Pubblicato in: Devoluzione socialismo, Economia e Produzione Industriale, Unione Europea

Blocco Europeo. 2021Q2. Pil -2.5%, occupati -2.1 milioni, comparati con 2019Q4.

Giuseppe Sandro Mela.

2021-09-11.

2021-09-08__ Eurostat Pil 001

Molto correttamente, Eurostat riporta le variazioni percentuali sul trimestre precedente.

Infatti, il 2020Q2 fu particolarmente depresso, per cui il rapporto 2021Q2/2020Q2 risulta essere abnormemente elevato, inaffidabile.

Sempre molto correttamente, Eurostat paragona questi macrodati con quelli del 2019Q4, ultimo trimestre prima della crisi pandemica.

«Based on seasonally adjusted figures, GDP volumes were 2.5% and 2.2% below their highest level of the fourth quarter 2019 for the euro area and EU. For the United States, GDP was 0.8% higher than the level of the fourth quarter 2019»

«employment in persons was 2.1 million in the euro area and 2.0 million in the EU below the level of the fourth quarter of 2019»

* * * * * * *


Eurostat ha rilasciato il Report GDP up by 2.2% and employment up by 0.7% in the euro area. In the EU, GDP up by 2.1% and employment up by 0.7%

                         GDP growth in the euro area and the EU

In the second quarter of 2021, seasonally adjusted GDP increased by 2.2% in the euro area and by 2.1% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the first quarter of 2021, GDP had declined by 0.3% in the euro area and 0.1% in the EU.  

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 14.3% in the euro area and by 13.8% in the EU in the second quarter of 2021, after -1.2% in both zones in the previous quarter.

During the second quarter of 2021, GDP in the United States increased by 1.6% compared with the previous quarter (after +1.5% in the first quarter of 2021). Compared with the same quarter of the previous year, GDP increased by 12.2% (after +0.5% in the previous quarter).

                         GDP growth by Member State

Ireland (+6.3%) recorded the sharpest increase of GDP compared to the previous quarter, followed by Portugal (+4.9%), Latvia (+4.4%) and Estonia (+4.3%). Declines were observed in Malta (-0.5%) and Croatia (-0.2%).

                         GDP components and contributions to growth

During the second quarter of 2021, household final consumption expenditure increased by 3.7% in the euro area and by 3.5% in the EU (after -2.1% in the euro area and -1.7% in the EU in the previous quarter). Government final consumption expenditure increased by 1.2% in both zones (after -0.5% both in the previous quarter). Gross fixed capital formation increased by 1.1% in the euro area and by 1.0% in the EU (after -0.2% and +0.3% respectively). Exports increased by 2.2% in the euro area and by 1.8% the EU (after +0.7% in both areas). Imports increased by 2.3% in the euro area and by 2.2% in the EU (after +0.4% and +0.6%).

Household final consumption expenditure had strong positive contributions to GDP growth in both the euro area and the EU (+1.9 and +1.7 percentage points – pp, respectively). The contributions from government final expenditure (+0.3 pp in both zones) and gross fixed capital formation (+0.2 pp in both zones) were also positive. The contribution from the external balance was close to neutral for both zones, while the contribution from changes in inventories was slightly negative for the euro area and neutral for the EU.

                         GDP levels in the euro area and EU

Based on seasonally adjusted figures, GDP volumes were 2.5% and 2.2% below their highest level of the fourth quarter 2019 for the euro area and EU. For the United States, GDP was 0.8% higher than the level of the fourth quarter 2019.

                         Employment growth in the euro area and EU

The number of employed persons increased by 0.7% in both the euro area and in the EU in the second quarter of 2021, compared with the previous quarter. In the first quarter of 2021, employment had decreased by 0.2% in both the euro area and the EU.

Compared with the same quarter of the previous year, employment increased by 1.8% in the euro area and by 1.9% in the EU in the second quarter of 2021, after -1.8% and -1.6% respectively in the first quarter of 2021.

Hours worked increased by 2.7% in the euro area and by 2.4% in the EU in the second quarter of 2021, compared with the previous quarter. Compared with the same quarter of the previous year the increases were 17.0% in the euro area and 14.7% in the EU (see annex table on employment in hours worked).

These data provide a picture of labour input consistent with the output and income measure of national accounts.

                         Employment growth in Member States

In the second quarter of 2021, Latvia (+5.7%), Greece (+2.8%), Denmark and Portugal (both +1.9%) recorded the highest growth of employment in persons compared with the previous quarter. Decreases were observed in Estonia (-1.1%) and Spain (-0.9%).

