The Italian mortgage journey


Alitalia is negotiating a mortgage of 485,000,000 Euro on its aircraft with an American finance institution.

Do you remember last year’s re-launch plan?

The plan that had the active participation of Minister Maroni together with the taxes of the citizens that was going to keep the company alive?

Well, it can’t have been much use, but they should give us back our money.

Nowhere is it written that we have to pay taxes for Alitalia debts.

However the mortgage is not enough, it’s also necessary to have an addition of capital of 1,200,000,000 Euro supplied by Banca Intesa (do the current account holders know?) and by Deutsche Bank.

However, let’s not complain too much, the creative finance of this government has produced an avant-garde initiative: the mortgage.

We can mortgage houses, monuments, Ministries, blue cars,{official cars} all the property of the state, the Coliseum, the Duomo of Milan, the Tower of Pisa, the beaches, the major roads, the police stations of the Carabinierei, the tribunals.

We will get rich without have to deny ourselves anything.

But what is our most precious possession? That which the government increases day by day according to the word given to its electors?

The public debt!

Very few have a debt like ours. Do we want to leave it there and not take advantage of it? Let’s mortgage it. Let’s imagine that they give us only 20/30% (and that’s not much) and let’s restore Italy back to health.

If, then, the investors were too diffident and didn’t want to provide a mortgage, the government could hand over the credit to the public debt to some international criminal organisation that could in the future take advantage of the citizens of Italy, at its convenience.

However, considering that I’m just a comedian, I’ve got this doubt: if to save Alitalia it’s necessary to mortgage its whole fleet and if we cut by 40% the contribution for artists, where do they find the 3,880,000,000 Euro for the Messina Bridge?

Posted by Beppe Grillo at 10:10 PM in | Comments (7)
Post a comment | Sign up | Send to a friend | | GrilloNews |
View blog opinions


Well no deal with America whatsoever. The didn't give us dealt 70 F-16 jiant fighters. And they wont give us either.

Posted by: Kane | July 4, 2006 07:53 AM

Have you seen this before? It's a number guessing game: I guessed 38417, and it got it right! Pretty neat.

Posted by: Merideth Carleton | January 19, 2006 05:41 PM

Have you seen this before? It's a number guessing game: I guessed 74007, and it got it right! Pretty neat.

Posted by: Merideth Carleton | November 14, 2005 06:13 PM

Mr.Grillo ,
we would like to see speaking of italian banks ,
and why they control pretty all in a sluggish economy helped by a corrupted politic system .
Why Fazio goes at the church any sunday ?
Thank you in advance


Posted by: Karl Koch | October 18, 2005 10:43 AM

Alitalia sucks!

(is this good english enough?)

Posted by: Fabio Paini | October 18, 2005 10:16 AM

I think Elizabeth's comment about being read much more if a good translator was hired is a bit of cheek. When you say international, do you mean English speakers? Americans? To me, the translations provided by Beppe look fine and are to the point. I can read the Italian as well as the English versions and I see no particular semantic problems. The finer points of grammatical detail are irrelevant. In fact, Elizabeth's own apparent translation attempts contains quite a few grammatical errors, and I'm no expert.

Keep the Blog going strong, in both versions. Any more detail the wider-world can learn about the current Italian regime, the better.

Posted by: John | October 17, 2005 06:11 PM

Alitalia is negotiating a 485,000,000 Euro mortgage on its air-fleet with an U.S. investment bank.
Remember last year re-launching plan, involving Minister of Welfare Maroni and his tax policy to keep the company alive?
It ain't been that helpful and actually we should get our money back.
It's nowhere written that we ought to pay taxes for Alitalia debts.
As this mortgage is not enough, an addition of capital of 1,200,000,000 Euro supplied by Banca Intesa (what about its customers, do they know this?) and by Deutsche Bank is also necessary.
However, letís not complain too much, as the creative finance of this government has produced an avant-garde initiative: mortgage.
We can mortgage houses, monuments, Ministries, blue cars{official cars} and all state properties, as the Coliseum, Duomo of Milan, Tower of Pisa, beaches, main roads, Carabinieri police stations, court houses.
We will get rich without any loss...
You will be read much more by international readers if you hire a good translator.

Posted by: Elizabeth Honeywell | October 17, 2005 04:28 PM

Post a comment

Beppe Grillo's Blog is an open space for you to use so that we can come face to face directly. As your comment is published immediately, there's no time for filters to check it out. Thus the Blog's usefulness depends on your cooperation and it makes you the only ones responsible for the content and the resulting outcomes.

Information to be read before using Beppe Grillo's Blog

The following are not allowed:
1. messages without the email address of the sender
2. anonymous messages
3. advertising messages
4. messages containing offensive language
5. messages containing obscene language
6. messages with racist or sexist content
7. messages with content that constitutes a violation of Italian Law (incitement to commit a crime, to violence, libel etc.)

However, the owner of the Blog can delete messages at any moment and for any reason.
The owner of the Blog cannot be held responsible for any messages that may damage the rights of third parties Maximum comment length is 2,000 characters.
If you have any doubts read "How to use the blog".

Post a comment (English please!)

First name and Surname*:

Email Address*:
We remind you that anonymous messages (without real first name and surname) will be cancelled.

* Compulsory fields

Send to a friend

Send this message to *

Your Email Address *

Message (optional)

* Compulsory fields