The 2008 financial crisis is not over yet and we already can see a new tile on the head of Italian companies: The new agreement between the banks, more commonly called "Basel Three" is on the horizon as an additional economic credit crunch for companies.
Those who have saved water in the throat in these years of crisis, threatens the final collapse, if the Mesh credit shaking; the pundits who claim that productivity is not able to swim, it needs to drown, if a logical point of view the reasoning is flawless, apply it to our economy means a further massacre of small and medium-sized companies whose only fault to not fall into that "algorithmic statement" that defines rating. Are not competitive? Unlikely, since it constitutes the largest source of employment in Italy and also the largest source of tax revenue for the state. Are not capitalized? True, but it is a crime so serious that it always invested everything in the work and machinery and not in the warehouses? And then, to be honest, who drove the leasing instead that the loans? Banks through their leasing company .......
suffer from globalization? Of course, like all companies in the world of rules, when you compare them to the world of non-rules. They suffer from asymmetry to pay, when they estimate the cost of their work, with businesses in the countries of Eastern Europe, where the party or the relevant comparison is not even China, are suffering from fiscal imbalance, when 60% of their work goes into bureaucracy and taxes, compared to services at least questionable in their value and efficiency.
Hope or organize a Darwinian selection among small and medium-sized Italian enterprises, solve a problem, or instead creates hundreds of thousands of small problems? Where will eventually those workers, those ex-entrepreneurs? How to make a living?
Sure there are companies out of date, held up by the banks that find themselves waiting for the road or at least advance to pay off debts. There are also entrepreneurs who live off of their society, especially with the money from the banks, which should be a real job and give up the ambitions of self-made man.
But all these are a minority in a sea of \u200b\u200bsmall and medium-sized businesses that struggle daily with tooth and nail to survive, refining endurance, diluting the patient, uploading the commercial energy, making the most of their creativity.
This is covered by the Basel 3?
Unfortunately not. Rod is fixed, it gives an algorithm with a vote, who is on has credit, who is not in him. Something similar to the line on the board, good right, bad guys left. Understanding whether and how to change the rankings, is not a problem for banks, which include a number, one vote, can not sum up a life of Companies, is a futile effort predicted or, in extreme cases, an unnecessary appeal all'ineludibilità of Fate.
This is morally, socially just? We have some doubts. The economy can not define the yardstick between good and evil, between life worthy of and deserving only of death.
For this reason, we believe it is rather a preventive action, preparation of the Company to the new credit crunch, through a methodical and reasoned aimed at serious assessment of their business, their performance and how to change your business reality, without upsetting, at no additional cost, to better figure in the Russian roulette that is the procedure for rating.
Prevention means knowing, then the discussion starts from Basel and the reasons for its creation, then analyze how it affects on the operation of banks, the third point will be to fully understand the process of rating, the fourth point, the longest of course, is to analyze every single component of the "company" and how it interacts with the same rating. Understanding how a single act or found to affect the bank rating helps us to understand how the rating can be influenced and improved.
0 comments:
Post a Comment