{"id":12401,"date":"2012-08-10T12:01:41","date_gmt":"2012-08-10T10:01:41","guid":{"rendered":"http:\/\/www.brennerbasisdemokratie.eu\/?p=12401"},"modified":"2022-07-16T15:01:36","modified_gmt":"2022-07-16T13:01:36","slug":"quotation-lxi-divided-by-rates","status":"publish","type":"post","link":"https:\/\/www.brennerbasisdemokratie.eu\/?p=12401","title":{"rendered":"Divided by rates."},"content":{"rendered":"

Little divides Stefan and Georg living either side of the Brenner Pass linking Austria and Italy. Although they carry different passports, they speak the same language \u2013 German \u2013 run similarly successful tourism businesses in one of the wealthiest and most glorious corners of a united Europe, and are clients of the same banking group, UniCredit.<\/p>\n

Only that Georg on the Italian side of the mountains pays twice as much interest on his loans as his neighbour Stefan in Austria. Georg \u2013 who incidentally has never been to Rome in his life but visits land he owns in Canada every year \u2013 wonders where Europe is heading.<\/p>\n

So does Roberto Nicastro, general manager of UniCredit, explaining that based on Italy\u2019s high borrowing costs on its sovereign debt \u2013 yielding more than 6 per cent compared with Austria\u2019s just less than 2 per cent \u2013 the bank is obliged to pass on widely different rates to its prime clients in the two countries.<\/p><\/blockquote>\n

Source: Financial Times (online).<\/a><\/em><\/p>\n

Unlike many Tyrolean politicians the Financial Times<\/em> seems to share \u2019s opinion that borders do still exist. From an economical point of view \u2014 according to the newspaper \u2014 there apparently even is a “right” and a “wrong” side of the border to be on. And we live on the wrong side.<\/p>","protected":false},"excerpt":{"rendered":"

Little divides Stefan and Georg living either side of the Brenner Pass linking Austria and Italy. Although they carry different passports, they speak the same language \u2013 German \u2013 run similarly successful tourism businesses in one of the wealthiest and most glorious corners of a united Europe, and are clients of the same banking group, […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12401","post","type-post","status-publish","format-standard","hentry","category-allgemein","entity-eu","issue-quotation","location-nord-osttirol","location-sudtirolo","language-english","topic-grenzen","topic-medien","topic-wirtschaft"],"yoast_head":"\nDivided by rates. - BBD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.brennerbasisdemokratie.eu\/?p=12401\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Divided by rates. - BBD\" \/>\n<meta property=\"og:description\" content=\"Little divides Stefan and Georg living either side of the Brenner Pass linking Austria and Italy. Although they carry different passports, they speak the same language \u2013 German \u2013 run similarly successful tourism businesses in one of the wealthiest and most glorious corners of a united Europe, and are clients of the same banking group, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.brennerbasisdemokratie.eu\/?p=12401\" \/>\n<meta property=\"og:site_name\" content=\"BBD\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Brennerbasisdemokratie\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-10T10:01:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-16T13:01:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.brennerbasisdemokratie.eu\/wp-content\/uploads\/2026\/08\/bbd-defaultimage.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Simon Constantini\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@31bbd\" \/>\n<meta name=\"twitter:site\" content=\"@31bbd\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Simon Constantini\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.brennerbasisdemokratie.eu\\\/?p=12401#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.brennerbasisdemokratie.eu\\\/?p=12401\"},\"author\":{\"name\":\"Simon Constantini\",\"@id\":\"https:\\\/\\\/www.brennerbasisdemokratie.eu\\\/#\\\/schema\\\/person\\\/d02c4d1a3c6c3b2c70d7c7f27eb857ec\"},\"headline\":\"Divided by rates.\",\"datePublished\":\"2012-08-10T10:01:41+00:00\",\"dateModified\":\"2022-07-16T13:01:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.brennerbasisdemokratie.eu\\\/?p=12401\"},\"wordCount\":214,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\\\/\\\/www.brennerbasisdemokratie.eu\\\/#organization\"},\"articleSection\":[\"BBD\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.brennerbasisdemokratie.eu\\\/?p=12401#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.brennerbasisdemokratie.eu\\\/?p=12401\",\"url\":\"https:\\\/\\\/www.brennerbasisdemokratie.eu\\\/?p=12401\",\"name\":\"Divided by rates. - 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