                         Employment levels in the euro area and EU

Based on seasonally adjusted figures, Eurostat estimates that in the second quarter of 2021, 207.5 million people were employed in the EU, of which 159.0 million were in the euro area.

In relation to the COVID-19 pandemic, employment in persons was 2.1 million in the euro area and 2.0 million in the EU below the level of the fourth quarter of 2019.

                         Evolution of labour productivity in the euro area and EU

The combination of GDP and employment data allows an estimation of labour productivity. The analysis of growth compared to the same quarter of the previous year shows that productivity growth (based on employed persons) fluctuated around 1% for both zones between 2013 and 2018.

In relation to the COVID-19 pandemic, productivity based on persons increased compared to the same quarter of the previous year with 12.2% for the euro area and 11.6% for the EU.

Based on hours worked, productivity compared to the same quarter of the previous year decreased by 1.5% for the euro area and increased by 0.3% for the EU.

Pubblicato in: Banche Centrali, Unione Europea

Blocco Europeo. 2021Q2. Pil +2.0% su 2021Q1. In questo caso il rapporto 2021Q2 su 2020Q2 sarebbe fallace.

Giuseppe Sandro Mela.

2021-08-18.

2021-08-18__ Eurostat 001

Attenzione!

Correttamente Eurostat titola riportando i rapporti 2021Q2 / 2021Q1.

Infatti il 2020Q2 è stato il peggior semestre con un secco -15%. Di conseguenza, il rapporto 2021Q2 / 2020Q2 è risultato essere abnormemente elevato.

Eurostat non ha pubblicato il riscontro contro l’ultimo semestre prima della crisi economica.

2021-08-18__ Eurostat 002

* * * * * * *


Eurostat ha rilasciato il Report GDP up by 2.0% and employment up by 0.5% in the euro area.

GDP up by 2.0% and employment up by 0.5% in the euro area In the EU, GDP up by 1.9% and employment up by 0.6%

                         GDP growth in the euro area and EU.

In the second quarter of 2021, seasonally adjusted GDP increased by 2.0% in the euro area and by 1.9% in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the first quarter of 2021, GDP had declined by 0.3% in the euro area and 0.1% in the EU.

During the second quarter of 2021, GDP in the United States increased by 1.6% compared with the previous quarter (after +1.5% in the first quarter of 2021). Compared with the same quarter of the previous year, GDP increased by 12.2% (after +0.5% in the previous quarter).

                   Employment growth in the euro area and EU

The number of employed persons increased by 0.5% in the euro area and by 0.6% in the EU in the second quarter of 2021, compared with the previous quarter. In the first quarter of 2021, employment had decreased by 0.2% in both the euro area and the EU.

Compared with the same quarter of the previous year, employment increased by 1.8% in both the euro area and in the EU in the second quarter of 2021, after -1.8% and -1.6% respectively in the first quarter of 2021.

These data provide a picture of labour input consistent with the output and income measure of national accounts.

Pubblicato in: Finanza e Sistema Bancario, Stati Uniti

Usa. 2020. Investimenti diretti per stato e tipologia. – BEA.

Giuseppe Sandro Mela.

2021-08-04.

2021-07-27__ US Investment 001

Il Bureau of Economic Analysis (BEA) ha rilasciato il Report Direct Investment by Country and Industry, 2020

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The U.S. direct investment abroad  position, or cumulative level of investment, increased $244.9 billion to $6.15 trillion at the end of 2020 from $5.91 trillion at the end of 2019, according to statistics released by the Bureau of Economic Analysis (BEA). The increase reflected a $158.8 billion increase in the position in Europe, primarily in the United Kingdom and the Netherlands. By industry, holding company affiliates owned by U.S. manufacturers had the largest increase.

The foreign direct investment in the United States position increased $187.2 billion to $4.63 trillion at the end of 2020 from $4.44 trillion at the end of 2019. The increase mainly reflected a $119.2 billion increase in the position from Europe, primarily Germany. By industry, affiliates in manufacturing, finance and insurance, and wholesale trade accounted for the majority of the increase.

                         U.S. direct investment abroad (tables 1 – 6)

U.S. multinational enterprises (MNEs) invest in nearly every country, but their investment in affiliates in five countries accounted for more than half of the total position at the end of 2020. The U.S. direct investment abroad position was largest in the United Kingdom ($890.1 billion), followed by the Netherlands ($844.0 billion) and Luxembourg ($759.4 billion). Canada ($422.2 billion) and Ireland ($390.3 billion) rounded out the top-five.

