President Xi Jinping arrived in Switzerland on Sunday for his first state visit to the country and his first meeting of the World Economic Forum, a major annual gathering of global political and corporate leaders. This is the second time in a few weeks that China takes steps to build closer relationship with European non-EU members. After re-establishing links with Norway a few days ago, this week we should pay attention to Xi announcement with Switzerland.
China and Norway decided on Dec 19, 2016, to normalize relations after six years of freeze. It is not going to make Mr. Juncker very happy. It shows that countries can liaise with China on equal terms regardless of their size. In a way this makes the argument for "a stronger united Europe" less strong. Having said that, one should also not read too much into it, as EU political crisis surely is not the result of China getting in the way.
In this first Op-Ed for 2017 written for Radiocor, I attemp to compare Italian and Chinese economic pillars and suggest a simple program, in eight points, to revive the Italian Economy. China economy finds its success on an combination of government and private sector activity. Italians economy needs better coordination between those two sectors and citizens too need to play their role. More needs to be done, naturally, and I will in the course of the next few days, develop each of those points in more detail. For now, Happy New Year to All..
Hollande said: "France is open to the world, France belongs to European.” Theresa May called for unity in the country and said that "ambition will unite us.” I think politicians need to pay more attention to citizens views and not just pretend like they have done for decades. The economic situation in Europe and the lack of serious development policies do not fear well for incumbent parties. The EU must undergo a deep reorganization and redefinition of its mission, probably by slowing down integration rather than moving ahead blindly.
Early this year, Michele Geraci was awarded the title of Knight at the Order of Star of Italy (Italian: Cavaliere dell'Ordine della Stella D’Italia). The formal ceremony was held at the Italian Embassy in Beijing. Congratulations to Cristiana Barbatelli and Massimo Bagnasco who received the same award. Click to watch video.
The people of Italy have rejected the proposed changes in the Constitution by a large margin. The Prime Mister, Renzi, the main supporter of this reform has been defeated and has resigned. The two alternative parties, the Northern League and the Five Star Movement are now in a much more favorable position to launch a new referendum that would ask Italian people whether they wish to remain in the Eurozone.
Italy will hold a referendum on constitutional reform in December 4th. Although Renzi has carried out a series of reforms since he took office, Italian people are very disappointed with the low economic growth in Italy. As OECD forecasted, Italy's economy will grow by 0.8% this year, 0.9% and 1% in 2017 and 2018, respectively. "It seems that Italy can’t see any hope in its future. “While interviewed by 21st century business herald, Geraci said, “Currently Italian economy and social conditions are in the doldrums. Lot of young people who cannot find jobs left Italy, which worsen the aging problem for the country.”
Sunday, the people of Italy will cast their vote for the Constitutional referendum. It is not a referendum about staying or leaving the European Union, as some Chinese media have incorrectly reported recently. If Italians vote “Yes”, the constitution will be changed. If the vote “No”, it stays as it is. The actual content of the constitutional reforms is quite complex and involves changing about one third of the articles of the constitution.