Showing posts with label Italy. Show all posts
Showing posts with label Italy. Show all posts

Tuesday, June 19, 2012

German Constitutional Court takes Power away from Merkel, says Parliament is Superior.

Wow the courts around the world sure have been busy this week and the past one.  First Egypt's court dissolved the parliament there and then Pakistan's Supreme Court kicked out it's  Prime Minister.

Now the Constitutional Court of Germany has ruled that Merkel has over stepped her bounds and she can not keep giving bail outs of the rest of Europe and not give details to the parliament.   

It says the Parliament is superior  in rulings than Merkel.   It looks like the ruling has possibly put the ESM at risk of being ratified in Germany too.

This is going to throw Europe into chaos, in my opinion.  There will be no more free flowing money from Germany which has been the country that has provided the bailout money.  Considering Spain and Italy are just going into crisis mode and needing money fast, there are going to be some wild rides coming up.


Article - translated to English:
D is eutlich the judgment of the Constitutional Court on the political voice of the Bundestag.  A unanimous slap for the Chancellor , which is known to prefer the quiet reigns, bug-proof closet out.  And like the MPs considered Kopfnicker like that should approve without opposition in the Bundestag and uninformed, what in the Chancellery of her and her main power brokers Ronald Pofalla was once again concocted.

The imperative for future policy operations has consistently expressed the judgment: Saying what's wrong and what is just is, as soon as possible. . And this is especially important for international agreements such as the euro rescue ESM . For its cash, the citizens must pay this year alone, 8.7 billion euros of taxpayers' money.  What could be justified in view of these sums, let Parliament and the people in the dark?

  Anti-democratic arguments

The opponents of transparency has often used anti-democratic arguments First, it is more efficient when political decisions are sometimes waved through in small bodies. Second, it would be even more difficult to achieve international agreement, if any should be informed and the secrecy is no longer guaranteed. But what kind of cynicism!  Only the stupid MPs is a good deputy?  And only the stupid people is a good citizen?
 
. Since the judgment of our constitutional judge does really well.  The Bundestag may a say again, apply the established democratic rules of our Constitution.. The future it could also again be clear who we need to assign responsibility for various "bailout" that are being set almost every week somewhere.

Only the Parliament, then the Chancellor's Office

. As such, it was high time that the specific form of caricature of government has met with opposition from the Constitutional Court.  The Basic Law does not exist for arbitrary disregard of the political sphere.  A Chancellor would actually follow it more carefully than any other participating political institutions, because it finally puts her oath of office on it. And we do not want to be governed by and on peaks that operate infinitely far away from our daily lives. . Considered democratic, the chancellor's office is subordinate to the parliament clearly.  The Chancellor should also be in support money finally take note of.. We do not want to be governed by Gutsfrauenart. The state authority emanates from the people.  Again remember, Mrs. Merkel?


I do believe things have just gotten more interesting in Europe now.  I don't believe this will go over well with those countries that are needing money desperately.

I found an article out of Australia about it also. 

