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A lot has been written about what Mario Draghi's arrival in Italy means for Italy. But little has been said about what he could mean for Europe. I think Draghi could be a game changer for EU; he could even turn its toxic North-South dynamic on its head. Thread 1/

 Why? The @EU_Commission is currently reviewing (quietly) member states reform plans. These are basis upon which EU capitals hope to begin receiving their allocation, in transfers & loans, from the €750 billion Recovery Fund, starting later this year 2/
Remember the numbers are unprecedented. Italy is eligible for ~€188bn (roughly €65.5bn in grants; €123bn in loans). Spain a €144bn, roughly €59bn in grants & €85bn in loans etc etc. The amounts for all member states are unprecedented 3/
Yet despite this, & fact Fr & Ger pushed hard for this deal, officials in Bxl are scathing about proposals advanced by.. Paris & Berlin. I oversimplify: but basically, Macron is distracted by Covid; Merkel, elections in Sept. Sweeping reforms are the last thing on their minds 4/
This puts Commission in its usual bind. If Bxl doesn’t raise the reform bar with Chancellery & @Elysee, it will have no credibility to push southern Europe to do same. But it also can’t impose reforms on countries that aren’t willing to do them, especially not the big 2 5/
Queue Draghi, who is likely to prove the exemplar: slashing red tape, addressing structural admin & judicial bottlenecks that have prevented Italy properly absorbing EU funds; tax & labour market reform, & a focus on levels & efficacy of investment 6/
Of course, none of this will be easy. The politics in parliament are treacherous, there's lingering divisions within his new Govt, big concerns over how long it will last & reforms will be pol charged & take on powerful interest groups 7/
But Draghi commands huge public support (60% & rising; Italy’s most popular pol figure by far) & a huge parliamentary majority. He also has a deep level of knowledge & expertise, & likely wouldn't have taken the job unless he had some assurances he could get his agenda through 8/
Perhaps most importantly: the example Draghi sets will create space & precedent for the Commission to go back to Berlin & Paris & demand they do more. It will reduce risk Bxl is scapegoated for not properly enforcing Dec deal (€ for reform); it may encourage Macron to do more 9/
The Recovery Fund needs to succeed in a few test countries, esp Italy but also France, to increase legitimacy of fiscal transfers within EU - either as a permanent feature or in event of future crisis. Even if Draghi makes this slightly more likely, this would be a big win 10/
But this isn't all. Draghi could also positively impact discussion on reform of EU’s outdated fiscal rules. Immediately re-applying the old rules after Covid - 3/60% deficit/debt limits & movement to those thresholds obvs makes no sense in light of unprecedented borrowing.. 11/
the pandemic has necessitated. The result would be (again) unprecedented austerity that even northern Europe recognizes would be counterproductive.  So rules will probs remain suspended this/next year as EU capitals negotiate what to do about them 12/
However, as we all know, the 3/60% & idea of debt reduction are hardwired into EU’s treaties & won’t change. But the secondary legislation that implements the treaty could be up for grabs. This is where the “Draghi effect” could have an impact 13/
Seeing reforms in Italy cd encourage more hawkish Northern states to back a set of rules that are slightly less obsessed with austerity & more focussed on growth (a “golden rule“) that carves out fiscal space for high quality public spending on green & digital transitions 14/
Bottom line: Draghi is unlikely to be the subordinate previous Italian PM's have been to their masters in Berlin, Paris, the Hague, Brussels & even DC. Draghi is a different beast 15/
If he delivers Recovery Fund reforms & spending in Italy that are seen as a success, Draghi could fundamentally change the econ conversation in Europe, & even its architecture/institutions & prospects over medium term

My latest in @POLITICOEurope

https://t.co/o60uA48OwB

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So just saw a clip with CNN pundits claiming Nigeria investing in rail transport with Chinese funding is nothing but a white elephant project. It would have been better spent to build schools. Since when did the media decide what Nigeria should and shouldn't do with its money?

Ive seen a Focus on Kenya Exclusive on CNN. They spent 4 minutes talking about Kenya's mobile banking system, which is the most sophisticated in the world, and spent an hour on Kenya's Kibera slums. When terrorist struck Nairobi mall CNN was unabash in showing images of blood

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I had cheques of other banks and a very huge calculator we called casting machine inside that 'portmanteau'.