By industry of the directly-owned foreign affiliate, investment was highly concentrated in holding companies, which accounted for nearly half of the overall position in 2020. Most holding company affiliates, which are owned by U.S. parents from a variety of industries, own other foreign affiliates that operate in a variety of industries. By industry of the U.S. parent, investment by manufacturing MNEs accounted for 51.6 percent of the position, followed by MNEs in finance and insurance (13.9 percent).

U.S. MNEs earned income of $452.0 billion in 2020 on their cumulative investment abroad, a 13.0 percent decrease from 2019. Dividends, or repatriated profits, decreased $124.6 billion, or 30.7 percent.

                         Foreign direct investment in the United States (tables 7 – 10)

By country of the foreign parent, five countries accounted for more than half of the total position at the end of 2020. Japan remained the top investing country at the end of 2020 with a position of $647.7 billion. Canada ($490.8 billion) moved up one position from 2019 to be the second largest investing country, moving the United Kingdom ($486.9 billion) into third. The Netherlands ($484.0 billion) and Germany ($411.3 billion) were the fourth and fifth largest investing countries respectively at the end of 2020.

By country of the ultimate beneficial owner (UBO), Japan ($679.0 billion) and Canada ($569.8 billion) remained the top investing countries in terms of position at the end of 2020. Germany ($564.3 billion) moved up one position from 2019 to be the third largest, moving the United Kingdom ($480.8 billion) to fourth. France ($315.0 billion) entered the top 5 investing countries at the end of 2020, moving up one position from 2019. On the UBO basis, investment from the Netherlands and Luxembourg was much lower than by the country of foreign parent, indicating that much of the investment from foreign parents in these countries was ultimately owned by investors in other countries.

Foreign direct investment in the United States was concentrated in the U.S. manufacturing sector, which accounted for 40.3 percent of the position. There was also sizable investment in finance and insurance (12.2 percent) and wholesale trade (11.1 percent).

Foreign MNEs earned income of $151.8 billion in 2020 on their cumulative investment in the United States, a 24.1 percent decrease from 2019.

Pubblicato in: Devoluzione socialismo, Unione Europea

Unione Europea. La Slovenia inizia il semestre di Presidenza del Consiglio Europeo.

Giuseppe Sandro Mela.

2021-07-04.

Gufo_019__

Merito inoppugnabile dei media liberal socialisti è quello per cui qualsiasi cosa sostengano pongono i suggello che certifica che l’opposto è vero. È una regola empirica quasi infallibile.

Riportiamo l’intervento dell’EU Observer, testata rossa, ma così rossa, che al suo confronto Lenin, Stalin e Mao erano agenti sovversivi della destra economica.

* * * * * * *

«Slovenia formally assumed the six-month rotating presidency of the European Council on Thursday (1 July) – amid criticism against its conservative prime minister Janez Janša, who is seen as following Hungary and Poland in undermining the rule of law and democratic values in the EU»

«”The Slovenian presidency will be decisive. The tasks will be challenging,” said European Commission president Ursula von der Leyen, just a few days after a row broke out at an EU leaders’ summit over the new anti-LGBTIQ law approved by Hungary.»

«Janša ha detto che la presidenza slovena sarà un “mediatore onesto” nelle controversie sui diritti umani tra gli stati membri»

«Meanwhile, Slovenia is currently the only country that has yet to send its candidates to the European Public Prosecutor’s Office (EPPO)»

«Following months of standstill and attempts to block the selection of EPPO nominees from moving forward, Slovenia’s prime minister Janez Janša annulled the selection proposed by the country’s prosecution council last May»

«The new European public prosecutor’s office launched on 1 June without the participation of Hungary, Poland, Sweden, Denmark, and Ireland. »

«The populist Janša has also been accused of putting media freedom at risk, especially after cutting funding for the Slovenian national news agency STA»

«Notably, the chief of the Green Deal and former EU commissioner for rule of law, Frans Timmermans, did not join the traditional family photo»

«”Judicial independence and respect for the role of elected MEPs are cornerstones of the rule of law, without which the EU cannot function. We can never stop calling out those who attack it,” Timmermans added.»

* * * * * * *

I liberal socialisti europei, dei quali Timmermans è il portabandiera, proprio non possono digerire la Presidenza Janša.

Un ‘populista’, un ‘lebbroso’ avrebbe detto quel simpaticone di Macron, uno che avversa il ‘rule of law rule of law’ ed i ‘democratic values’ così come li intendono i liberal. Poi, sarebbe anche omofobo’.

Bene.

Lasciamoli crogiolare nella bile che schiattano.

*


Slovenia takes over EU presidency amid wave of criticism

Slovenia formally assumed the six-month rotating presidency of the European Council on Thursday (1 July) – amid criticism against its conservative prime minister Janez Janša, who is seen as following Hungary and Poland in undermining the rule of law and democratic values in the EU.

