Emessa la sentenza di secondo grado dal tribunale di Milano. Il risarcimento a De Benedetti scende da 750 a 560 milioni di euro. Condanna subito esecutiva
ore 16:44
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I giudici della seconda Corte d'Appello di Milano attendono la chiusura settimanale delle Borse poi emettono il verdetto tanto atteso. Fininvest condannata a risarcire il gruppo De Benedetti per la vicenda di Segrate. Diminuiti i 750 milioni previsti dal giudice Mesiano in primo grado
INTERNI
Il presidente di Fininvest commenta la sentenza d'appello sul Lodo Mondadori: "Gia in queste ore i nostri legali cominceranno a studiare il ricorso in Cassazione. Anche di fronte ad un quadro così paradossale e inquietante, non ci lasciamo però intimorire". Ghedini: "Vinceremo in Cassazione"
Lodo Mondadori, Fininvest condannata
Cir: "Conferma che ci fu corruzione"
Il paracadute d'oro nelle casse del Biscione
Giudizio di 2° grado della Corte d'Appello di Milano, immediatamente esecutivo: "Berlusconi correo". La holding condannata a versare 560 milioni al gruppo di De Benedetti. Che dice: "Sentenza estranea a politica". Le decisione nel pieno della polemica sulla "salva Fininvest" di E. RANDACIO e E. LIVINI / SENTENZA (PDF)
IL COMMENTO Cronaca di una condanna annunciata di MASSIMO GIANNINI
L'ira di Marina Berlusconi
"Neppure un euro è dovuto"
Ghedini: la Cassazione annullerà tuttoLa notizia sui siti del mondo
Le reazioni dopo la sentenza sul Lodo Mondadori. La figlia del premier e presidente Fininvest: "Forsennata aggressione a mio padre. Sconfitta per la giustizia". Il deputato e legale del premier: "Contro ogni logica processuale". E annuncia ricorso. Di Pietro: "Punita una truffa, la politica non c'entra"PHOTOS: Massive Storm Moves Across Saturn, Eight Times The Size Of Earth
This storm on Saturn is bigger than you can possibly imagine.
According to NASA, it's actually eight times the surface area of Earth. It is the biggest storm ever observed on the planet, and is at least 500 times bigger than any other storm observed by the Cassini spacecraft that orbits the ringed planet.
According to NASA, it's actually eight times the surface area of Earth. It is the biggest storm ever observed on the planet, and is at least 500 times bigger than any other storm observed by the Cassini spacecraft that orbits the ringed planet.
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Egypt vs IMF: Time to Default?
By Eric Walberg
URL of this article: www.globalresearch.ca/index.php?context=va&aid=25538
Global Research, July 7, 2011
The
financial flip-flop of Egypt’s revolutionary government, first
requesting and then declining a $3 billion dollar IMF loan, highlights
Egypt’s hard choices at this point in the revolution, but is a good
sign.
It
is no secret that Egypt has put all its faith in the US and Western
international institutions since the days of Egyptian president Anwar
Sadat, contracting a huge foreign debt, a process that was increasingly
corrupt, despite being careful watched over by those very agencies. This
debt is financed by foreign banks, and must be repaid in dollars --
with interest. If much of the money they create and then “lend” is
siphoned off into Swiss bank accounts, that is Egypt’s problem. No one
is trying to charge the people who gave Mubarak or his henchmen their
money and then let them re-deposit it with them, but it takes two to
tango.
Whether
or not a fraction of it actually helps the Ahmeds in the meantime, it
is the Egyptian people who are held responsible for it all and must
comply with IMF “adjustment programmes”, involving privatisation,
deregulation, regressive taxation, an end to subsidies to the poor, and
much more unpleasant “tough love”.
Egypt’s
revolution momentarily shattered the complacency of this devilish
scenario. The explosion under the weight of the grinding poverty the
system produced caught the Western bankers and political leaders by
surprise and they hurried to embrace the revolution and co-opt it when
they realised it was inevitable. This culminated in the IMF’s offer of
the loan to cover the yawning gap in Egypt’s first post-revolution
budget, which will double the lowest salaries, improve social services
and introduce a progressive income tax.
This
unusual gesture of generosity by the IMF (a low interest rate and
supposedly no strings attached) was really intended to keep Egypt from
straying from the orthodox monetary fold, as other countries have done
in the past in similar situations. It was enthusiastically supported by
Egypt’s elite, largely trained at US universities in the arcana of
monetary theory. “Otherwise, Egypt was about to be considered in
default,” Hani Genena, senior economist at Pharos Holding for
Investments told Al-Ahram Weekly. This is precisely what countries such
as Russia, Argentina and Ecuador have done in the past.
The
Higher Council of the Armed Forces, Egypt’s de facto ruler, was not
impressed with assurances that the loans were “without conditions”, and
General Sameh Sadeq told the government to cancel the loan, with its
“five conditions that totally went against the principles of national
sovereignty” which would “burden future generations”. Finance Minister
Samir Radwan complied and hastily negotiated funds from Qatar and Saudi
Arabia (countries with their own agendas for Egypt’s revolution) to plug
the remaining hole. The spurned lover, the IMF, and its sidekick the
World Bank, were not pleased. The latter said it would have to “review”
its financial plans for Egypt.
