” coalition government. 2. U.S. tests EU metal After more than three months in administrative limbo, things were 3. A tasty treat for sandwich maker's staff looking up until President Mattarella vetoed their choice of finance minister – Eurosceptic Paolo Savona. His intervention effectively 4. And finally ... blocked the two parties joining forces and sparked outrage from supporters in both camps, with calls for the President to be impeached. Where have we heard that before? So another day, another deadlock, which markets did not like. Italian equities sold off and government bond yields surged to 2012 Greek- crisis levels, triggering contagion across other European markets mid- week. The Italian banks, already struggling to get back on their feet, were hit hard and some face the threat of ratings downgrades. By the end of the week, however, the political pantomime had taken on an entirely different complexion and some calm was restored. After the low-key ‘exit stage left’ of Mr Savona, the two parties revived their coalition plans, proposing Giuseppe Conte as Prime Minister for the second time in eight days. Mr Conte, having again accepted the President’s mandate to lead the country, presented a list of new, more palatable candidates for the key finance job, from which economics professor Giovanni Tria emerged victorious. So it looks like Italy’s current political impasse may have passed, with the new government sworn in on Friday. However, investors will likely remain cautious on what’s to come from Italy’s first populist Eurosceptic coalition. We watch and wait. U.S. tests EU metal Similar competition concerns had to also be allayed for European authorities to give their blessing. With the deal Not content with just the one trade war on his hands, almost sealed, we wonder if there has been a more President Trump has provoked anger from so-called attractive US/German coupling since Andre Agassi and “friendly” countries with his latest protectionist measures. Steffi Graf? Having previously granted a temporary ‘stay of execution’ to major trading partners the EU, Mexico and Canada on Given the week’s not inconsiderable drama, markets metal import tariffs, trade talks failed to secure a were unsurprisingly weak. To the close on Thursday, the permanent exemption. So, with effect from 1 June, imports FTSE World Europe (ex-UK) had lost 2.2%, while the FTSE to the US of steel and aluminium now face duties of 25% 100 and S&P 500 indices were 0.6% and 0.5% lower and 10%, respectively. respectively. In retort, Uncle Sam’s vexed trading partners have subsequently threatened retaliation by hitting the US And finally... where it hurts – in its blue jeans, bourbon whiskey and It would appear that President Trump has more than one Harley-Davidson motorbikes. ‘special’ Kim in his life. Demurely suited but still A tasty treat for sandwich maker's stilettoed, the seemingly ubiquitous Kim Kardashian West visited the Oval Office on Wednesday to discuss prison staff reform and sentencing. Indeed. Staff in Pret A Manger were just that little bit perkier this week. The two prolific tweeters issued positive posts afterwards. Could KKW, a former supporter of Hillary Clinton, be The soup and sandwich maker, currently owned by following husband Kanye’s lead and warming to Mr private equity firm Bridgepoint, has been bought by JAB Trump? Holdings in a deal reported to be worth £1.5bn. When the deal is concluded, every staff member has been promised Not forgetting the President’s other Kim, fresh a £1,000 bonus. negotiations for a North Korea/US summit in June were said by Secretary of State Mike Pompeo to be “moving in Elsewhere, after a near two-year courtship fraught with the right direction”. He enjoyed a lavish dinner date with knockbacks and wrangles, German pharma and Kim-Jong-un’s Vice Chairman, Gen Kim Yong-chol, in New chemicals giant Bayer has finally crossed the last hurdle York this week. in its proposed takeover of US agriculture firm Monsanto. Like any relationship, there has been give and take. Bayer Perhaps familiar with Albert Einstein’s view that “an had to agree to give up a $9bn chunk of its assets before empty stomach is not a good political advisor,” the two US antitrust authorities could approve the union – the men are said to have enjoyed steak, sweetcorn and “largest merger divestiture ever required by the United cheese, washed down with Islay Malt Whisky. States”. With such convivial interactions, we could see the historic rendezvous back on the table. Who knows what might be on that menu… Please talk to your financial adviser for more information The information contained within this document is based on Aberdeen Standard Investments understanding as at 1 June 2018. Nothing in this document is intended to or should be construed as investment advice or recommendations of any nature. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. Please rememberthatthe value of your investment can go down as well as up and may be worth less than you paid in. Source: Aberdeen Standard Investments, 1 June 2018. Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. Standard Life Assurance Limited is authorised by the Prudential Regulation Authority in the UK and is regulated by the Central Bank of Ireland for conduct of business rules. Standard Life Assurance Limited is registered in Dublin, Ireland (905495) at 90 St Stephen’s Green, Dublin 2 and Edinburgh, Scotland (SC286833) at Standard Life House, 30 Lothian Road, Edinburgh EHl 2DH. WIRCU T01 W2218 ©2018 Standard Life Aberdeen, images reproduced under licence. All rights reserved..
