to 72-year-old billionaire and Prime Minister of Italy Silvio Berlusconi in the European Parliament elections were held in the wake of success. It receives a third Italian, making the head of the party Il Popolo della Liberta ( People of Freedom), one of the most popular prime ministers in the EU-27. However, the right parties received support in the 35.25% of votes was less than that of his former party Forza Italia (prior to unification with the Alleanza Nazionale) won in national elections in 2001.
explain the decline in the popularity of many rumors about the premiere of his novel with a 18-year-old model and actress Leticia Noemi, due to which the wife of the Head of Government had recently filed for divorce. As well as selling Milan football club, owned by Berlusconi, the Brazilian attacker midfielders Kaka club Real Madrid. Despite the fact that both assumptions have a right to life, the deeper reason for rating the premier and his political strength is to look at the economy of the country and defeated its crisis, which directly affects the living standards of voters.
crisis and the road to Rome
For the year, as Italy remains in recession, which she felt before the rest of European countries. In the first quarter of 2009 on the country's economy declined by 2.6%, putting a record quarterly fall in GDP for half a century. Annual figures are even more dismal. Since April last year, lost 6.5% of GDP, industrial production fell by almost a quarter, as consumer spending - 3%. According to IMF projections, the Italian economy will decline in 2009 to 4.4%. And in 2010, it will wait for the next recession, although less significant - 0.4%. At the same time, the unemployment rate to jump - with less than 7% in 2008 to 10.5% in 2010-m.
Sources Economic frosts in the southern country should go abroad - export-oriented economy of Italy collapsed primarily because of the downturn in external demand. Only in the first quarter of decline in exports was 11.8%. Many companies are oriented to external markets, are forced to reduce production and fire workers. The largest global manufacturer of glasses Luxottica Group Spa stopped in January and February, six of its Italian business for four days, and now plans to close a hundred stores. A manufacturer of electrical Indesit Spa may close the plant for the production of washing machines in Turin, where 600 people, and shift production to Poland.
Private conversation - fashion industry, the world center of which is located in Italy. Last year, designers and the textile industry brought the country's GDP of about 52 billion euros. But now the industry is in a coma due to demand reduction. It helped and New Year sales that began not traditionally January 3, a month earlier, and attract buyers discounts of up to 40%. As a result, not all of us fashion industry experienced the season safely. For example, at Milan fashion week was canceled show Just Cavalli by Roberto Cavalli, because at that time the company Ittiere, issuing a collection of the line, asked for goszaschitoy from bankruptcy. From Ittiere at the bottom can go and other brands, which the company is cooperating, - Versace Sport, Galliano, and Costume National.
Meanwhile in Italy, the financial crisis in fact has not begun. Global challenges infected only the real sectorof the economy, which even today there are fears that the crisis in Italy may move along the path opposite to that observed in the world - from the real sector of the financial. While it is only fear - the banking sector (especially the two largest banks in the country and Europe, UniCredit and Intesa Sanpaolo) is healthy, has a strong deposit base continues to loans to private and corporate clients and profits. None of these finuchrezhdeny has not yet approached the Government for help to increase the capital. Although in the future, and Intesa, UniCredit and might need to 4 billion euros. infusions.
Г‚В
Italian recipe
first Berlusconi government crisis measures adopted in October 2008, then - in February this. February 6, the authorities have approved a package of measures designed to encourage consumers to purchase durable goods, particularly cars and trucks, as well as household appliances and furniture. Under the plan, the Italians will get to Euro 1500 for the exchange of old cars for new ones. In doing so, if purchased hybrid or gas car, the amount of incentive doubled. The package also provides for compensation in the amount of 500 Euro when buying a new motorcycle. In exchange for this support to the automotive industry, which has 11.4% of national GDP, the authorities demanded that the producers not to close factories in the country. The Italian government is not formed Stabilization for the financial sector, but promised to provide all necessary funds if the banks would need to recapitalize and refinance emergency.
