This page has been archived and commenting is disabled.
Beppe Grillo: "Italy Is Already De Facto Out Of The Euro"
In a preview of an interview he will conduct today with German's Handelsblatt, the surprise winner of last month's Italian elections Beppe Grillo said that Italy is “already de facto” outside the euro and runs the risk of being “dropped” by the region’s wealthiest members as soon as their banks recoup what they invested in the nation’s bonds. His suggestion - the same that got Greece's G-Pap promptle sacked in late 2011 - a popular referendum to decide if Italy should remain in the Eurozone. Grillo's best line, however, was saved for Mario Monti: "he is a bankruptcy trustee on behalf of the banks" which is perhaps the most astute description we have read of the former Goldman operative ever. Still think Grillo is just a simple-minded comic with a penchant for anarchy?
From Handelsblatt:
The Italian politician and surprise winner of the last general election, Beppe Grillo, does not believe the fate of Italy is to remain in the Euro-zone. "In fact, Italy's already out of the euro," said the leader of the party "five stars" in an interview with the Handelsblatt. He believes that the Nordic countries would keep Italy only so long, "until they have taken the pure investment banks in their Italian bonds again. Then they will drop us like a hot potato."
Grillo sketched a popular decision on the euro. It has to pass an exit from the euro but "not alone" but would "make an online referendum on the euro." Just as on the Lisbon Treaty. These are "all issues on which our Constitution was ignored".
Interview Grillo expected sharply with the current Italian Prime Minister Mario Monti. This was "a bankruptcy trustee on behalf of the banks. Held up at the top earners and cut the state system, he has the people below paying higher taxes. "
Grillo sees itself not as anti-European. "Europe must not be afraid," he told Reuters in an interview. He asked, however, a strong reversal and "more democracy." For his party, he takes to claim. "We are the French Revolution - without guillotine" Europe needs a "Plan B," says the Italian politicians.
"We must still ask: What happened to Europe? Why do we have no common information policy, no joint tax policy, no common policy of immigration? Why has only Germany been enriched?"
All very good questions which Italy's population will be increasingly seeking to get answers for.
»
- 28657 reads
- Printer-friendly version
- Send to friend
- advertisements -
Did you talk to Nixon about this ? Clearly not. He explained that Brezhnev wanted to put Soviet troops into Egypt and Sinai and have the US put their troops in Israel to enforce a cease-fire. The Soviet Union had 40,000 troops ready and 7 airborne divisions with 7 ships at sea ready to sink US carriers and it was only when Nixon called a full NATO War DEFCO 3 alert that Brezhnev relented. You might also recall if old enough that the US Med Fleet had its oil supplies cut off and BP made arrangements to find oil for the US fleet when Exxon refused because Saudi Arabia told it to.
http://www.globalpost.com/dispatches/globalpost-blogs/commentary/the-lit...
Grillo is 64 years old and a qualified Accountant
+1 "Without any doubt: what is going to happen in the future ... there will be less."
WAY LESS.....
before italy get out of euro zone, please make sure to get back the italian gold stored in london and nyc!
eh..oh
Better than the low grade narcoleptics with a penchant for buggery, that are running the rest of the western world.
Italy and others cannot survive with the same currency as Germany. Grillo is the only politician saying what most people in Italy already know to be true.
It seems that Italy exports have been surging in the past 2-3 years against almost any other industrial partner.
Some people explain this with the lowering of imports due to the crisis, and with the increased pressure on Italian firms to find customers abroad. In any case, this is the graph (courtesy of rischiocalcolato.it). The title says: Italian year balance of payments, year to year for past 12 months. Figures are in million Euros: Italian balance of payments toward its main partner countries
Parity with Germany is approaching, and also the negative balance with China is lowering. If this trend is confirmed, exiting from Euro might not be such a good idea!
I thought the Chinese were wiping out the Italian shoe sector, the Turks hammering White Goods and FIAT dying from competition in the small car sector, now you see Italy is beating them all
Well, I don't know what this exactly means, but these are data.
I agree that average Italians are getting poorer and poorer, but these data are a hint that Italy is not on the verge of collapse.
Would that be government provided data you are referencing? Very confident it is not just the US government that lies.
Except people want an answer to the question: who benefits from this ?
Why would italian people (or french, or other) care that their country is richer (in what sense, btw ? GDP figure ?) if that makes most of them poorer ? This is exactly the question the bail-out guys all over the world don't want to answer, and the reason why they are ousted (but in the USA, beats me why...) one after the other
Also, if only Germany has been enriched, why don't most Germans feel enriched by the situation either?
Because only the Top 1% in Germany has experienced real income growth since 2000 and the usual benefits of a strong D-Mark such as lower cost imported food from Italy or Greece or Spain or France is negated by the Euro. So German workers basically subsidise other EU States and enrich their Capitalists owning export businesses whilst German domestic demand is flatlined and non-exporters gop to the wall as the German State sucks up ever more money and wastes it on grand projects. The Euro has allowed German voters to be taken hiostage by German Elites just as in the 19th Century when the SPD was formed to look after worker interests...now it is integral to the Euro Project
Compared to this guy, that B-movie actor Ronald Reagan was a clueless Puppet, a useful fool of the real powers that be.
The Plan-B is already at work. Waht we need is a Plan-C
GO_FOR_IT_GRILLO
Throw that hail-mary while it could still possibly work.......
He is right about a lot of things but "Why has only Germany been enriched?". Why? Because they kept their wages low, are industrially superior, have a strong work ethos and loaned money to PIGS which then came back to fill their coffers. Germany played it smart, went from being the sick man in Europe to being the strong man. The PIGS wanted and got "money for nothing" and borrowed themselves into oblivion. Don't blame ze Germans for your own problems. That is so pre-WWII.
lol, I like... because they work 11 months out of the year vs the usual 6-7, and produce stuff people want. what is the last itilian or greek product you have bought?