Load more

Recommended publications
  • Italy and Possible Implications for Eurozone Stability
    ITALY IMPLICATIONS Italy and possible implications for eurozone stability After Italy’s unsuccessful push for reform at the EU Summit last month, many of its European partners may be tempted to write-off the country’s concerns. However, this somewhat complacent stance may be dangerous in that it underestimates the recent shift in Italian political dynamics that culminated in the formation of an unexpected coalition government and the extent to which this may impact financial markets and potentially EU stability. Erik Jones Abstract: Italy’s recent election surprised many are not natural political allies. While there are observers who expected a hung parliament areas of policy overlap, the diverse nature of and who were subsequently caught off guard the M5S’s political movement, its relatively by the success of the right-wing Lega and the more expensive policy agenda, and Lega’s populist Five Star Movement (M5S). This growing strength all suggest maintaining a outcome can be attributed to an increasingly united front may prove difficult. Nevertheless, volatile Italian electorate and a shift in political this unexpected political partnership ought dynamics brought about by the economic and not to be written-off by European partners. financial crisis. As the protracted coalition Finding ways to interact with Italy’s new negotiations demonstrated, the Lega and M5S government poses a considerable challenge 81 to EU leaders and, subsequently, the outlook Conte’s success with this complex agenda for EU macroeconomic governance reforms was not obvious. Moreover, there is nothing and financial markets’ stability. However, surprising in this lack of accomplishment. such efforts will be necessary to stabilize the Few heads of state or government achieve all eurozone and contain anti-EU sentiment.
    [Show full text]
  • Derivatives, Money and Real Growth
    Review of Financial Risk Management 105 Ꮙࢲᐍგந؞Ώܛ ĂௐαഇĂ 105-120סˬϔ 96 Ăௐ DERIVATIVES, MONEY AND REAL GROWTH Submitted Date:96.02.01 Accepted Date:96.06.04 Paolo Savona Ban ca di Roma and Luiss Guido Carli Abstract This paper analyzes the derivatives market from the point of view of the effects it exerts on the definition of money and the efficacy of monetary policy. An hypothesis is also put forward on the role played in the capital accumulation. Empirical evidence is provided which does not reject the hypothesis that derivatives function as the speculative demand for money, contributing to determine interest rates and, in this way, influencing real and financial investment decisions according to the paradigm proposed by Tobin. Key Words: derivatives market, monetary policy, capital accumulation. JEL Classification: G11 * The author appreciates three anonymous referees' suggestions. **Contact Information : Paolo. [email protected] ௐαഇסˬᏉࢲᐍგநĖ؞ΏĖ 96 ѐ 12 ͡ ௐܛ 106 1.Premiss hangover of derivatives, which are the results of the attempt to hedge risks linked to open In his recent address at Jackson Hole, markets but still not integrated. This financial Alan Greenspan (2003) stated that derivatives products should not be used to speculate to have blurred the definition of money and made obtain profits from expected different values. it hard to conduct monetary policy. His exact Also doctors prescribe products to fight the words were: In the past two decades, what pain, but not to transform the patient into a constitutes money has been obscured