Italian
of state support to the economy - one of the smallest in Europe. But the reason for this optimism is not in the authorities and that the debt of Italy have already exceeded 100% of GDP, and the government just hands are tied in the fiscal deficit. According to the IMF, the country's debt will increase to 115.3% of GDP in 2009 and to 121.1% - to 2010-m. A budget deficit will reach 5.4% of GDP this year and 5,9% in the next, double the maximum EU standards. Berlusconi still needed to help victims of the earthquake on 6 April in Ambrutstso, which killed 300 people and 64 thousand homeless. And this assistance is estimated at 12 billion euros. However, the additional infusion of crisis in the economy may not be necessary if the rights of the Italian Finance Minister Giulio Tremonti, asserting that the most critical and rigid part of the economic crisis behind us. The fact that this is not mere statements of economic indicators. In April, for the first time after 11 months of recession, industrial production has increased - by 1.1%. A sign of early recovery are also the mood of business. The corresponding indicator rose to a maximum of six months, showing that business confidence in the ability of the Government explained by domestic demand and record low interest rates would increase the number of orders.
If these signals do not lie, that Silvio Berlusconi may not have to worry about their ratings drop because of the sensational affair with the model. If he will lead the country out of crisis, Italians, and at the same time the Ukrainian guest workers, he will forgive all.
Elena Snezhko
In the coming days the prospects for the market may be in the range of 950-1000 points of index MICEX
Russian indexes today are under pressure, but then begin the rehabilitation
Kirov plant will not pay dividends on the basis of 2008
Tatneft and Syria have agreed on deepening cooperation in oil and gas industry
Review of the FOREX market for 26.06.09
Technical analysis of stock on the MSCI Malaysia index
The growth, which occurs on selected Russian securities, there is no trading volume
If positive action against Gazprom may turn up
Volatility in the foreign exchange market has no impact on the ruble-denominated bonds
Winners are not judged
to 72-year-old billionaire and Prime Minister of Italy Silvio Berlusconi in the European Parliament elections were held in the wake of success. It receives a third Italian, making the head of the party Il Popolo della Liberta ( People of Freedom), one of the most popular prime ministers in the EU-27. However, the right parties received support in the 35.25% of votes was less than that of his former party Forza Italia (prior to unification with the Alleanza Nazionale) won in national elections in 2001.
explain the decline in the popularity of many rumors about the premiere of his novel with a 18-year-old model and actress Leticia Noemi, due to which the wife of the Head of Government had recently filed for divorce. As well as selling Milan football club, owned by Berlusconi, the Brazilian attacker midfielders Kaka club Real Madrid. Despite the fact that both assumptions have a right to life, the deeper reason for rating the premier and his political strength is to look at the economy of the country and defeated its crisis, which directly affects the living standards of voters.
crisis and the road to Rome
For the year, as Italy remains in recession, which she felt before the rest of European countries. In the first quarter of 2009 on the country's economy declined by 2.6%, putting a record quarterly fall in GDP for half a century. Annual figures are even more dismal. Since April last year, lost 6.5% of GDP, industrial production fell by almost a quarter, as consumer spending - 3%. According to IMF projections, the Italian economy will decline in 2009 to 4.4%. And in 2010, it will wait for the next recession, although less significant - 0.4%. At the same time, the unemployment rate to jump - with less than 7% in 2008 to 10.5% in 2010-m.
Sources Economic frosts in the southern country should go abroad - export-oriented economy of Italy collapsed primarily because of the downturn in external demand. Only in the first quarter of decline in exports was 11.8%. Many companies are oriented to external markets, are forced to reduce production and fire workers. The largest global manufacturer of glasses Luxottica Group Spa stopped in January and February, six of its Italian business for four days, and now plans to close a hundred stores. A manufacturer of electrical Indesit Spa may close the plant for the production of washing machines in Turin, where 600 people, and shift production to Poland.
