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Beppe Grillo: "Northern Europe waiting to drop Italy like a hot potato"


Dublin 4

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Telling the German business paper Handelsblatt that his Five Star Movement was “the French revolution – without the guillotine”, he added: “The northern European countries are only holding onto us until their banks have recouped their investments in Italian sovereign bonds. Then they’ll drop us like a hot potato.”


Beppe Grillo: Northern Europe waiting to drop Italy like a hot potato - New Articles - The Independent

Peter Matthews' view that Irish Banks need another €60 Billion was augmented somewhat yesterday with the Govt's rehashed position on the Mortgage Timebomb but Ireland had a good day at the Bond Markets & the state of our Banks slipped unnoticed.

Also going unreported in the Media is the worsening Spanish & Greek Economic maelstrom.

Italy however could eventually prove too big to ignore with the rise of Beppe G & that Berlo Comback making waves.

What is the Eurosceptic gameplan in Italy?

What will be the real consequences of the rise of Euroscepticism in Italy- if any?

Is it remotely possible that the Treaty of Rome could eventually be torn up in Rome? :shock2:

or as Beppo states could Italy get the boot?

 


Clanrickard

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Beppe Grillo: Northern Europe waiting to drop Italy like a hot potato - New Articles - The Independent

Peter Matthews' view that Irish Banks need another €60 Billion was augmented somewhat yesterday with the Govt's rehashed position on the Mortgage Timebomb but Ireland had a good day at the Bond Markets & the state of our Banks slipped unnoticed.

Also going unreported in the Media is the worsening Spanish & Greek Economic maelstrom.

Italy however could eventually prove too big to ignore with the rise of Beppe G & that Berlo Comback making waves.

What is the Eurosceptic gameplan in Italy?

What will be the real consequences of the rise of Euroscepticism in Italy- if any?

Is it remotely possible that the Treaty of Rome could eventually be torn up in Rome? :shock2:

or as Beppo states could Italy get the boot?

In short. No.
 

Rocky

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The collapse of Italy would be a nightmare for Northern Europe, so of course they're not.

They're looking for Italy to get it's act together and to stop dragging them down, which I think is fair enough.
 

Crazy horse 6

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Good to see the Italians are'nt taking this beating from the germans without a fight. Oh if only we had someone to step forward in the mould of Grillo here :cry:
 

Honecker

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The whole Maastricht Treaty and everything that followed it needs to be ripped up. It's the only way to keep the EU intact and avoid massive social unrest.
 

ManUnited

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Good to see the Italians are'nt taking this beating from the germans without a fight. Oh if only we had someone to step forward in the mould of Grillo here :cry:
Why don't you start a party? You have all the one line answers, so should be easy.
 

Clanrickard

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Good to see the Italians are'nt taking this beating from the germans without a fight. Oh if only we had someone to step forward in the mould of Grillo here :cry:
Yep all the Germans fault. Nothing to do with Italians constantly electing shysters, their corrupt political system and their inability to accept that cuts and changes are necessary.
 

Honecker

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Yep all the Germans fault. Nothing to do with Italians constantly electing shysters, their corrupt political system and their inability to accept that cuts and changes are necessary.
The Italians need to be able to devalue their currency to make their exports competitive. No one is going to buy a Fiat over a Volkswagon if they are the same price.
 

Spanner Island

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The Italians need to be able to devalue their currency to make their exports competitive. No one is going to buy a Fiat over a Volkswagon if they are the same price.
Or they could simply improve their competitiveness by slashing wages and salaries and streamlining their notorious bureaucracy and start coming down hard on the Mafia etc...

Basically, they could do what they can do without their own currency...
 

dunno

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Italy has a huge economy, sound banks, a small deficit although excessive debt. The vast youth unemployment and the poor record of ensuring employment for the rest of the workforce, is something an energetic politician could resolve. The austerity nonsense has to be dropped - it just means a spiral of cutting and economic stagnation. Spending a little more in hard times brings the recovery and healthy tax revenues later. The Euro too should be dropped, but that's not happening. Signor Grillo is doing good in that he is shaking up an overpaid and smug political class, but I think he is being paranoid here. He does have reasons to be paranoid, as the political class (many factions but one purpose of looking out for themselves) wants to slowly smother his movement and detach his followers through patronage and flattery.
 

Honecker

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Or they could simply improve their competitiveness by slashing wages and salaries and streamlining their notorious bureaucracy and start coming down hard on the Mafia etc...

Basically, they could do what they can do without their own currency...
That's what Ireland, Greece, Italy, Spain and Portugal have been doing for years and it's made things worse.
 

Grumpy Jack

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The Italians need to be able to devalue their currency to make their exports competitive. No one is going to buy a Fiat over a Volkswagon if they are the same price.
Why in the name of Jaysus would anyone buy a Fiat over a VW at any price?
 

Crazy horse 6

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Or they could simply improve their competitiveness by slashing wages and salaries and streamlining their notorious bureaucracy and start coming down hard on the Mafia etc...

Basically, they could do what they can do without their own currency...
The electorate here came down hard on our own mafia (FF) and also have slashed wages and competitiveness (peoples working conditions). Guess what things are worse than ever. You can't cut your way out of a depression simple as that.
 

Mad as Fish

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Yep all the Germans fault. Nothing to do with Italians constantly electing shysters, their corrupt political system and their inability to accept that cuts and changes are necessary.
Politicians are natural, and always have been, shysters and the Italian 'system' is hardly a state secret so perhaps these things should have been considered before the Euro was rushed into place.
 

Lempo

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Italy has a huge economy, sound banks, a small deficit although excessive debt. The vast youth unemployment and the poor record of ensuring employment for the rest of the workforce, is something an energetic politician could resolve. The austerity nonsense has to be dropped - it just means a spiral of cutting and economic stagnation. Spending a little more in hard times brings the recovery and healthy tax revenues later. The Euro too should be dropped, but that's not happening. Signor Grillo is doing good in that he is shaking up an overpaid and smug political class, but I think he is being paranoid here. He does have reasons to be paranoid, as the political class (many factions but one purpose of looking out for themselves) wants to slowly smother his movement and detach his followers through patronage and flattery.
It's just that whose's monet should they be spending?
 

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