    [Show full text]
  • EURODOLLARS and INTERNATIONAL BANKING This
    EURODOLLARS AND INTERNATIONAL BANKING This volume is concerned with the nature of the Eurodollar market. It examines the historical evolution of Eurobanks and Eurodollars and offers an economic analysis of the Eurodollar market, a policy analysis of issues surrounding the Eurodollar and finally discusses the impact of international banking facilities. The broader Eurocurrency market represents the most astonishing phenomenon in the modern world of finance because Eurocurrencies consist of bank deposits located in jurisdictions outside that of the currency of denomination. The Eurodollar market emerged in 1957 with transactions dominated mainly in dollars. By 1981 the volume of deposits had reached an estimated $1.6 trillion. The Eurodollar market will undoubtedly continue to play a major part in the equilibrium and disequilibrium of the financial world in years to come. This collection draws on the practical knowledge of international bankers, the experience of prominent central bank officials and the analytical tools of academic observers of the market. Economists, as well as public policy-makers, share the view that banking systems, due to potential bank failures and the monetary role that banks play, deserve special regulation and the intervention of the monetary authorities. This book will be an important step towards understanding where the Euromarket came from, how it really operates now and where it will all end. EURODOLLARS AND INTERNATIONAL BANKING Edited by Paolo Savona and George Sutija in association with M Palgrave Macmillan MACMILLAN © International Banking Center, Florida International University 1985 Softcover reprint of the hardcover 1st edition 1985 978-0-333-36553-3 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission.
    [Show full text]
  • Doers Dreamers Ors Disrupt &
    POLITICO.EU DECEMBER 2018 Doers Dreamers THE PEOPLE WHO WILL SHAPE & Disrupt EUROPE IN THE ors COMING YEAR In the waves of change, we find our true drive Q8 is an evolving future proof company in this rapidly changing age. Q8 is growing to become a broad mobility player, by building on its current business to provide sustainable ‘fuel’ and services for all costumers. SOMEONE'S GOT TO TAKE THE LEAD Develop emission-free eTrucks for the future of freight transport. Who else but MAN. Anzeige_230x277_eTrucks_EN_181030.indd 1 31.10.18 10:29 11 CONTENTS No. 1: Matteo Salvini 8 + Where are Christian Lindner didn’t they now? live up to the hype — or did he? 17 The doers 42 In Germany, Has the left finally found its a new divide answer to right-wing nationalism? 49 The dreamers Artwork 74 85 Cover illustration by Simón Prades for POLITICO All illustrated An Italian The portraits African refugees face growing by Paul Ryding for unwelcome resentment in the country’s south disruptors POLITICO 4 POLITICO 28 SPONSORED CONTENT PRESENTED BY WILFRIED MARTENS CENTRE FOR EUROPEAN STUDIES THE EAST-WEST EU MARRIAGE: IT’S NOT TOO LATE TO TALK 2019 EUROPEAN ELECTIONS ARE A CHANCE TO LEARN FROM LESSONS OF THE PAST AND BRING NATIONS CLOSER TOGETHER BY MIKULÁŠ DZURINDA, PRESIDENT, WILFRIED MARTENS CENTRE FOR EUROPEAN STUDIES The East-West relationship is like the cliché between an Eastern bride and a Western man. She is beautiful but poor and with a slightly troubled past. He is rich and comfortable. The West which feels underappreciated and the East, which has the impression of not being heard.