Private conversation - fashion industry, the world center of which is located in Italy. Last year, designers and the textile industry brought the country's GDP of about 52 billion euros. But now the industry is in a coma due to demand reduction. It helped and New Year sales that began not traditionally January 3, a month earlier, and attract buyers discounts of up to 40%. As a result, not all of us fashion industry experienced the season safely. For example, at Milan fashion week was canceled show Just Cavalli by Roberto Cavalli, because at that time the company Ittiere, issuing a collection of the line, asked for goszaschitoy from bankruptcy. From Ittiere at the bottom can go and other brands, which the company is cooperating, - Versace Sport, Galliano, and Costume National.
Meanwhile in Italy, the financial crisis in fact has not begun. Global challenges infected only the real sectorof the economy, which even today there are fears that the crisis in Italy may move along the path opposite to that observed in the world - from the real sector of the financial. While it is only fear - the banking sector (especially the two largest banks in the country and Europe, UniCredit and Intesa Sanpaolo) is healthy, has a strong deposit base continues to loans to private and corporate clients and profits. None of these finuchrezhdeny has not yet approached the Government for help to increase the capital. Although in the future, and Intesa, UniCredit and might need to 4 billion euros. infusions.
Г‚В
Italian recipe
first Berlusconi government crisis measures adopted in October 2008, then - in February this. February 6, the authorities have approved a package of measures designed to encourage consumers to purchase durable goods, particularly cars and trucks, as well as household appliances and furniture. Under the plan, the Italians will get to Euro 1500 for the exchange of old cars for new ones. In doing so, if purchased hybrid or gas car, the amount of incentive doubled. The package also provides for compensation in the amount of 500 Euro when buying a new motorcycle. In exchange for this support to the automotive industry, which has 11.4% of national GDP, the authorities demanded that the producers not to close factories in the country. The Italian government is not formed Stabilization for the financial sector, but promised to provide all necessary funds if the banks would need to recapitalize and refinance emergency.
Italian
of state support to the economy - one of the smallest in Europe. But the reason for this optimism is not in the authorities and that the debt of Italy have already exceeded 100% of GDP, and the government just hands are tied in the fiscal deficit. According to the IMF, the country's debt will increase to 115.3% of GDP in 2009 and to 121.1% - to 2010-m. A budget deficit will reach 5.4% of GDP this year and 5,9% in the next, double the maximum EU standards. Berlusconi still needed to help victims of the earthquake on 6 April in Ambrutstso, which killed 300 people and 64 thousand homeless. And this assistance is estimated at 12 billion euros. However, the additional infusion of crisis in the economy may not be necessary if the rights of the Italian Finance Minister Giulio Tremonti, asserting that the most critical and rigid part of the economic crisis behind us. The fact that this is not mere statements of economic indicators. In April, for the first time after 11 months of recession, industrial production has increased - by 1.1%. A sign of early recovery are also the mood of business. The corresponding indicator rose to a maximum of six months, showing that business confidence in the ability of the Government explained by domestic demand and record low interest rates would increase the number of orders.
If these signals do not lie, that Silvio Berlusconi may not have to worry about their ratings drop because of the sensational affair with the model. If he will lead the country out of crisis, Italians, and at the same time the Ukrainian guest workers, he will forgive all.
Elena Snezhko
In the coming days the prospects for the market may be in the range of 950-1000 points of index MICEX
Russian indexes today are under pressure, but then begin the rehabilitation
Kirov plant will not pay dividends on the basis of 2008
Tatneft and Syria have agreed on deepening cooperation in oil and gas industry
Review of the FOREX market for 26.06.09
Technical analysis of stock on the MSCI Malaysia index
The growth, which occurs on selected Russian securities, there is no trading volume
If positive action against Gazprom may turn up
Volatility in the foreign exchange market has no impact on the ruble-denominated bonds