“The Slovenian presidency will be decisive. The tasks will be challenging,” said European Commission president Ursula von der Leyen, just a few days after a row broke out at an EU leaders’ summit over the new anti-LGBTIQ law approved by Hungary.

“Trust that diversity and equality are always respected, and that the rule of law and European values are always upheld… is the very essence of our European Union,” she added.

Speaking to the press, Janša said that the Slovenian presidency will be an “honest broker” in human-rights disputes among member states.

He added that there were no major differences among EU leaders during the last summit in Brussels, but “a sincere discussion” on human rights and “what rights have priority”.

Meanwhile, Slovenia is currently the only country that has yet to send its candidates to the European Public Prosecutor’s Office (EPPO) – a body responsible for uncovering and prosecuting fraud involving EU funds.

During her visit to Ljubljana, European Commission president Ursula von der Leyen said Slovenia must cooperate with the EPPO and appoint its candidates without delay, warning that this is “crucial to protect EU taxpayers money”.

“As we collectively prepare and finance our recovery, trust is our most valuable asset,” von der Leyen also said, acknowledging that there are other instruments to control and supervise EU funds.

Following months of standstill and attempts to block the selection of EPPO nominees from moving forward, Slovenia’s prime minister Janez Janša annulled the selection proposed by the country’s prosecution council last May.

EU lawmakers have called on the EU commission for the suspension of EU funds to Slovenia, arguing that the government’s decision to cancel the appointment of the two prosecutors represented “an unacceptable violation of the rule of law”.

Prime minister Janša told reporters on Thursday that the new selection procedure is expected to be finished by Autumn, pointing out that national institutions in member states have to protect EU funds.

The new European public prosecutor’s office launched on 1 June without the participation of Hungary, Poland, Sweden, Denmark, and Ireland.

The populist Janša has also been accused of putting media freedom at risk, especially after cutting funding for the Slovenian national news agency STA.

Reporters Without Borders have raised concerns about the recent attacks of the prime minister on Slovenian and international journalists, warning that there was a risk that Slovenia will use the EU presidency “to obstruct efforts to strengthen media freedom in Europe”.

Von der Leyen called on the Slovenian government to stop blocking funds for STA, stressing that “free, independent, and properly funded media” is crucial for the democratic debate.

Notably, the chief of the Green Deal and former EU commissioner for rule of law, Frans Timmermans, did not join the traditional family photo.

“I simply could not be on the same podium with prime minister Janša after his unacceptable attack on and defamation of two judges and two MEPs,” Timmermans said in a statement.

He was referring to a picture that Janša showed the collegue of commissioners with two judges and two MEPs identified as political enemies, according to Slovenian media.

“Judicial independence and respect for the role of elected MEPs are cornerstones of the rule of law, without which the EU cannot function. We can never stop calling out those who attack it,” Timmermans added.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Europa. 2021Q1. Pil eurozona -5.1%, EU -4.6, comparati sul 2019Q4. – Eurostat.

Giuseppe Sandro Mela.

2021-06-09.

2021-06-09__ eUROSTAT gDP 001

Ricordandosi bene di quando Stalin spedì in Siberia tutto il personale dell’Ufficio di Statistica, anche quello di Eurostat riporta pudicamente nei titoli i dati QoQ.

Poi, in fondo, riporta le tabelle dei dati comparati sul primo trimestre 2020 e sul quarto trimestre 2019, ultimo rilevamento prima della crisi del Covid.

La differenza è stridente, ma ben più aderente ala realtà dei fatti.

2021-06-09__ eUROSTAT gDP 002

* * * * * * *

In sintesi.

– GDP volumes were 5.1% and 4.6% below their highest level of the fourth quarter 2019 for the euro area and EU

– household final consumption expenditure decreased by 2.3% in the euro area and by 1.9% in the EU

* * * * * * *


Eurostat ha rilasciato il Report 2021 GDP down by 0.3% and employment down by 0.3% in the euro area.

                         GDP growth in the euro area and the EU.

In the first quarter of 2021, seasonally adjusted GDP decreased by 0.3% in the euro area and by 0.1% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. These declines follow falls in the fourth quarter of 2020 (-0.6% in the euro area and -0.4% in the EU) after a strong rebound in the third quarter of 2020 (+12.6% in the euro area and +11.7% in the EU). Before, the sharpest decreases since the time series started in 1995 were observed in the second quarter of 2020 (-11.5% in the euro area and -11.1% in the EU).

During the first quarter of 2021, GDP in the United States increased by 1.6% compared with the previous quarter (after +1.1% in the fourth quarter of 2020). Compared with the same quarter of the previous year, GDP increased by 0.4% (after -2.4% in the previous quarter).