    [Show full text]
  • Ecco L'identikit Del Governo Conte: Dai 3 Ministri Under 40 Agli Incarichi In
    Data 08-06-2018 Pagina Foglio 1 / 3 NAVIGA HOME RICERCA ABBONATI ACCEDI italia ATTUALITÀ PARLAMENTO POLITICA POLITICA ECONOMICA DOSSIER BLOG Il debutto di Conte al Moda e lifestyle per il Imu e Tasi, come Governo Conte: ecco G7 nuovo Sole 24 Ore del prepararsi al le ipotesi in campo per sabato e della pagamento le nuove pensioni domenica dell’acconto DENTRO LA POLITICA Ecco l’identikit del governo Conte: dai 3 ministri under 40 agli incarichi in società e think tank –di Nicoletta Cottone | @NikiCottone | 08 giugno 2018 VIDEO 08 giugno 2018 Da Napoli parte tour itinerante della salute di Fondazione Ania I PIÙ LETTI DI ITALIA Palazzo Chigi ultime novità Dal catalogo del Sole 24 Ore ai nella storia repubblicana un esecutivo aveva avuto SCOPRI ALTRI PRODOTTI così tante matricole. Nel governo targato Giuseppe Conte l’89,5% dei ministri è al primo incarico. Solo 2 dei M 19 membri (dunque il 10,5%) hanno avuto un precedente incarico: sono il ministro Paolo Savona (oggi agli Affari europei, ma LE GALLERY PIÙ VISTE all’Industria nel governo Ciampi) e il ministro degli Esteri Enzo MONDO | 7 giugno 2018 Moavero Milanesi (agli Affari europei nei governi Monti e Letta). Un Hawaii, l’eruzione del vulcano Kilauea ripresa dal satellite 104061 risultato notevole se si considera che nella prima Repubblica il tasso Codice abbonamento: Data 08-06-2018 Pagina Foglio 2 / 3 di ricambio era del 22,7% e che dal 1994 in poi il tasso, pur screscendo, MODA | 5 giugno 2018 La moda americana premia si era fermato al 56,7%.
    [Show full text]
  • The Impact of Technological Innovations on Money and Financial Markets
    Levy Economics Institute of Bard College Public Policy Brief No. 150, 2020 THE IMPACT OF TECHNOLOGICAL INNOVATIONS ON MONEY AND FINANCIAL MARKETS JAN KREGEL and PAOLO SAVONA Contents 3 Preface Dimitri B. Papadimitriou 4 The Impact of Technological Innovations on Money and Financial Markets Jan A. Kregel and Paolo Savona 10 About the Authors The Levy Economics Institute of Bard College, founded in 1986, is an autonomous research organization. It is nonpartisan, open to the examina- tion of diverse points of view, and dedicated to public service. The Institute is publishing this research with the conviction that it is a constructive and positive contribution to discussions and debates on relevant policy issues. Neither the Institute’s Board of Governors nor its advisers necessarily endorse any proposal made by the authors. The Institute believes in the potential for the study of economics to improve the human condition. Through scholarship and research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. The present research agenda includes such issues as financial instability, poverty, employment, gender, problems associated with the distribution of income and wealth, and international trade and competitiveness. In all its endeavors, the Institute places heavy emphasis on the values of personal freedom and justice. Editor: Michael Stephens Text Editor: Elizabeth Dunn The Public Policy Brief Series is a publication of the Levy Economics Institute of Bard College, Blithewood, PO Box 5000, Annandale-on-Hudson, NY 12504-5000. For information about the Levy Institute, call 845-758-7700, e-mail [email protected], or visit the Levy Institute website at www.levyinstitute.org.
