Thursday, November 29, 2012

Italian centre-left Democratic Party chief Pier Luigi Bersani is set for a run-off vote next week against young pretender Matteo Renzi, after millions of supporters chose their nominee for next year's general election.With 40 percent of the votes counted from Sunday's balloting,  Bersani was in front with 44.3 percent support, followed by Florence mayor Renzi with 36.3 percent, the organising committee said. More than four million supporters took part in the vote which will now head for a second round run-off on Sunday. A general election is expected in April 2013 with the winner of the centre-left nomination one of the favourites to replace Mario Monti as Italy's next prime minister. All the most recent polls show the Democratic Party coming first in the general election. Observers were surprised by the large turnout for the primaries and many polling stations were overwhelmed, with large queues forming outside. More and more Italians are feeling the pain of a recession that began in the second half of last year and is forecast to continue into next year. The main drama is between 61-year-old Bersani, a cigar-chomping former communist with a liberal economic orientation, and rising star Renzi, who at just 37 is a new face in politics, inspired by US President Barack Obama. The primary is being held at a time of deep economic crisis and political uncertainty in Italy, with a series of corruption scandals within the main parties sparking voter apathy and disgust with traditional leaders. Both men have said they will follow the broad course of reforms set by unelected technocrat prime minister Monti, but will seek to curb some of the more unpopular austerity measures he has advocated and do more to boost growth. "We have to show the rest of the world that we don't just have Monti," Bersani, a former economic development minister, said last week. "People want to take part, they want to have a politics that is in touch with the streets, with the squares, that returns hope to the country," he said.   Monti, a former European commissioner, took over from Silvio Berlusconi a year ago as Italy struggled with the eurozone crisis. While his cuts have angered many, he is seen as having saved Italy from a Greek-style collapse.

11 comments:

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

After Germany, Netherlands and Ireland (why they do not mention Ireland is a completely mystery to me XDDD ) all others EZ members will have an huge trade surplus because the... Euro. The Euro is the best currency of the world.

My favorite PIG, Portugal, will have a trade surplus of 4% of their GDP in 2013, according the Banco de Portugal, theirs central bank. And Portugal is only the first of them with this kind of forecast. Others, like Spain, Italy or even Greece will follow Portugal.

I wrote here before. The EZ crisis is not a currency crisis but an economic crisis which will solve the deep problems inside the EZ. Even France will change and cut theirs imbalances and make economic reforms.

The war against the Euro by the British and the Americans is almost dead. Germany won this war. Now some can whining but the euroenemies are the fools. lol

Mrs. Merkel is a genius. XDDD

Anonymous said...

The Portuguese economic miracle, as Mr. Ryck once wrote.

Last year, the Portuguese current account deficit was something like 5,3% of their GDP.

This year Portugal will have a small surplus in their balance. (Check this, please: http://www.bportugal.pt/pt-PT/... )

But the next year will be the complete turnaround of their economy:

http://i50.tinypic.com/16qnlw....

And how the Portuguese are taking their competition?

http://i50.tinypic.com/21oq6o9...

The Portuguese are trying to beat Germany concerning trade international market share.

You can read all about the Portuguese economic miracle here:

http://www.bportugal.pt/en-US/...

But Portugal is the first of the PIGS showing the results of making economic reforms.

Mrs. Merkel is a genius! lol