As
news of the loan tiff was breaking, US Senators John McCain, Joe
Lieberman and John Kerry visited Cairo to offer their gift to the
revolution: a bill in Congress to create “economic assistance funds” for
Egypt and Tunisia. Recall McCain’s presidential campaign slogan to
“Bomb, bomb, bomb Iran!”, and his and Lieberman’s militant support of
Israel. If anything, their visit merely confirmed to Egypt’s military
leaders the need to keep the IMF and its henchmen at bay.
Another
visitor to Cairo last week was Mahatir Mohamed, who turned Malaysia
into an economic powerhouse after extricating it from its colonial past.
When his “tiger” economy was subverted by speculators in 1997, he
stopped the run on the Malaysian currency and stabilised the economy
without going to the IMF cap in hand, and Malaysia survived the crisis
much better than the other “Asian tigers” who bowed to IMF pressure.
“Malaysians refused the IMF and World Bank’s assistance because we
wanted our economic decisions to be independent,” he told reports in
Cairo this week proudly -- music to Field Marshall Mohamed Tantawi’s
ears.
In
fact, many observers are convinced the army’s decision was in response
to the same popular anger and national pride that allowed Mahatir to
successfully defy the bankers in his day. “I felt a surge of pride when I
heard the loan was rejected,” University of Cairo employee Mohamed
Shaban told the Weekly. Egyptians intuitively understand Mayer
Rothschild’s principle: “Give me control of a nation’s currency and I
care not who makes her laws.” Egypt’s military leaders understand this
too.
The
process of petitioning the grudging financial centres of Zurich and
London to recover at best a tiny fraction of the stolen billions that
were stashed abroad and thus are responsible for an outsize part of
Egypt’s foreign debt will take decades and yield precious little besides
huge legal costs, as the experience of the Philippines and Indonesia
shows.
Egypt
indeed could consider defaulting on what is called in financial jargon
an “odious debt”, referring to the national debt incurred by a regime
for purposes that do not serve the best interests of the nation. The US
did this to tear up Iraq’s debt in 2003. Ecuador did it in 2009. The
latter (unlike the US in Iraq) even in compliance with international
law. Greek citizens have already formed an Audit Committee to establish
which parts of the national debt are “odious” or otherwise illegitimate.
But
such a radical step would bring the collective wrath of the powerful
world financial elite down on Egypt and is not an easy option. There is
no longer a Soviet Union to turn to, as there was in the time of Nasser,
when he dared defy the empire.
But
neither is there any need to leave Egypt’s budgetary financing up to an
elite of world bankers. Once a government realises that money is just a
convention, something that it can use responsibly to grease the wheels
of the economy, to generate employment and incomes, using the nation’s
wealth for the people, it can responsibly create what money it needs,
keeping a careful eye on what will increase production and wealth
without putting too much pressure on prices. Taxation returns this money
that the government in effect “loaned” to itself interest-free.
Michael
Hudson, president of the Institute for the Study of Long Term Economic
Trends and adviser to the Russian, Japanese and Icelandic governments,
told the Weekly Egypt has a “much broader choice” than Western
governments in pursuing an independent financial and economic reform, as
it still has nationally-owned commercial banks. It could set up a
Recovery Fund for the Revolution without any need to borrow from anyone,
using Egypt’s millions of unemployed -- a force that can move mountains
-- as collateral, to create jobs which will automatically repay the
money the government creates in new income and more tax revenue.
The
plan to bring Toshka back to life by redistributing land to peasants
and providing them with start-up capital is a perfect example of what
must be done. There is no reason to “borrow” this money, especially from
other countries, and worse yet to pay them interest. After all,
investment in the country’s future is a risk that should be equally
share by both the giver and taker of loans, in compliance with sharia
law.
Hudson’s
associates at the Center for Full Employment and Price Stability, the
Levy Economics Institute, and the Center for Full Employment and Equity
are now preparing a report for the Asian Development Bank on alternative
monetary and fiscal policies to promote full employment and price
stability without relying on IMF/WB funding.
Eric Walberg writes for Al-Ahram Weekly http://weekly.ahram.org.eg/ You can reach him athttp://ericwalberg.com/ His Postmodern Imperialism: Geopolitics and the Great Games is available athttp://claritypress.com/Walberg.html
Here's
a great idea if you're planning to entertain this weekend. Asian spices
and sweet hoisin sauce go well with nutty gruyere cheese, with sweet
Thai chili sauce adding the final touch.
Asian Salmon Burgers
Asian Salmon Burgers
A
Chinese take on satay, with the beef marinated in hoisin sauce and
seasonings before being threaded onto bamboo skewers and grilled. I've
included a recipe for a peanut dipping sauce.
Tender
strips of marinated beef lend flavor to the heating rice in this quick
stir-fry dish. This would make an easy main dish for 2, or serve 4 as a
side dish.
Chinese
dried mushrooms add their earthy flavor to this recipe, rated at 5 out
of 5 stars. A reader suggests marinating the ground pork and seasonings
for an hour before cooking, to add extra flavor.
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