    [Show full text]
  • Italian Election Monitor Five Star-League Government Steering Towards a Clash with the EU
    Investment Research — General Market Conditions 28 May 2018 Italian Election Monitor Five Star-League government steering towards a clash with the EU Markets are set to focus on any indications by the new Five Star-League New Italian government team government on its policy agenda and priorities in coming days and weeks. Prime Minister: Giuseppe Conte (technocrat, We expect to see clashes between the Italian government and the EU on the law professor) economic ruleset over coming months. Economy/Finance Minister: Giovanni Tria (technocrat, economics professor) Abandonment of fiscal prudence could trigger more rating action in coming weeks. European Affairs Minister: Paolo Savona We recommend clients take a cautious stance on BTP and focus on other markets (technocrat and controversial original choice such as Spain or France, both of which have widened to Germany/swaps. We for Finance Minister) expect EUR/USD to retest the 2018 low at 1.1510 over coming weeks. Interior and Deputy Prime Minister: Matteo Salvini (League) Following days of uncertainty, the Five Star Movement and League yesterday renewed Labour/Economic Development and Deputy their coalition deal and received approval for their cabinet from President Sergio Prime Minister: Luigi Di Maio (Five Star) Mattarella. Although the initial market reaction was positive, as political uncertainty subsided Foreign Minister: Enzo Moavero Milanesi along with the risk of a new election, we think there will be more struggles ahead and believe (technocrat, ex-European Affairs minister that markets will continue to be very headline driven over the next few weeks and months. under Mario Monti) Defence Minister: Elisabetta Trenta (Five EU relations—confrontations likely Star) The new government will be a combination of technocrats and politicians (see box Source: Bloomberg above right).
    [Show full text]
  • Il Presidente Del Consiglio Dei Ministri Giuseppe Conte Comunica La Composizione Del Governo
    Il Presidente del Consiglio dei Ministri Giuseppe Conte comunica la composizione del Governo Palazzo del Quirinale, 31 maggio 2018 Vi leggo la composizione del Governo. Mi affiancheranno il deputato Luigi di Maio, Ministro dello sviluppo economico e del lavoro e delle politiche sociali, che assumerà anche le funzioni di vice presidente del Consiglio dei Ministri; il senatore Matteo Salvini, Ministro dell’interno, che assumerà anche le funzioni di vice Presidente del Consiglio dei Ministri. I Ministri senza portafoglio: deputato Riccardo Fraccaro, al quale sarà conferito l’incarico per i rapporti con il Parlamento e per la democrazia diretta; senatrice avvocato Giulia Bongiorno, alla quale sarà conferito l’incarico per la pubblica amministrazione; senatrice avvocato Erika Stefani, alla quale sarà conferito l’incarico per gli affari regionali e le autonomie; senatrice Barbara Lezzi, alla quale sarà conferito l’incarico per il Sud; deputato Lorenzo Fontana, al quale sarà conferito l’incarico per la famiglia e le disabilità; professor Paolo Savona, al quale sarà conferito l’incarico per gli affari europei. Poi, ancora, mi affiancheranno: il Ministro degli affari esteri e della cooperazione internazionale, professor avvocato Enzo Moavero Milanesi; Ministro della giustizia: deputato avvocato Alfonso Bonafede; Ministro della difesa: dottoressa Elisabetta Trenta; Ministro dell’economia e delle finanze sarà il professor Giovanni Tria; Ministro delle politiche agricole, alimentari e forestali sarà il senatore Gian Marco Centinaio; Ministro dell’ambiente e tutela del territorio e del mare: Generale Sergio Costa; Ministro delle infrastrutture e dei trasporti: senatore Danilo Toninelli; Ministro dell’istruzione dell’Università e della ricerca: dottor Marco Bussetti; Ministro dei beni e delle attività culturali e del turismo: dottor Alberto Bonisoli; Ministro della salute: deputata Giulia Grillo.
