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A New Beginning of Socialist Era in West Europe, France Elected Socialist President

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Francois Hollande

French interior minister, Claude Gean has declared Socialist Francois Hollande the new elected president of France. The declaration came when another big change in the East was taking place as the old icon Vladimir Putin returned to drive Russia for another term, Francois Hollande a socialist leader, will be country’s first left-wing president since 1995, winning with 52% votes against the incumbent, Nicolas Sarkozy. After counting 99% of the ballots, Francois Hollande secured 51.7% of the votes, and Nicolas Sarkozy – 48,3%.

This change in France hasn’t come as a surprise to many as Sarkozy was facing a decline in his well as he came near to the end of his tenure. Banning Veil in the country and taking a leading role in Libyan mission was some of his attempts to regain the popularity, which did not work as expected. Hollande campaign emphasised on being a “normal” President, as opposed to Sarkozy’s sometimes controversial presidential style. The new president has come with some good objectives:

  •  To resorb France’s national debt by 2017 (cancel tax cuts for the wealthy and tax exemptions introduced by Sarkozy)
  •  To raise income tax by 75% for incomes beyond one million euros
  •  To bring back the retirement age to 60 years old, for people who have worked 42 years (full pension)
  •  To recreate the 60 000 jobs in public education, which were cut by Sarkozy
  •  To give the legal right to marry and adopt to homesexual couples
  •  To give the right to vote in local election to the residents without European Union passports, but who have atleast 5 years of legal residency
  •  To regulate rises in rent
  •  To use punitive measures in compelling towns and cities to apply the 2000 Law on Solidarity and Urban Renewal 
  •  To provide public lands for the building of social housing, provided by the above mentioned Law.

Some of the declaration which he made:

“I will be President for all French people”.

“Everyone in the Republic will be treated on equal rights and duties.”

“I spoke in recent months about the French dream: it is our history, it is our future. It is simply called progress!”

“I would like to wish Hollande that France cope successfully with all of its trials”, – said Nikolas Sarkozy who is being replaced by Hollande.
Head of the Russian Federal Agency for the CIS Affairs Konstantin Kosachev said in a statement that the winning of the French presidential election by Socialist Francois Hollande will favourably affect Russian-French relations. Kosachev feels that Russia and France share cultural interests and enjoy extensive civil society contacts [Source: Hollande’s victory to favourably affect relations with Russia – official]. 
Hollande has come at the time when Europe is probably going through one of the worst time. Unemployment is rising and hitting its highest level ever in Europe since the creation of the euro. Hollande’s campaign calls to rewrite not so old, long-negotiated EU fiscal pact to have budgetary discipline, causing uneasiness in the markets and which could disturb German Chancellor Angela Merkel.

France and Germany was responsible for handling the Europe’s financial problem, as German Chancellor Angela Merkel and Nikolas Sarkozy shared good relations, it is now to see how they perform as now Spain has cashflow trouble, Italy is struggling to stay afloat and France, whose performance has gone down, is facing increasing unemployment rate, growing disparity with Germany and alarms of possible downgrade of its rating.

However, German Foreign Minister Guido Westerwelle has given indication that Germany is willing to work with the new President of France positively. “We will work together on a growth pact”.

 

Now, the question is how will his victory influence the economic future of Europe as a whole. The Economist had earlier labelled him as “the rather dangerous Monsieur Hollande.” However, Thomas Klau of European Council of Foreign Relations said, Europe  should have no real reason to fear Hollande’s victory.

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Economy

Seasif’s Franco Favilla discusses the post-Covid economy and the price of gold

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Although the Covid-19 pandemic isn’t over yet, there has been much discussion on the idea of a “post-Covid” economy, especially with the beginning of vaccination efforts in some countries. With markets throughout the world suffering the economic effects of the virus, experts have been looking towards the future –– and one of the topics that often comes up is the price of gold.

In August, the price of gold exceeded US$ 2,000 an ounce for the first time, driven by multiple factors. However, in November, advancements in Covid-19 vaccines led to a decrease in this trend, a result of the turbulent period we are going through.

“Regardless of the market volatility and the price changes that could occur over a given period of time, the fundamental fact is that the price of gold over the course of 2020 has reached an all-time high, and this, in my opinion, is very good news for the world economy,” explains Franco Favilla, founder and CEO of Seasif, a multinational company active in the extraction and trading of gold and oil.

According to Mr. Favilla, the main problem of the pre-Covid economy was the completely arbitrary nature of international finance. At one time, a ton of gold corresponded to a ton of currency, but since the 1980s, and at an impressive rate since 2000, the gap has widened enormously, so much so that today the relationship between the world’s currencies and gold is enormously unbalanced.

Total gold reserves around the world cover only 30% of currencies. This means there is nothing to cover and guarantee the value of money. In short, money has turned into a pure convention, a pure agreement between parties acting outside the market. Gold, on the contrary, guarantees democracy, because it protects savers and the market, offering an objective value for parameterizing every transaction. 

“My hope, therefore, is that the crisis caused by Covid-19 will help to change finance, making it less ‘phantom’ and more linked to an objective dimension, based on gold, with obvious advantages for the real economy. Gold protects consumers, the most important component in any economic system: if you don’t have a market made up of consumers with a certain level of wealth, how can you sell? To whom? Consumer protection must come first, and gold is one of the main ways of protecting them,” states the CEO of Seasif.

Sustainability has also been at the forefront in discussions about the post-Covid world, as countries look towards establishing a more resilient global economy, one able to better withstand such events in the future –– and “green gold” may well be a part of that future. Green gold, in a sense, can be considered the “gold of the future” due to its ethical and sustainable extraction process. Seasif produces green gold, with a department entirely dedicated to green, and has allocated economic incentives to its continued production.