                         GDP growth by Member State.

Ireland (+7.8%) and Croatia (+5.8%) recorded the sharpest increases of GDP compared to the previous quarter, followed by Estonia (+4.8%) and Greece (+4.4%). The strongest declines were observed in Portugal (-3.3%) and Slovakia (-2.0%), followed by Germany (-1.8%) and Latvia (-1.7%).

                         GDP components and contributions to growth.

During the first quarter of 2021, household final consumption expenditure decreased by 2.3% in the euro area and by 1.9% in the EU (after -2.9% in the euro area and -2.7% in the EU in the previous quarter). Gross fixed capital formation increased by 0.2% in the euro area and by 0.8% in the EU (after +2.5% and +2.0% respectively). Exports increased by 1.0% in the euro area and by 1.1% the EU (after +3.8% and +4.0%). Imports increased by 0.9% in the euro area and by 1.1% in the EU (after +4.5% and +4.4%).

Household final consumption expenditure had negative contribution to GDP growth in both the euro area and the EU (-1.2 and -1.0 percentage points – pp, respectively) while the contributions from gross fixed capital formation (+0.1 in the euro area and +0.2 in the EU) and changes in inventories (+0.7% in the euro area and +0.6 in the EU) were positive. The contribution from the external balance was slightly positive for the euro area and neutral for the EU, while the contributions from government final expenditure were neutral in both zones.

                         GDP levels in the euro area and EU.

Based on seasonally adjusted figures, GDP volumes were 5.1% and 4.6% below their highest level of the fourth quarter 2019 for the euro area and EU, which corresponds to the level of the fourth quarter 2016 for the euro area and is slightly above the level of the first quarter 2017 for the EU. For the United States, GDP was 0.9% below the level of the fourth quarter 2019 but recovered to its previous level of the second quarter 2019.

                         Employment growth in the euro area and EU.

The number of employed persons decreased by 0.3% in the euro area and by 0.2% in the EU in the first quarter of 2021, compared with the previous quarter. In the fourth quarter of 2020, employment had increased by 0.4% in both the euro area and the EU.

Compared with the same quarter of the previous year, employment decreased by 1.8% in the euro area and by 1.6% in the EU in the first quarter of 2021, after -1.8% and -1.5% respectively in the fourth quarter of 2020.

                         Employment growth in Member States.

In the first quarter of 2021, Hungary (+1.1%), Spain (+1.0%), Cyprus and Lithuania (both +0.8%) recorded the highest growth of employment in persons compared with the previous quarter. The largest decreases were observed in Latvia (-3.9%), Greece (-1.7%) and Slovakia (-1.1%). At this stage, data for Ireland and Romania are not included in the graph, due to a delayed publication in Ireland and series break observed in the first quarter 2021 in Romania.

                         Employment levels in the euro area and EU.

Based on seasonally adjusted figures, Eurostat estimates that in the first quarter of 2021, 205.6 million people were employed in the EU, of which 157.6 million were in the euro area.

In relation to the COVID-19 pandemic, employment in persons was 3.4 million in the euro area and 3.8 million in the EU below the level of the fourth quarter of 2019.

                         Evolution of labour productivity in the euro area and EU.

The combination of GDP and employment data allows an estimation of labour productivity. The analysis of growth compared to the same quarter of the previous year shows that productivity growth (based on employed persons) fluctuated around 1% for both zones between 2013 and 2018.

In relation to the COVID-19 pandemic, productivity based on persons increased compared to the same quarter of the previous year with 0.6% for the euro area and 0.4% for the EU.

Based on hours worked, productivity compared to the same quarter of the previous year increased by 2.0% for the euro area and to 1.1% for the EU.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Eurozona. 2021 Maggio. Inflazione annuale +2.0%. – Eurostat. Dati conflittuali.

Giuseppe Sandro Mela.

2021-06-02.

2021-06-02__ Eurostat nflazine 001

Eurostat. May 2021. Euro area annual inflation up to 2.0%.

Euro area annual inflation is expected to be 2.0% in May 2021, up from 1.6% in April according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in May (13.1%, compared with 10.4% in April), followed by services (1.1%, compared with 0.9% in April), non-energy industrial goods (0.7%, compared with 0.4% in April) and food, alcohol & tobacco (0.6%, stable compared with April).

2021-06-02__ Eurostat nflazine 002

* * *

                         Methods and definitions.

Annual inflation is the change of the price level of consumer goods and services between the current month and the same month of the previous year. Monthly inflation is the change of the price level between the current month and the previous month.

* * * * * * *


Si piglia atto come questi siano i dati ufficiali al 1° giugno 2021.

