Italy

Of Maurizio Blondet

Source: Maurizio Blondet
So Mattarella, on behalf of a parasitic oligarchy that has ruined the country economically with its servility to Berlin, he warned us citizens and our elected officials against "the sovereignist narrative" - ​​and what it does? Immediately afterwards he attacks with the well-known "pro-European narrative": overcome particularisms, no country can do it alone, “we need more integration” etc.
We need to finally get him and those who repeat this old story, pick up a book, finally, that helps them understand how their "narrative" is fantastic and far from reality.
The book could be that of the professor of Monetary and Fiscal Policy at the University of Siena, Sergio Cesaratto , “Who doesn't respect the rules? Italy and Germany, double standards of the euro" (Imprimatur, 124 pages, 14 euro).
The book proves exactly what it says in the title, which Germany constantly violates, and always to your advantage, the rules of a monetary union; which imposes absurd regulations, which bring the destabilization of weak economies closer, instead of avoiding them; who wants to “obtain the discipline” of countries with high debt, like Italy, “increasing the possibility of a financial crisis”, and claims to "stabilize markets by bringing their breaking point closer", as Walter Munchau of the Financial Times wrote, therefore it is even negative in achieving the goals it proposes, recovery and prosperity.
It's about understanding that Germany, “obsessed with Italian bank bad debts”., has banks that, together with the French, they have toxic derivative securities in their belly for 6899 billion, or 12 times our sufferings. Europe seems to have only one need and urgency: how to force Italy to reduce its public debt, making the markets understand that we are potentially insolvent (and therefore they should demand higher interests from us), when in reality almost 30 Italy has maintained a primary surplus for years, that is, its tax revenues are higher than public administration expenditure (once the interest expense on the debt has been deducted). Read More