* Egidio Pezzuto
What we are face a heavy crisis, now do not deny it anymore. Each accuses the worsening effects of the crisis on different factors depending on the political sympathies of class, or category of reference, or antiquated words which are more depending on the class.
What we are face a heavy crisis, now do not deny it anymore. Each accuses the worsening effects of the crisis on different factors depending on the political sympathies of class, or category of reference, or antiquated words which are more depending on the class. Most people, from politicians to owner-operators of small and medium-sized enterprises, the industrial man in the street, described in causes that make it difficult to escape the blow to the relationship with banks and credit problems have .
is no doubt that with the implementation of Basel 2 regulations, European legislation which sets out the criteria that banks must follow the provision of credit to limit systemic risks, companies have more difficulties in accessing credit. Instead
families on consumer credit are favored by a faster route being limited amounts in the field and less random guarantees.
On the other hand it should be noted that in enjoying the support of the banks have less difficulty companies with strong balance sheet with respect to who is facing economic difficulties or liquidity. In a sort of social Darwinism and supports the species provides the strongest element.
Another argument used in interventions of representatives of business groups, but also of politicians and trade unionists is that since most of the credit institutions operating in Abruzzo are the decision-makers outside the region of Abruzzo money, collection, boost the economy of other areas at the expense of ours.
This second argument, which has some grain League, is easily refuted by drawing on periodic data from the Bank of Italy where you can see how the relationship between deposits and loans in the territory is clearly in favor of large national groups.
But I'm interested in this article explore the theme of the difficulties of access to credit, or rather, write about the social function of banks.
In the old system, the Banking Law of 1936, the banks were different both in size and reference basins, there were banks of national interest, heavily owned by the State, the popular "clearly referring to its shareholders as well as similar operations, the savings banks and rural banks and craft with special attention to territory.
With the new Banking Act of 1993, all these distinctions have been destroyed and we speak broadly of banks excluding cooperative banks that maintain a reference to the territory, but which nevertheless may have little in front of the acuteness of the crisis. In addition, in the last 10
Banking Act, clearly indicates the nature of business of banks then working in the field of financial intermediation with the same constraints of any undertaking which acts in other sectors (food, services and so on).
The only stakes imposed by the operational rules of lenders are those of the art. 41 of the Constitution, but we know how to take account of their businesses.
duty of the banks in the given situation, free market, is therefore to be cautious in the supply of credit as a matter of business stability and the pursuit of profit for the company and then to shareholders.
But the real issue here is not implore the banking system to support the economy, but to analyze why we are faced with this situation and then find appropriate remedies.
Between 1936, the old banking law. 1993 and the current standard, the state has become obsolete every bank participation, local governments and through foundations controlled savings banks have been ousted from the property, and therefore like any other company banks operate in complete national and international competition for increase market share and therefore profits.
You can not clap in my opinion from right and left to privatization and then complain about the consequences of such actions have on the living body of citizens. Simplifying
: ask companies to claim the economic support is like asking the grocer to lower prices because pensioners do not have enough resources. Other
would work with national, regional and municipal authorities to create a collaborative network between banks and companies in various manufacturing sectors by encouraging and facilitating the provision of credit to sectors identified as strategic.
But to do this would be necessary to have a correct analysis of the crisis and a plan for structural change in our country and particularly in our area.
And this certainly lacks the parties, lacking in political parties is lacking, but, and I regret this deeply, the CGIL, which also lacks in this area often repeated slogan similar to those employers.
Many will argue, but then because you were passed out to save the banks?
This is definitely a well-founded argument that I intend to treat in a future article.
Egidio Pezzuto
Fisac \u200b\u200bCGIL
is no doubt that with the implementation of Basel 2 regulations, European legislation which sets out the criteria that banks must follow the provision of credit to limit systemic risks, companies have more difficulties in accessing credit. Instead
families on consumer credit are favored by a faster route being limited amounts in the field and less random guarantees.
On the other hand it should be noted that in enjoying the support of the banks have less difficulty companies with strong balance sheet with respect to who is facing economic difficulties or liquidity. In a sort of social Darwinism and supports the species provides the strongest element.
Another argument used in interventions of representatives of business groups, but also of politicians and trade unionists is that since most of the credit institutions operating in Abruzzo are the decision-makers outside the region of Abruzzo money, collection, boost the economy of other areas at the expense of ours.
This second argument, which has some grain League, is easily refuted by drawing on periodic data from the Bank of Italy where you can see how the relationship between deposits and loans in the territory is clearly in favor of large national groups.
But I'm interested in this article explore the theme of the difficulties of access to credit, or rather, write about the social function of banks.
In the old system, the Banking Law of 1936, the banks were different both in size and reference basins, there were banks of national interest, heavily owned by the State, the popular "clearly referring to its shareholders as well as similar operations, the savings banks and rural banks and craft with special attention to territory.
With the new Banking Act of 1993, all these distinctions have been destroyed and we speak broadly of banks excluding cooperative banks that maintain a reference to the territory, but which nevertheless may have little in front of the acuteness of the crisis. In addition, in the last 10
Banking Act, clearly indicates the nature of business of banks then working in the field of financial intermediation with the same constraints of any undertaking which acts in other sectors (food, services and so on).
The only stakes imposed by the operational rules of lenders are those of the art. 41 of the Constitution, but we know how to take account of their businesses.
duty of the banks in the given situation, free market, is therefore to be cautious in the supply of credit as a matter of business stability and the pursuit of profit for the company and then to shareholders.
But the real issue here is not implore the banking system to support the economy, but to analyze why we are faced with this situation and then find appropriate remedies.
Between 1936, the old banking law. 1993 and the current standard, the state has become obsolete every bank participation, local governments and through foundations controlled savings banks have been ousted from the property, and therefore like any other company banks operate in complete national and international competition for increase market share and therefore profits.
You can not clap in my opinion from right and left to privatization and then complain about the consequences of such actions have on the living body of citizens. Simplifying
: ask companies to claim the economic support is like asking the grocer to lower prices because pensioners do not have enough resources. Other
would work with national, regional and municipal authorities to create a collaborative network between banks and companies in various manufacturing sectors by encouraging and facilitating the provision of credit to sectors identified as strategic.
But to do this would be necessary to have a correct analysis of the crisis and a plan for structural change in our country and particularly in our area.
And this certainly lacks the parties, lacking in political parties is lacking, but, and I regret this deeply, the CGIL, which also lacks in this area often repeated slogan similar to those employers.
Many will argue, but then because you were passed out to save the banks?
This is definitely a well-founded argument that I intend to treat in a future article.
Egidio Pezzuto
Fisac \u200b\u200bCGIL
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