Resta tuttavia difficilmente spiegabile come possano essere coerenti a quelli riportati nel precedente Report, che datava solo il 19 maggio.

Eurostat. April 2021. Annual inflation up to 1.6% in the euro area.

The euro area annual inflation rate was 1.6% in April 2021, up from 1.3% in March. A year earlier, the rate was 0.3%.

* * * * * * *

Il 5 maggio sempre Eurostat aveva pubblicato i macrodati relativi al Producer Price Index (PPI) YoY, il quale valeva +4.3%.

Resta invero molto difficile capire come ad un simile aumento dei costi di produzione corrisponda una inflazione del solo +2.0%. Per non parlare poi dei costi dell’energia, saliti del 13.1%.

Pubblicato in: Armamenti, Devoluzione socialismo, Russia, Unione Europea

EU. Quasi tutti gli stati hanno mandato gli ambasciatori alla sfilata russa del 9 maggio.

Giuseppe Sandro Mela.

2021-05-14.

Putin_003__ - Copia

«Most EU states are sending their ambassadors to Russia’s WW2 victory parade on Sunday (9 May) despite tense relations»

«The list includes: Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Poland, Portugal, Romania, Slovakia, Slovenia, and Sweden.»

«The three Baltic states and Spain are not sending anyone»

«the Baltic states are boycotting the event for political motives»

«Lithuania’s ambassador will place flowers on the tomb of the Unknown Soldier in Moscow on 8 May»

«But the 2021 guest list also gives a snapshot of where individual EU states stand on Russia»

«But Berlin, in any case, always sends a VIP to the Red Square on 9 May because of Nazi Germany’s role in WW2»

«The EU ambassador is not in Moscow on the day»

«For a number of countries, this [9 May] is an important date and they appreciate the undeniable role the Soviet Union played in defeating the Nazis»

«This year, the Kremlin said it had not invited big names because the 76th anniversary was less important than the 75th»

«Presence at the level of an ambassador is always the lowest official representation possible, so this is also a sign»

«nuclear-capable ‘Iskander’ missiles, which Russia has placed in its Kaliningrad exclave, putting them in range of Warsaw and Berlin»

* * * * * * *

Gli stati dell’Unione Europea hanno nei confronti della Russia e di Mr Putin posizioni conflittuali ed incongruenti.

Da una parte devono constatare come essi dipendano dalle forniture di gas naturale russo, volenti o nolenti.

Nel contempo assistono al continuo ripristino delle forze armate russe, tornate ad essere allo stato dell’arte. Gli europei si sentono i missili russi puntati sulle loro teste.

È ben capibile che i governi europei odino di odio distillato Mr Putin, che nel giro di venti anni ha riportato la Russia al ruolo di potenza mondiale. Mr Putin è un russo che cura gli interessi del suo paese: sufficit.

Ma a tutto questo si aggiunge il fatto che Mr Putin è paladino del retaggio religioso, umano, sociale e politico: ha persino fatto scrivere nella Costituzione che il matrimonio è tale solo tra un maschio ed una femmina.

Per l’Unione Europea liberal socialista questa Weltanschauung è l’esatto opposto della loro ideologia.

*

In ogni caso si constata che “Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Poland, Portugal, Romania, Slovakia, Slovenia, and Sweden” hanno inviato i loro ambasciatori.

*


EU ambassadors flock to Red Square for Putin’s parade

Most EU states are sending their ambassadors to Russia’s WW2 victory parade on Sunday (9 May) despite tense relations.

The list includes: Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Poland, Portugal, Romania, Slovakia, Slovenia, and Sweden.

The Dutch ambassador is also expected to go, but had not confirmed as of Friday.

Austria, Cyprus, and the EU embassy in Moscow are sending chargé d’affaires.

The three Baltic states and Spain are not sending anyone.

Malta did not reply to EUobserver.

In Cold War times, Western analysts used to study who sat close to the Soviet leader at the annual event to try to understand Moscow’s opaque power structures in a practice called “Kremlinology”.

But the 2021 guest list also gives a snapshot of where individual EU states stand on Russia.

Relations nosedived in 2014 when Russia invaded Ukraine, prompting EU sanctions.

They got worse recently, when the EU imposed blacklists over Russia’s violence against opposition leader Alexei Navalny and Russia listed the EU Parliament president in revenge.

The Czech Republic and Russia also expelled dozens of each other’s diplomats after revelations that Russian spies blew up a Czech arms depot in 2014, killing two people.

But Berlin, in any case, always sends a VIP to the Red Square on 9 May because of Nazi Germany’s role in WW2, an EU diplomat noted.