Even as 2020 draws to a close, the future may still look uncertain. But for those searching for greater security, gold may be one of the few certainties left.

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Europe

How much money do you need to live comfortably in Spain?

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malaga andalusia spain

There are plenty of reasons why you may be thinking about living in Spain: its population is friendly and kind; its climate, especially in the coastal areas, is enviable; its gastronomy is incredible… but, what about its prices? What is the most affordable way to live in Spain?

Perhaps the most important question if you decided to go: would it be better to buy instead of renting a property in Spain. Or yet living in a Spanish residence?

Spanish cities where to live cheap and well

In the geographical variety that Spain presents, we can find many differences in average salaries and the standard of living that reside there would require. The areas of Galicia, Extremadura, Castilla y León, together with Almería and the south of Alicante usually have a lower price of euros/square meter in their homes. The quality of life is really appreciable, but you should know that there are fewer possibilities for business and transports.

The autonomous community of the Basque Country, Catalonia, and Madrid, which have higher than average incomes (normally more than 24,000 euros per year), also have higher prices. However, Madrid has such a wide range of rents that it sometimes makes them cheaper than other countries. 

In addition, and taking into account the tourist seasons, the areas of Valencia and Andalusia are normally a preference when it comes to living in Spain for a while or even spending your retirement. Although day-to-day life can be more expensive than in other areas of Spain, the mild climate and variety of leisure options are often worth it in the long run. 

Whatever your option is when moving to another country, especially if you don’t know its legal system, can be very tiresome. That’s why our advice is to try to contact local agencies (that speak English) to give you fair and fruitful advice. For example, to move to Andalusia, we usually recommend Tejada solicitors

I have already decided on the place. Now what?

Well, if you have already fully immersed yourself in the streets of a beautiful city that we have talked about, what should be your first step?

Decide what kind of stay you want to be in (since your future economic situation will also depend on this: taxes, permits…). You may have already chosen, for example, property conveyancing in Marbella, but it is recommended that you also think about renting a property, because it can be very profitable while you are in your other place of residence.

To sum up, before moving to a Spanish city, decide if you want to spend a little more money per month in exchange for the exceptional conditions that their precious land can give you; secondly, contact a reliable agency that will help you make the best investment and even more, apply for a Spanish residency if you are decided to stay for a long time.

And remember: a move is always a new beginning.

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Europe

Holiday in Italy: choose Florence for a break in the winter

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Florence is one of the most visited Italian cities, with over 15,4 million tourists visiting the city each year. Located in the heart of the Tuscany region, this beautiful city breathes history, life and culture among its streets. If you are looking for the perfect location for your next winter holidays, then you should look no further, Florence is the perfect destination for you.

Enjoying the best cuisine

Florence is one of the cities with the richer gastronomy in the world. From traditional Italian cuisine to exquisite wines, the food in this city have everything you may wish for in order to please your palate.  With so many options available, you may be wondering where to eat in Florence. Food critics recommend that you check out the following options during your visit to Florence: 

  • Traditional Italian cuisine: visiting Florence and not tasting original Italian cuisine would be considered blasphemous by many.  Italy has one of the most delicious gastronomies in the world, and in Florence you will be able to taste it at its finest with local ingredients. Restaurants like La Chiostrina or Il Rosmarino will allow you to rediscover Italy by its traditional food.
  • Tasting the local wine: wines from the Tuscany region are famous worldwide as the best in the market, making this region the Mecca of wine lovers. During your visit to Florence you will be able to taste those deliquescent wines in restaurants such as Olio Restaurant or Villa Pitiana Restaurant, or taste it on places dedicated exclusively to wine such as Enoteca Obsequium Firenze or L’Enoteca Sandro Soltani.
  • International cuisine: if you like international cuisine, then you are on luck. The best chefs around the globe have restaurants on Florence. This means that you will be able to taste flavours from all the world without having to leave the city. For example,  you can visit the restaurant El Inca for a taste of Peruvian food, restaurant Com Saigon for genuine Vietnamese cuisine, restaurant Ararat for Armenian and Georgian traditional food, or Dim Sum for refined Chinese cuisine. Discover the world by trying the taste of these countries’ traditional flavours.
  • Taste original gelato: gelatos are the ice cream predecessors, and they have been one of Italy’s culinary specialties for centuries . This traditional Italian cold dessert is similar to ice cream, but has less fat and less added sugar. You will be able to enjoy this amazing treat on the many gelaterias around Florence streets, such as Gelateria Edoardo or Gelateria Dei Neri.
  • Tapas and Street food: these are excellent alternatives if you are looking to make a simple meal with your family. You will be able to enjoy these small dishes in places like Italian Tapas or Rivalta Cafe.
  • Modern cuisine: you can taste the most modern and alternative cuisine in the world in Florence. Restaurants like Alla Torre De’ Rossi or Winter Garden by Caino will bring to your table the sophistication the more delicate palates crave. 

Discover Florence’s hidden gems

Florence is a city with a lot of monuments and museums to discover. However, most people that visit the city tend to focus only on the main monuments of the city, such as Campanile di Giotto or Palazzo Vecchio o della Signoria, and the restaurants near those. Because of that, if you want to experience Florence to its fullest, we recommend you rent a bike

Discovering Florence by bike will grant you access to places away from the mainstream crowds,  such as the Andrea del Sarto Museum (dedicated to this amazing Italian painter) or the beautiful Ospedale degli Innocenti (a 17th-century home for abandoned children which includes some amazing pieces of art done by renowned artists like Botticelli). These are really stunning places you would miss if you stick to the traditional tourist route, causing you a lot of regrets over the missed chance. 

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