Page 125 - Supplemento 2-2016 (ENG)

Tackling Environmental Crime throUgh standardized Methodologies

But there is more. Financial speculation also creates “financial products”,
the so-called “derivatives”, which are high risk “debts”, provoking only ban-
kruptcy and the seizure of existing real assets for the benefit of the so-called
“creditors”. Finally there is the attack on sovereign debt. Finance, acting against
every international treaty, beginning with the Bretton Wood treaty of 1944,
which we joined in 1947, and using the infamous law n. 130 of 1999 which, in
contrast to precise rules of the civil code, admitted the “securitization of credit
rights”, transforming “debts” into “marketable stock” with a value on the stock
market, has acted, unchallenged, as an “anti-sovereign”, raising and lowering
such stock on the stock market (remember that the devaluation of stock increa-
ses interest rates), thus influencing the stability of prices and exchange rates.

The term “spread” was widely referred to and yet no-one objected that in
such a way the “debt” of our country, and therefore the taxes to be paid, would
become dependent on the whims of speculators, many of whom bet together
on our country’s economic failure on the stock exchange, rather than on our
real economic situation.

Incredibly, the same financial speculators who had occupied international
and European institutions, becoming the real masters of Europe and allowing
themselves to issue us with binding “limitations”, then imposed on us the
“fiscal compact”, signed by the Berlusconi government and implemented, in
part, by the Monte government, under which, starting from 1st January 2015,
we had to set aside (there are no exact details about this) about 50 billion a
year for 20 years, not with the declared aim of “reducing debt” but with the real
aim of increasing it, as always to favor the speculators since, as everyone knows,
debt is reduced through development, not through the allocation of resources
which merely fuels a “recession”, subsequently increasing the debt itself, with
the final consequence of further “privatization” and “selling off ” of territory

4. Political action is obviously crucial in this situation. However, it must
be underlined, and this is where the action of legal experts is important, that
this is a situation which can also be reversed, acting only on a legal level, since
it is against the Constitution, against Community and European Union treaties
(which prescribe the principle of “economic and social cohesion” of member
countries) and against international, customary and contractual law.

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