The fact the Czech ambassador is going indicates Prague wants to mend ties despite the bomb attack.

Meanwhile, Austria, Cyprus, Spain, and the EU embassy’s decisions not to send top people mean little, because these were due to logistical reasons.

The EU ambassador is not in Moscow on the day, for instance.

But the Baltic states are boycotting the event for political motives, diplomatic sources said.

Lithuania’s ambassador will place flowers on the tomb of the Unknown Soldier in Moscow on 8 May instead.

And his gesture was meant “to honour the victims of all the nations that fought in WW2, civilian and military,” an EU diplomat noted.

“For a number of countries, this [9 May] is an important date and they appreciate the undeniable role the Soviet Union played in defeating the Nazis,” another EU source said.

“Ambassadors cannot escape from an invitation to attend such an event – it’s a matter of courtesy and, actually, their duty to come – unless bilateral relations are so bad that they couldn’t care less,” the source added.

Last year, the Austrian, Bulgarian, Croatian, Czech, French, and Italian presidents or prime ministers, as well as the Grand Duke of Luxembourg, had planned to go.

But the parade was cancelled due to the pandemic and, in the end, the Hungarian foreign minister was the only EU politician who went to a mini-event on 24 June.

                         Spin?

This year, the Kremlin said it had not invited big names because the 76th anniversary was less important than the 75th.

“This year is not a [major] anniversary year, so we don’t intend to invite foreign participants,” Kremlin spokesman Dmitry Peskov said in April.

But the EU source indicated that this was spin designed to avoid a potential “snub”.

“Presence at the level of an ambassador is always the lowest official representation possible, so this is also a sign,” the source said.

“This is a snub for the Russians. Although they will try to present it as EU member states attending,” he added.

The 2021 parade is to involve 12,000 soldiers, 190 combat vehicles, 53 warplanes, and 23 helicopters, according to Russia’s Tass news agency.

This includes ‘S-400’ anti-aircraft systems, which Russia installed in Crimea after seizing the peninsula from Ukraine.

It also includes nuclear-capable ‘Iskander’ missiles, which Russia has placed in its Kaliningrad exclave, putting them in range of Warsaw and Berlin.

                         Iskanders.

And for some Western observers, Russian president Vladimir Putin’s parades have come to look more like propaganda for future conflicts than celebrating the end of WW2.

Recalling a 9 May parade shortly after Russia attacked Ukraine, Robert Pszczel, a former Nato spokesman in Moscow, told EUobserver in 2015: “I don’t have a problem with kids cheering when they watch their country’s tanks go by”.

“But I do have a problem when the biggest cheer, the kind you hear at a hockey match, comes when they see the Iskanders go by,” Pszczel said.

“The West is dealing with a leader [Putin] who is bored by domestic politics, driven by a big but touchy ego, dreaming of his huge role in history, progressively emboldened by the short-term successes of his brinkmanship, and unchained from the restrictions of political, legal, and moral accountability,” Pszczel also said on Friday, in an op-ed for British think-tank Rusi.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Europa. Marzo21. Vendite al Dettaglio +2.7% MoM, +12.0% comparate su Marzo 2020.

Giuseppe Sandro Mela.

2021-05-08.

2021-05-07__ Eurostat Vendite Dettaglio 001

In sintesi.

2021-05-07__ Eurostat Vendite Dettaglio 002

– In March 2021 the …. volume of retail trade rose by 2.7% in the euro area and by 2.6% in the EU, compared with February 2021

– In March 2021 compared with March 2020, the calendar adjusted volume of retail trade increased by 12.0% in the euro area and by 11.6% in the EU

2021-05-07__ Eurostat Vendite Dettaglio 003

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Eurostat. March 2021 compared with February 2021. Volume of retail trade up by 2.7% in euro area and by 2.6% in the EU. Up by 12.0% and 11.6% compared with March 2020.

In March 2021, the seasonally adjusted volume of retail trade rose by 2.7% in the euro area and by 2.6% in the EU, compared with February 2021, according to estimates from Eurostat, the statistical office of the European Union. In February 2021, the retail trade volume increased by 4.2% in the euro area and by 3.8% in the EU.

In March 2021 compared with March 2020, the calendar adjusted volume of retail trade increased by 12.0% in the euro area and by 11.6% in the EU.

                         Monthly comparison by retail sector and by Member State.

In the euro area in March 2021, compared with February 2021, the volume of retail trade increased by 4.6% for non-food products and by 1.0% for food, drinks and tobacco, while it decreased by 2.9% for automotive fuels.

In the EU the volume of retail trade increased by 4.2% for non-food products and by 0.8% for food, drinks and tobacco, while it decreased by 2.3% for automotive fuels.

