<p><strong>>>></strong><em>Today, 17 February, at 5:00 pm I’m in Savona’s Piazza Sisto IV, and at 9:00 pm I’m in Genoa’s piazza De Ferrari. Tomorrow, 18 February, at 5:00 pm I’m in Cremona’s Piazza Stradivari, and at 9:00 pm I’m in Pavia’s piazza Vittoria. Follow the live broadcasts on La Cosa! >>>
The Monte dei Paschi di Siena (MPS) bank would almost certainly have gone bust without Rigor Montis’s loan of 3.9 billion euro, an amount equal to how much Italian families have contributed for the IMU property tax. MPS has had a mind-blowing stock market fall in the last few years. Shareholders have lost nearly all their investment. MPS has had a price fall that is being investigated by the Siena Prosecutors Office, a gaping hole that would make Parmalat look like nothing. The amount is 21 billion, made up thus: 7 billion in overpricing when buying the Antonveneta bank, 7 billion in debts acquired when buying Antonveneta, 7 billion handed over to foreign banks for reasons still to be verified. MPS was privatised in 1995 and from then on it has been controlled by a charitable Foundation. Until a few months ago, 55% of the Foundation was in the hands of members appointed by the Region of Tuscany, by the Province of Siena, and by the municipality of Siena - all bodies that are controlled by the PD. It’s unthinkable that the secretaries of the PD that have held office since 1995 were in the dark about Antoveneta or about the sale of significant sources of income including goods and real estate belonging to MPS that made it possible to pay out generous dividends. If the various people like Bersani, D’Alema, Veltroni, Franceschini, Fassino never realised that all this enormous financial disaster was happening, how can the PD aspire to run the country? People have to remember that in the last twenty year period, the PD has been in government for about 10 years, and has shared things with Berlusconi. A decade each for have the festival of Italy.
Napolitano, a former PD man, has called for privacy in relation to the current investigations by the Siena Prosecutors Office instead of hammering on the table and shouting "Give us the names of the people responsible!“ as President Sandro Pertini would have done. The fiscal shield was used to bring back illicit funds into Italy with the payment of just 5% in tax. It was approved, thanks to the absence from the Chamber of numerous PD parliamentarians. Why? Is it legitimate to have a complete list of the wealth brought back in accordance with the Fiscal shield, to verify whether it was connected to the plunder of the MPS? Or is it a State secret?
Bersani never gives a response in relation to his own responsibility or the responsibility of his party, but he’s coming out with absurdities that are getting bigger and bigger: "There’s obviously the wish to send people to prison, just like the fascists did. Watch out, that we are not to be cowed ..." The M5S is not sending anyone to prison. That is the job of the magistrates. Perhaps Gargamel is directing his words at them. Craxi had more class.
Posted by Beppe Grillo at 07:34 PM in Economics
(9) | Comments in Italian (translated)
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