    [Show full text]
  • Tutti Contro Il Governo Pentaleghista, Tra Clown Involontari E Circo Mediatico: Siamo Alla Comica Finale
    Tutti contro il governo pentaleghista, tra clown involontari e circo mediatico: siamo alla comica finale E il nuovo governo cerca di dispiegare le vele, con Giuseppe Conte al timone. Tranne M5S e Lega, tutti soffiano contro, tanti piccoli Eolo. La televisione ci porta la testimonianza di questo, nei Tiggì e nei Talk Show dedicati alla politica. Di contorno, anche qualche discutibile umorista – tipo Crozza , o involontario anche lui, come Fazio, otto milioni di euro all’anno dalla RAI ‘servizio pubblico’ – in altre trasmissioni, che con la politica non hanno nulla a che fare. Ma tant’è, l’Italiano medio – vorremmo dire mediocre – si occupa di politica quando non dovrebbe, e viceversa, quando sarebbe necessario approfondire per dare un indirizzo al paese, almeno evitando le castronerie che ci ammanniscono senza par condicio – vedi il defunto Renzi – si rifugiano nella plebiscitaria presenza sui canali che trasmettono partite di calcio. Non importa quali, purchè sia calcio. Quelle sono le occasioni in cui si sentono talmente patriottici, da esporre al balcone una bandiera tricolore comprata al mercato. Insomma, siamo messi proprio male. Dicevamo della TV. È diventata un circo Qualcosa che ormai è fuori moda, e soltanto pochi tenaci nostalgici continuano in queste imprese, il più delle volte con le toppe al sedere. C’è però uno spettacolo che non passerà mai di moda, ed è quello dei clown, dei pagliacci, per dirla in italiano. Grandi scarpe sformate, viso dipinto con labbra assurde, ciuffi di capelli applicati con una cuffia di gomma, e di solito un simulacro di frack, papillon enorme tutto storto, e poi tanta fantasia in un abbigliamento che deve soltanto provocare ilarità.
    [Show full text]
  • Voto a Settembre Con Cottarelli
    DL353/2003 (conv. in L 27/02/04 n. 46) art.1 comma 1 delle Libertà DCB - Roma / Tariffa ROC Poste Italiane Spa Spedizione in Abb. postale QUOTIDIANO LIBERALE pER LE GARANzIE, LE RIFORME ED I DIRITTI CIVILI Direttore ARTURO DIACONALE Fondato nel 1847 - Anno XXIII N. 102 - Euro 0,50 Martedì 29 Maggio 2018 Conte vittima dell’equilibrio impossibile Voto a settembre con Cottarelli Lega-M5S Al momento solo il Pd sembra disponibile a sostenere il governo di tregua deciso da Sergio Mattarella di ARTURO DIACONALE e la formazione di un Esecutivo di minoranza impone il riscorso alle elezioni anticipate subito dopo agosto far saltare il Governo di Giuseppe AConte non è stato il “no” di Sergio Mattarella a Paolo Savona ma il difficile equilibrio politico tra Lega e Movimento 5 Stelle dentro la compagine governativa. Sbaglia di grosso chi pensa che Matteo Salvini abbia insistito su Savona respin- gendo la proposta del Presidente della Re- pubblica di nominare Giancarlo Giorgetti ministro dell’Economia nel timore di ve- nire scavalcato dal proprio vice. Per Sal- vini il ruolo di Giorgetti a Palazzo Chigi era la garanzia che il governo non sarebbe stato squilibrato in favore dei grillini. Al tempo stesso, l’irrigidimento di Luigi Di Maio sul nome di Savona non è dipeso dalla fiducia assoluta nell’economista cri- tico nei confronti dell’Euro, ma dal timore che Salvini potesse accettare la proposta del capo dello Stato e trasformare il Go- verno Conte fondato sull’equilibrio tra i diarchi dei due partiti alleati in un governo marcatamente squilibrato a vantaggio della Lega.