Among Member States for which data are available, the highest monthly increases in total retail trade were registered in Denmark (+22.5%), the Netherlands (+8.4%), Germany and Lithuania (both +7.7%). The largest decreases were observed in Croatia (-4.0%), Poland (-2.2%) and Austria (-1.9%).

                         Annual comparison by retail sector and by Member State.

In the euro area in March 2021, compared with March 2020, the volume of retail trade increased by 25.0% for non-food products (within this category mail orders and internet increased by 37.2%), and by 17.1% for automotive fuels, while it decreased by 1.1% for food, drinks and tobacco.

In the EU, the volume of retail trade increased by 23.6% for non-food products (mail orders and internet increased by 37.4%) and by 14.1% for automotive fuels, while it decreased by 1.2% for food, drinks and tobacco.

Among Member States for which data are available, the highest annual increases in total retail trade volume were registered in Slovenia (+24.0%), Denmark (+22.6%) and France (+21.3%). Decreases were observed in Hungary (-2.1%), Portugal (-1.1%) and Malta (-0.1%).

Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Unione Europea. 2021Q1. Pil eurozona -1.8%, Pil Unione -1.7%, anno su anno.

Giuseppe Sandro Mela.

2021-05-04.

2021-05-03__ Eurostat pil 001

Eurostat ha rilasciato il Report GDP down by 0.6% in the euro area and by 0.4% in the EU.

*

Eurostat. GDP down by 0.6% in the euro area and by 0.4% in the EU. -1.8% and -1.7% respectively compared with the first quarter of 2020.

In the first quarter 2021, seasonally adjusted GDP decreased by 0.6% in the euro area and by 0.4% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. These declines follow falls in the fourth quarter of 2020 (-0.7% in the euro area and -0.5% in the EU) after a strong rebound in the third quarter of 2020 (+12.5% in the euro area and +11.7% in the EU) and the sharpest decreases since the time series started in 1995 observed in the second quarter of 2020 (-11.6% in the euro area and -11.2% in the EU).

These preliminary GDP flash estimates are based on data sources that are incomplete and subject to further revisions.

Compared with the same quarter of the previous year, seasonally adjusted GDP decreased by 1.8% in the euro area and by 1.7% in the EU in the first quarter of 2021, after -4.9% in the euro area and -4.6% in the EU in the previous quarter.

Among the Member States for which data are available for the first quarter 2021, Portugal (-3.3%) recorded the highest decrease compared to the previous quarter, followed by Latvia (-2.6%) and Germany (-1.7%), while Lithuania (+1.8%) and Sweden (+1.1%) recorded the highest increases. The year on year growth rates were negative for all countries except for France (+1.5%) and Lithuania (+1.0%).

The next estimates for the first quarter of 2021 will be released on 18 May 2021.

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Per quanto imbellettati come una brutta ottantenne che vorrebbe esibirsi in microtanga, questi dati rappresentano una débâcle per l’Europa guidata da von der Leyen, Lagarde e Merkel.

L’enclave occidentale liberal si è fratturato in due tronconi:

Usa. 2021Q1. Pil +6.4%, Consumi Personali +10.7%, annualizzato. – BEA.

ma una nave spaccata in due tronconi alla fine affonda. Gli Stati Uniti sono in ripresa, mentre l’Unione Europea è in piena recessione. Gli Stati Uniti si avviano al termine del QE, il tapering, e verso un rialzo dei tassi di interesse. L’Europa è l’ultimo cascame del mondo a necessitare di tassi negativi e di un sostanzioso QE, Il conflitto è evidente.

Le esigenze di queste due sottozone geoeconomiche sono conflittuali ed antitetiche, non più collaborative.

Per non parlare poi del resto del mondo.

Cina. Marzo21. Profitti Industriali +92.3% YoY, +137.3% ultimi 12 mesi.

Cina. 2021Q1. Settori in crescita tumultuosa. Un monito per l’occidente.

Eurostat. 2020Q4. I debiti degli stati sono al 98% del pil del blocco europeo.

Giappone. Marzo21. Export +16.1%, Import +5.7%, anno su anno. La Cina supera gli Usa.

USA. Il Tesoro emetterà 271 miliardi di nuovo debito ora, 4,000 a breve. Rendimenti aumentati.

Indonesia. Marzo21. Export +30.47%, Import +25.73%, anno su anno. – Statistics Indonesia.

Cina. 2021Q1. Pil +18.3% anno su anno.

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La devoluzione del socialismo liberal europeo prosegue ineluttabile, come la campagna di Russia di Napoleone.Ma la Beresina è oramai vicina.