The default is gathering speed. Round about the time of All Saints, the bells are already tolling for Italy. The noise of the waterfall is becoming a roar and to assist the leap into the dark, our political class is rowing in the direction of the flow. If nothing changes, next year our medium and long term bonds worth 200 billion, will be unsold and the country will go up in the air. Tremorti knows this, as does Napolitano who dissuades, warns, invites but basically doesn’t lift a finger to change the situation. He just stays and watches like the stars do in Cronin's novel, waiting for the inevitable. Article 88 of the Constitution allows him to dissolve the Parliament. A threat that would allow him to give the responsibility to form a government to a ‘public health’ government with the only objective of saving what can be saved. No one believes that he will ever use article 88, not even with a gun at his head (the collapse of the Nation). Why? It’s a question that I cannot answer. What’s the use of a President of the Republic?
The spread, the difference between our bonds and the German bonds has reached 4.34%, the highest ever. It means that the BTP are worth even less and that to sell them it’s necessary to increase the interest rate, and that has now reached 6.2%. The point of no return when the bonds stay unsold, whatever the interest rate offered, is near. We are like Greece was two years ago without however having a Government and an Opposition and with the absence of the institutions. You don’t need a clairvoyant, the oracle of Delphi or Nostradamus to know what the end is that awaits us. It’s enough to have ‘mago Zurlì’, with all due respect to Cino Tortorella. The only response that the oligarchs in power know how to give, is to cut social spending, cut rights acquired by workers, and post mortem pensions. Their privileges and useless spending connected to the interests of the red and white cooperatives and the Confindustria are untouchable. Financing to the parties amounting to a billion euro, overturned by a referendum, the purchase of 131 bombers from the USA for 15 billion, the TAV in the Val di Susa for 22 billion, ‘la Gronda’ in Genoa for 6 - 7, the elimination of the Provinces for 3 - 4 billion of savings every year, the cancellation of Expo for 3 - 4 billion. 1+15 +22 + 6 +3 + 3 makes (about) 50 billion that can be saved. And that’s only a tiny part of the cuts that are at zero cost to the citizens. They continuously talk about sacrifices, but with what authority can an anticonstitutional parliament, (not elected by anyone, but nominated by some party secretaries) ask for sacrifices? How can you define someone who cuts pensions to poor devils and yet who pockets a parliamentary annuity? Who is ignoring a referendum against the public financing of the parties? Who is it that is against the provinces and yet has hundreds of provincial councillors? With this lot we will all die, but us before them.