Reporting of BastaBugie editorial team
(AUTOMATIC READING)
The recent Ipsos survey on Italians' opinion on the European Union went almost unnoticed. Yet it is a hot topic and the popular response is decidedly embarrassing for mainstream living rooms and academies, who have a monopoly on public discourse.
In essence, Italians' trust in European institutions has plummeted. In the 2008 it was around the 75 percent and again in 2011 reached the 70 percent: today it collapsed at 34 percent.
Italy was once the most pro-European country on the continent and today it is one of the most eurosceptic. Never had trust in European institutions been so low.
We were pro-Europeans because they had made us believe that it was all a fabulous dream towards cosmopolitan happiness, like a gigantic edition of “Games without borders”, a mass Erasmus with the background of”Ode to joy” by Beethoven.
And they made us believe that the Euro was “the land flowing with milk and honey”. Rivers of rhetoric, of false promises and illusions.
Then the awakening. The precipice that goes from 75 percent per 34 per cent resembles the sudden awakening from a dream. It is the bitter disappointment of those who open their eyes to something (or someone), after having greatly deluded himself. Photograph the shock of those who realize they have been deceived. And he feels betrayed.
It is the state of mind of those who thought they had embarked on an earthly paradise and instead found themselves in hell. A utopia that becomes dystopia (or even cacotopia).
HOW ITALIANS HAVE OPENED THEIR EYES?
The reasons are many: the discovery of European institutions even worse than the Italian ones in terms of bureaucratic obtuseness and costs; the arrogance with which Italy is treated (also due to the subordination of past Italian governments); the feeling that there is someone who dominates like Germany, while Italy suffers the decisions of others.
But above all, dal 2011, two enormous phenomena have opened the eyes of Italians. Primo: the migratory invasion that Italy had to endure, alone, paying very high economic and human costs. With Europe that – in words – he gave us lessons in do-goodism and then closed the borders.
Second: the consequences – devastating for Italy – of the economic crisis of 2007-2008 which have dissolved all the fake promises about the euro and the European Union which – to listen to the propagandists – they would have protected our country from storms.
In recent years it has been discovered that in Italy – numbers in hand (but also from empirical experience) – we are much worse off than we were 25 years ago, before the Euro (as income, living conditions and how wealth is produced).
And everyone knows that for the first time our children – victims of massive youth unemployment and precariousness that ruins their future – they will be worse off than us. For the first time in our history.
FOREIGN GOVERNMENTS DECIDE
Furthermore, we realized that we are no longer masters of our destiny, that we are governed by foreign and unknown nomenklatures that none of us have ever elected. That foreign governments decide on us and impose their will in Brussels.
So we have the feeling of having been expropriated of our democratic sovereignty without anyone ever asking us for permission.
It's a right feeling. It corresponds to what happened from Maastricht onwards. Expropriated of sovereignty without our knowledge. After all, this is the real strategy pursued by the architects of the European Union.
It was expressed by Jean Monnet, who is one of the demiurges of the European institutions, In the 1952. He said: “European nations should be guided towards a superstate without their populations realizing what is happening. This objective can be achieved through subsequent steps, each of which is hidden under a purely economic guise and purpose”.
Hearing these words, Charles de Gaulle replied that Monnet wanted to create “supranational monstrosities”.
But over time it is precisely Monnet's technocratic plan that has prevailed. And here we are today “supranational monstrosity” to which the peoples of Europe are beginning to open their eyes. And to demonstrate their intolerance.
Note from BastaBugie: here are links to previous articles on the European Union
NATALE 2017: FOR THE EUROPEAN UNION THE SAVIOR IS NOT’ JESUS, BENSI’ ROMANO PRODI
The bold professor declares that without the European Union, Italy will disappear from the face of the earth (Please, tell him that Britain has left the EU and does not appear to have disappeared, in fact it is more vital than ever)
by Antonio Socci
http://www.bastabugie.it/it/articoli.php?id=4983
BREXIT COLLAPSES THE MYTH OF A MULTICULTURAL EUROPE WITHOUT BORDERS
When asked, the people always reject the European Union, as in 2005 in France and Holland in the referendums on the European Constitution which canceled the (obvious) Christian roots
by Roberto de Mattei
http://www.bastabugie.it/it/articoli.php?id=4289
ITALY E’ (IN EUROPA) THE CHICKEN TO Pluck
They told us that the European Union and the single currency were an exclusive club with enormous benefits… and we took the bait
by Antonio Socci
http://www.bastabugie.it/it/articoli.php?id=4778
THE EUROPEAN UNION LIKE THE SOVIET UNION?