    [Show full text]
  • FRATIANNI Emeritus Professor of Business Economics and Public Policy Kelley School of Business Indiana University (USA)
    MICHELE FRATIANNI Emeritus Professor of Business Economics and Public Policy Kelley School of Business Indiana University (USA) PUBLICATIONS1 Books (2009) with Pietro Alessandrini and Alberto Zazzaro (eds.) The changing geography of banking and finance, Springer. (2007) Michele Fratianni. Karl Brunner visto da Michele Fratianni. LUISS University Press. (2007) with Paolo Savona and John Kirton (eds). Financing development: The G8 and UN contribution, Ashgate. (2007) with Paolo Savona and John Kirton (eds.) Corporate, Public and global governance: The G8 contribution, Ashgate. (2006) Michele Fratianni (ed.). Regional economic integration, Elsevier. (2005) with John Kirton, Alan Rugman and Paolo Savona (eds.), New perspectives on global governance, Ashgate. (2003) with Paolo Savona and John Kirton (eds.), Sustaining global growth and development, Ashgate. (2002) with Paolo Savona and John Kirton (eds.), Governing global finance: New Challenges, G7 and IMF contributions. Ashgate. (2001) Michele Fratianni, Storia Monetaria d'Italia: La lira e la politica monetaria italiana dall'unita all'Unione Europea, Etas. (1999) with Paolo Savona and Dominick Salvatore (eds.), Ideas for the future of the International Monetary System, Special Supplemental Issue of Open Economies review, Vol. 9, Supplement 1. - Reprinted as book by Kluwer Academic Press, same title, 1999. (1997) with Franco Spinelli, The monetary history of Italy, Cambridge University Press. (1997) with Dominick Salvatore and Jürgen von Hagen (eds.), Macroeconomic policies in open economies (Handbook of Comparative Economic Policies, vol. 5), Greenwood. (1992) with Jürgen von Hagen, The European Monetary System and European Monetary Union, Westview. (1992) with Dominick Salvatore (eds.), Handbook of monetary policy, Greenwood. (1991) with Franco Spinelli, La storia monetaria d'Italia: 1860 - 1980, Mondadori, Milanoo.
    [Show full text]
  • Italien Hat Eine Neue Regierung
    LÄNDERBERICHT Konrad-Adenauer-Stiftung e.V. ITALIEN CAROLINE KANTER SILKE SCHMITT Juni 2018 Italien hat eine neue Regierung www.kas.de/italien DIE „REGIERUNG DER VERÄNDERUNG“ DER FÜNF-STERNE-BEWEGUNG UND DER LEGA - EIN NOVUM FÜR ITALIEN UND DIE EUROPÄISCHE UNION Im zweiten Anlauf haben sich die Fünf- ten führen künftig drei Ministerien – das Fi- Sterne-Bewegung (M5S) und Lega auf ein nanzministerium, das Außenministerium Kabinett geeinigt, das von Staatspräsident sowie das Ministerium für Europäische An- Sergio Mattarella am Donnerstagabend gelegenheiten. Giancarlo Giorgetti, Vizeprä- bestätigt wurde. Italien hat damit nach sident der Lega und enger Vertrauter den Wahlen vom 4. März 2018 eine neue Matteo Salvinis, wird als Staatssekretär Regierung, die sich aus 19 Ministern zu- beim Ministerrat eine bedeutende Funktion sammensetzt – darunter fünf Frauen. Am in der Koordinierung der Regierungsarbeit heutigen Freitagnachmittag um 16.00 Uhr übernehmen und als einer der wichtigsten schwört die neue Ministerriege ihren Ansprechpartner des Premiers fungieren. Amtseid. Direkt im Anschluss können die Feierlichkeiten zum italienischen Natio- Der Spitzenkandidat der Fünf-Sterne- nalfeiertag – am 2. Juni – unter Leitung Bewegung, Luigi Di Maio, übernimmt das von Staatspräsident Mattarella beginnen. Ministerium für Arbeit, wirtschaftliche Ent- Die gewählten Vertreter der italienischen wicklung und Soziales. Außerdem fungiert Abgeordnetenkammer und des Senats er als Vizepremierminister. Di Maio hat da- werden am Montagvormittag in einer ge- mit ein für die Fünf-Sterne-Bewegung wich- meinsamen Sitzung zur Vertrauensab- tiges Portfolio inne, die mit der Einführung stimmung gebeten. Dann kann die neue des allgemeinen Grundeinkommens die Regierung – die bereits im Entstehungs- Verbesserung der wirtschaftlichen und so- prozess nicht nur in Italien, sondern in zialen Situation der italienischen Bürger im ganz Europa für Aufsehen und Kritik sorg- Fokus hat.
    [Show full text]