Around this period 20 years ago, there was an influx of new generation banks that changed the landscape. Now, see how the banks have changed in 20 years. In just 20 years, the banking sector in Nigeria is the one of the most sophisticated in Africa. So much progress has been made
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Josh
@Josh731_
-Thread-

The Bolshevik Revolution was Jewish, 6/8 Soviet leaders from Lenin to Gorbachev were Jewish AND all three Presidents since the (fake) fall of the Soviet Union are Jewish

Lenin✡️
Stalin✡️
Khrushchev✡️
Brezhnev✡️
Andropov✡️
Gorbachev✡️
~
Yeltsin✡️
Medvedev✡️
Putin✡️


First Soviet government mostly Jewish:

Funded by International Jewish bankers;

https://t.co/qdmhsmSRFz

Ariadna Tyrkova-Williams on Bolshevik revolution:

“In the Soviet Republic, all the committees and commissaries were filled with Jews”

https://t.co/iysRhViRe3


Lenin:

"Russian-Jewish newspaper Yevreyskaya Tribuna , 22nd August, 1922 - Lenin asked the rabbis if they were satisfied with the particularly cruel executions."

https://t.co/vWoUqvmXc4


Stalin:

B’nai Brith report - Stalin is Jewish (pg 35)
https://t.co/Km9UClfrRt

Stalin's Jewish mother (Jewish Cup Kiddush covered with a shroud - on the grave of Stalin's mother) https://t.co/XXAkeC6wID

Soviet Analyst, Volume 31, Issues 1-7
https://t.co/ycZG4XshNC


Khrushchev:

Nikita Salomon PEARLMUTTER. (img 1) https://t.co/aVLCetMf3w

Another source for Pearlmutter (img2)
https://t.co/m6JzRrD1BJ

"Khrushchev, also, promptly added that the Soviet Government is based today on Jewish leadership"
https://t.co/4lg7XZJON8
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@faisalislam
NEW:
BBC has seen the official internal management data for the new post Brexit freight border - roll on roll off lorry outbound flows to EU now at 98% of last February - though was 73% in January... officials say “back to normal”...


That is reference to lorry flow rates - which is what Cabinet Office key committees most concerned about post Brexit in terms of knock on social impact for supplies of everything. Government now confident its “reasonable worst case scenario” of 7k lorries in kent won’t happen...

That is not same as saying trade has normalised - drawing on multiple sources - ferry manifests, Kent checks, french official data - the level of empty lorries on the short straits is around 50%, and was normally around 30%... ...

traffic here was 67% normal in Jan - 82% in feb

Combining those and you get to around 2000 fewer laden export trucks a day in January, still notable fall now. Officials say much was displaced into last year by stockpilers. On other hand French transport sources suggest the higher value Tunnel export empties more like 50-60%

Officials have been tracking the commodity codes on the ferry manifests and have distinguished between freight flows hit so far in 2021 by general COVID downturn - eg clothing and apparel, and post Brexit transition - agriculture, food and groupage
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taporth\u012bya
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@taporthIya
These moρlahs, guided by the bigot Alι Mµsαlιαr did not fight against any oppression, Britishers or landlords. The moρlah rebellion is a vιolent vehιcle of jιhαδ. Its sole purpose: to mαssαcre Hindu-s, convert them to ιslαm and establish M sovereignty.
⋮


Tyrant Tιρµ was largely responsible for the forced conversions in Kerala. He surrounded homes of the H and forced them to convert to ιslαm, consume bεεf and be circµmcised.


Fleeing persecution from the rogue, many H fled to Tiruvanantapuram. There too, common M would now and then be enraged and wage jιhαδ on the helpless Hindu-s. The forcible conversions and desecration of our temples were the norm of the day.
⋮


T L Strange, a special commisioner of the Malabar region was appointed to enquire into the reasons for the outrages. He filed a report "Malabar Manual" in 1852 where he firmly says that the reason for the 'uprising' was M rεligιous fαnatιcism —
⋮


Moplah outrages on H was a regular occurrence in Kerala as we will show below. The most gruesome one in 1921 is what is famously referred to as such nowadays. In the aftermath of 1921, a special tribunal of 3 judges convened in Calicut.
⋮
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