Soviet Commissar of Education wrote in 1930: ”Our problem now is to eliminate the family and free women from caring for children”
by Dina Nerozzi
http://www.bastabugie.it/it/articoli.php?id=2806
9 h
We are in deep shit Salvini Di Maio it's time for truth now what will you do? We exit the euro immediately or not? #EU. TWO TRAPS AND A RISK FOR ITALY AT THE NEXT EUROPEAN COUNCIL
Germany and France are setting up two gigantic traps against Italy, to be triggered at the next European Council of 28-29 June, when the topic of the reform of the economic governance of the European Union will be discussed. German Chancellor Angela Merkel and French President Emmanuel Macron have been preparing this summit very carefully for months, through various bilateral meetings in which the entire economic and political elite of the two countries participated, with the aim of finding a common position to carry forward to obtain control of the public finances of the European Union.
The agreement was reached in recent days at Mesemberg Castle, with the French president coming to the aid of the German chancellor, grappling with delicate internal political problems, from which he tore the “Yes” to the French proposal to create a common European budget with a single finance minister. Macron also obtained German approval on the proposal, launched by the French Christine Lagarde, current director general of the International Monetary Fund, to transform the European Stability Mechanism (the famous “state-saving fund”) into a real European Monetary Fund, based precisely on the IMF model, with the aim of intervening, just like the Washington institution, in countries experiencing financial distress. This fund would work thanks to a mechanism “concessional”, based on the paradigm “money in exchange for reforms”, which is precisely the one used by the Monetary Fund in its international interventions. Non, Therefore, an equalization fund, typical of federal states and desired by the founding fathers of Europe, which transfers, through a predefined formula and automatically, resources from the richest states of the Union to the poorest ones, but a blackmail mechanism, by which the countries that hold the majority in the fund have the power to decide the reforms that the most indebted countries must make. From this point of view, France and Germany propose to overcome the criterion of unanimity in decision-making to converge towards the use of the qualified majority. Considering that voting power within the ESM and the future EMF depends on the weight of the shares held, which are then in proportion to the GDP of the States, if the reform passed, the Franco-German axis would have a vote percentage of approximately 47%. With the presumably addition of some other satellite countries of Germany, like Holland, an absolute majority would easily be achieved. In any case, also with the adoption of a qualified majority, the two countries would have a veto power that would be impossible to overcome. At that point, a country in difficulty would be de facto placed under commissionership and, to obtain the money needed to get out of the crisis situation, he should surrender to carrying out everything that is imposed on him by the governance of the fund, that is, from France and Germany. Even more specifically, Angela Merkel conceives the EMF as an institution capable of managing “piloted defaults” of sovereign states with unsustainable public debt, proceeding, as was done for the Greek experiment, to renegotiate the debt in the face of draconian reforms, including cuts to pensions and public salaries, and the privatization of state assets, which would then be purchased by richer countries.