Germany's constitutional court has ruled the government failed to inform parliament in good time about negotiations last year on the eurozone bailout fund.
Tuesday's ruling does not halt plans to put the European Stability Mechanism (ESM) in place next month but requires the government of Chancellor Angela Merkel to brief parliamentarians sooner next time.
Both chambers of parliament are scheduled to ratify the ESM treaty and the eurozone fiscal compact on June 29.
The case was a win for the opposition Green Party, which charged that parliament was not quickly shown documents about last year's bailout talks. Green Party whip Volker Beck said the opposition had to turn to Austrian colleagues to find out what was going on.
Under the German constitution, the parliament in Berlin has to be kept informed "comprehensively and at the earliest possible point of time and continuously" about negotiations at European Union (EU) level.
The court ruled that Merkel's government did not brief parliament properly last year on the state of talks over the new eurozone rescue fund, the ESM, or over negotiations on the "Euro-Plus Pact" requiring eurozone nations to coordinate economic policy.
The 500 billion euro ($A624.54 billion) ESM is the permanent successor to the existing bailout fund, the European Financial Stability Facility. Judges said the opposition should have been shown the ESM treaty draft by April 6 last year.
The decision was "another important building block in a series of decision by the Federal Constitutional Court to strengthen parliamentary responsibility in the framework of European integration," presiding judge Andreas Vosskuhle said.
The court has repeatedly slammed the executive in Berlin for not submitting enough to legislators.
"The briefing has to enable the parliament to exercise early and effective influence on the decision-making of the government and must take place in such a way that the parliament does not end up in a rubber-stamp role," Vosskuhle added.
Germany's government and opposition came close last week to reaching a final agreement to jointly ratify the ESM treaty and the fiscal compact, which the government insists on passing as a package. The legislation requires a two-third majority to pass.
As part of the bargain, the Merkel government has now promised to fast-track the introduction of a financial transaction tax in Europe if a minimum of nine member states agree.
Germany's opposition Social Democrats (SPD), who did not participate in the case, welcomed Tuesday's ruling.
Thomas Oppermann of the Social Democrats said: "This is another embarrassment to the government. They have been losing one case after another."

Now, will this cause Germany to be the first country to actually leave the Euro?  Considering it has been said that they have been printing Deutsche Marks and have them in the ready.


Saturday, August 13, 2011

Crazy Italian Austerity plan - Italian Revolution coming? They Won't take this sitting down.

WOW, I am speechless at what the Italian government has proposed as Austerity measures for getting a bail out from the other European countries.

Zerohedge has a list of what the Italian proposals are.

I can't imagine all the people in Italy taking this very well.  They are definitely hot blooded and they are not afraid of standing up and speaking their mind.

Imagine working your life for the government, putting money away for retirement, then being ready to retire and the government says" "Sorry, you don't get your pension started until 2 years out after retirement".   WOW, now that is a major slap in the face to all the Italian workers.

Here is the list of measures proposed by the Italian government:

SPENDING CUTS
  • Cuts to the budgets of central government ministries, worth a total of 6 billion euros in 2012 and 2.5 bln in 2013.
  • Funding to town councils, regions and provinces reduced by 6 bln euros in 2012 and 3.5 bln euros in 2013.
  • Unspecified changes to the pension system to save 1 billion euros in 2012.
  • A progressive increase in the retirement age of women in the private sector to 65 from 60 to begin in 2016, instead of 2020 as previously planned.
  • The retirement funds of public sector employees will be withheld for two years after they leave their jobs.
  • A reduction the "cost of politics" resulting in a halving of elected officials and around 55,000 fewer positions in the apparatus of central and local government. However, Berlusconi did not give a timescale for these cuts.
  • Abolition of 34 of Italy's 110 provincial governments and the merging of town councils with less than 1,000 inhabitants. However, this measure will be "for the future" and not become effective during the government's current term of office, Berlusconi said.
HIGHER REVENUES
  • A "solidarity tax" on high earners, to be levied for two years, as an additional 5 percent on income above 90,000 euros per year and 10 percent on income above 150,000 euros.
  • Increase in taxation of income from financial investments to 20 percent from 12.5 percent, excluding income from government bonds.
  • Purchases worth more than 2,500 euros will no longer be allowed to be made in cash, as a means of curbing tax evasion. There will also be tougher penalties, such as suspension from professional bodies, for failure to issue receipts and invoices.
  • All non-religious public holidays, such as the June 2 anniversary of the founding of the Italian Republic, will be celebrated on a Sunday in a bid to increase the number of working days in a year.
REFORMS
  • A liberalisation of national labour contracts giving greater scope to strike accords at the company or local level. 
If you know Italians, you know they are loud, don't give up, stand their ground, and they do not take S*&* from no one, including their own government.  Why the government thinks withholding people's pensions for 2 years after they retire is a good idea, I will not understand.  To me that is the biggest BullS*** idea I have ever read.  You don't keep people's own money they have worked hard for all their life, so the banks can have it.  If they want a revolution, it seems they just might get it, I can imagine the Italian people will be going nuts over this idiotic Austerity plan.