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New silk road: Italy power

With the "new silk road" tying China more closely to Europe. The project is among the most important economic Nations, but controversial. As the first G7 coun

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New silk road: Italy power

With the "new silk road" tying China more closely to Europe. The project is among the most important economic Nations, but controversial. As the first G7 country to join Italy.

From the ceiling a chandelier with Chandeliers hanging, behind the curved, glass Desk, an oil Painting with a historical coastal motif, and outside, the traffic roars on the Via Veneto. Here in the work room of Michele Geraci on the fourth floor of the Ministry of economy, the conceived and worked out, what the Partner of Italy puts in a frenzy: the planned Italian-Chinese Declaration of intent with the Rome of the so-called silk road Initiative of Beijing is connected.

Geraci notes the concerns expressed by, among others, from Berlin, Paris and London with a Smile for knowledge. The other friendly European States would have no reason to fear that Italy could be a gateway for China, which will then be used in the other European countries to penetrate, explains Geraci.

dependencies of China?

in Spite of the reassurance attempts of Rome to the European partners, but also Washington see, the danger is that China creates in the framework of the silk road Initiative economic dependencies, the Beijing then also politically useful. Italy, as so far the only state in the G7, the group of the most important economic Nations in the world, is now ready to reach out to China, the Hand at the Central, world-scale infrastructure project.

Geraci Threaded threaded the Deal a

this spectacular Deal Geraci. For ten years he worked as an investment banker in China, already at that time he campaigned for economic cooperation with China. A year ago, the Lega Nord leader, Matteo Salvini, friendly Geraci returned to Italy and was swept away by the new populist coalition in Rome on the chair of the Secretary of state in the Ministry of economy. Since then, the fluent Mandarin speaking followed at the end of, and in Beijing, excellently networked Geraci a clear goal: "I have returned, inspired by the idea that Italy is his place back as the economically important country. Not only the Form, but in substance."

Michele Geraci helped broker the Deal with China.

Italy's new economic power, so Geracis Plan, will largely come from the cooperation with China. A Plan, as a business professional Geraci in a government that is occupied with many political newcomers, in the past few months, consistently. Despite Italy's existing concerns.

"do you Want a Stranger, the wegkauft you everything?"

The Italian President of the European Parliament Antonio Tajani of the Berlusconi party Forza Italia, for example, the risk that Italy, China opens the door, and then of the gigantic economic power quickly becomes dominated: "you Wanted a Stranger in the house, the wegkauft you all? Kitchen, Bedroom, Furniture? Then you're very quickly for guests in-house. I don't think that's right. Mainly because I can't do the same thing, if I go to China."

The fear that the planned agreements with Chinese companies, ports, important establishments, and perhaps even telecommunications in Italy buy, is, according to Geraci absurd. For one, it was in the agreement to a Memorandum of understanding obliging Italy to nothing, and China has no rights to give. On the other hand, the government in Rome will maintain their existing right of objection to all strategically important investments.

More export opportunities to Italy

But, says Geraci, of course, Italy hope through the agreement on more economic Engagement of China, and Vice versa on more export opportunities for Italian companies. Germany export currently seven times more to China than Italy, the small country of Switzerland is still twice as much. "With the current 'Memorandum of understanding' we try to make up for lost time. The Germans have made in the last ten, 15 years, very good. We no longer have ten years time. What do we do now, is a tool for acceleration."

An acceleration program made by Geraci. China's President Xi will make after the signing of the agreement - and that is quite unusual - a trip to Palermo. A small gesture of friendship. Because that's where Italy's President Sergio Mattarella at home and the "father of the agreement is" on the Italian side, Geraci.

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