The other big trap that the Franco-German axis is preparing for Italy concerns the completion of the Banking Union, to be implemented through a major cleaning of the balance sheets of credit institutions, especially on the part relating to Non-performing loans (NPL). Even in this case, the Franco-German agreement was born at the Mesemberg meeting, where Paris and Berlin agreed on the need to introduce the objective of reducing gross non-performing loans to 5% and the net ones al 2,5% of total loans held on the balance sheet. If this proposal were to pass, the Italian institutes, which currently hold gross NPLs for a share equal to 11% and net NPLs for a share equal to 6%, they would have to make a huge effort to fit within the parameters, with the almost certainty that, to achieve the goal, are forced to reduce the amount of loans to families and businesses. A choice that would be punished by the financial markets through a collapse in share prices, making the same institutions prey to foreign acquisitions. May France's objective be to continue its campaign to conquer Italian savings, already started with the acquisitions of Pioneer, taken over by Amundi, and Banca Leonardo, taken over by Credite Agricole, it's well known. The next target is the big one, the total conquest of Unicredit, da far confluire in Société Générale. From this point of view, France had the courage to include Danielè Nouy at the helm of the supervision of the European Central Bank. In full conflict of interest, Nouy was the strongest proponent of the NPL reform, from a restrictive perspective, coming to clash with the governor Mario Draghi and the president of the European Parliament Antonio Tajani, which claimed the competence of the legislative power on this issue. For the moment, the Italian front has won its battle, but things will change inexorably starting next year, when the mandates of Tajani and Draghi expire. At that point, the France, which currently does not hold important roles within the Union, is ready to launch the assault on these two seats. At that point, would find very few obstacles to pass the reform of bad banking loans, in a perspective that is profitable for you. For the Italian banking system it would be a catastrophe. Strangely, There is no mention of the issue of illiquid securities in the Franco-German proposals, detained for the 75% by French and German banks. Italy, on this topic, he never made a proposal. In summary, if the banking union model proposed by Macron and Merkel passes, risk sharing would only exist for these two countries. The weaker ones would not be guaranteed at all, On the contrary, the savings of their citizens would easily be prey to the Franco-German giants.
There is, In the end, a third risk, more subtle to grasp but equally dangerous for our country. Il 24 Last May the European Commission published the COM regulation proposal 2018/339 of discipline of the so-called “sovereign bond-backed Securities” (“SBBS”). The Proposal aims to introduce new financial instruments into the European regulatory context, the SBBS precisely, resulting from the securitization, through private investment vehicles set up specifically, of a predefined basket of European sovereign bonds issued in Euro. These tools, in the intention of the Commission, they will be structured according to the issuance scheme in different tranches, typically senior, mezzanine e junior, depending on the associated risk and expected returns, so that the losses resulting from the possible default of the underlying instruments would first be absorbed by the subordinated issues (junior e mezzanine) e, only at a later time, from senior issues. All too easy to understand how German and French debt securities, considered less risky, they would end up in the senior tranches, while the Italian ones, they would end up in the riskier tranches with higher returns. With SBBS, This creates a two-speed market for financial instruments, a sort of ploy to replicate the idea of the two-speed currency in which France and Germany have invested for some time.
For all these reasons, I advise the Minister of Economy Tria to proceed very carefully during the next Ecofin meetings, above all, of the European Council, suggesting not to immediately take any position towards the proposals that Angela Merkel and Emmanuel Macron will push as hard as they can at that summit. E’ it is all too clear that the Franco-German axis will offer Italy the bait of granting a few decimal points more of the deficit for the next budget law, in exchange for Italian assent to their proposals. A poisoned meatball that would cause Italy to lose sovereignty over its economic policies. If the Lega-Five Star Movement government really cares about maintaining national sovereignty, the time has come to prove it with facts. In a European Union that still presents enormous asymmetries between Member States and with a level of economic integration that is still low or completely non-existent, as in matters of border defense and foreign policy, the Conte government should clearly say that, until progress has been made on integration policies on the management of European borders and immigration policies, the process of reform of European governance cannot continue
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Antonio Palma
Antonio Palma I HAVE ALWAYS BELIEVED
of parliamentary/political immunity and of anyone requesting to be absolved of all responsibility.
It reminds me of when in October 2011, the lawyer Marco della Luna urged Italians to request verification - Audit from the European Central Bank and in November of the same year he asked to get out of the trap of the single European currency called €uro.
A little while ago I was chatting that a United Europe has never existed in history.
Even more, Kennedy's last speech comes to mind when he asked the American people for help shortly before being assassinated.
The only thing that comes to mind now would be to send Giusy's warning to all the mayors of Italy in the next three days.
Thank you.
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Antonio Palma
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The aforementioned article comes from Alba Mediterranea and I consider it possible given the recent attitudes of France and Germany