Matteo Salvini promises Eurosceptic surge in 2019 EU elections – Picture:www.express.co.uk
There was never any doubt that the leaders of the Euroskeptic coalition now governing Italy planned to challence the EU’s ruling bureaucracy over Italy’s proposed budget. Both Deputy Prime Ministers, Luigi Di Maio of Five Star Movement and Matteo Salvini of The League, were adamant about locking horns with European Union leadership over all issues of sovereignty between now and May’s European Parliamentary elections. This battle, coming as it does as Angeal Merkel’s fraile coalition faces another major setback, indicates that Germany’s domination of the EU, if not at an end, is looking very vulnerable.
The Italian budget proposes both tax cuts and universal income and has kicked into touch the EU budget limit of 2.0% of GDP, coming in at 2.4%. It has put their Finance Minister, Giovanni Tria, in a difficult position because Tria doesn’t want to negotiate this budget with Brussels, preferring a less confrontational, read more pro-EU, approach.
Salvini and Di Maio, however, have other plans. And since we began covering this story before the Italian election back in March, the imperative that Salvini force the issue of the Troika’s demands – (the EU, European Central Bank and the International Monetary Fund) – back down their throats on debt restructuring/forgiveness.
Salvini’s emergence as the leader of this fight, was that Italy, because they are more than technically insolvent, have all the leverage in the negotiations. The size of their outstanding debt and the liabilities existent on the balance sheets of banks across Europe, most notably the nearly $1 trillion in TARGET 2 liabilities, are something Juncker, Draghi, Merkel and Christine LaGarde at the IMF simply cannot ignore. The reason Italy’s debt problem, and those of other EU members in southern Europe are so intractable is the single currency, which was created for political reasons without regard for the sheer economic stupidity of tying economies like those of Italy, Greece, Spain and Portugal to the German economic powerhouse. This cut off the debtor nations from their traditional escape route, devaluation.
To successfully challenge EU financial diktat, Salvini and Luigi Di Maio, leader of Five Star have to make a serious effort to negotiate a good deal for Italy with Brussels, Berlin and the IMF. This is why the budget squeaked past the 2.0% limit and then they walked it back to 2.0% but with provisions they knew would anger the EU finance ministers.
The point of this is to provoke Brussels into a punitive reaction and then paint them as the bad guys to shift public sentiment back towards an Italeave position. Italy’s problems are not solvable with Germany holding the purse strings for all the EU countries.
With a big swing towards Euroscepticism and nationalism under way in Germany it looks as though the days of the Federal Europe project are truly numbered. With voting due tomorrow in Bravaria’s regional election, the CSU, sister party of Merkel’s CDU and traditional ruling party in the Bravarian provincial government and their main rivals the Social Democrats see their respective votes collapsing. Alternate for Germany (AfD)is now pushing up towards 20% nationally and looks likely to have a significant presence in the Bravarian assembly after the votes are counted, while centre left voters are turning to The Greens. If AfD out polls the Greens and denies the CSU a path to a coalition government without them then that could have spillover effects for Angela Merkel.
The latest polls have AfD averaging around 11% versus a strong push up to 18% by the Greens. Given recent shock results we must doubt the accuracy of these polls, but given the recent history of anti – establishment parties it would not be a surprise to see AfD outperform their polling numbers on Sunday.
‘Islam Doesn’t Belong to Germany’ – New Interior Minister
While mainstream media was hailing the political mastery of Hausfrau – Volksfuhrer Merkel in negotiationg a new coalition deal to keep her in power for another four years, after Germany had been without a government for almost six months, The Daily Stirrer (and other alt_news sites to be fair) warned that the new government of Europe’s most powwerful economy was fragile and full of holes. Only days after Merkel was sworn in for a fourth term, the holes in her coalition started to appear … Continue Reading”>
German Election: Will Another Term For Merkel destroy German Economy
According to the latest round of opinion polling ahead of the German elections, Angela Merkel looks set to become the joint longest-serving modern German chancellor, that’s despite having been accused of “putting problems on the back burner, and staved off several attempts to indict her on treason charges for her role in the immigrant crisis. Business organisations have also raised doubts about the economic consequences of re-electing her, warning that her new term may bring “stagnation” for Germany.
Majority of Germans Favour Snap Election as Merkel Coalition Talks Stumble
There appears to be no end in sight to Germany’s crisis of democracy as the European Union’s most populous and economically powerful state continues to stumble along without an effective government. Coalition talks between Chancellor Merkel’s CDU/CSU and the left wing Greens and classical liberal Free Domocrats have stalled over irreconcilable policy demands.
Germany Sees Fourfold Rise in Terrorism-Related Cases
According to a report in the Welt am Sonntag, Germany has experienced a huge rise in the number of terror-related cases in just one year, with prosecutors having dealt with more than 900 cases so far in 2017, compared with 250 cases initiated throughout 2016. Around 700 Islamic extremists now living in Germany have been identified by the Federal Criminal Police Office (BKA) as posing a potential terror threat.
A Week Before Election 30% Of German Voters Still Undecided
Polling companies in Germany are indicating that support for Chancellor Angela Merkel’s conservative Christian Democratic Party is still slipping with the election only one week away. More disturbingly perhaps for Hausfrau – Volkfuhere Merkel is the news that over a third of Germans are still unsure how they will vote. An opinion poll published today (15 September) on Friday showing the number of undecideds was not coming down fueled uncertainty about the kind of coalition that will emerge from an election on September 24.
Merkel Faces Crisis As German Ruling Coalition Collapses
German Chancellor Angela Merkel faces a crisis in her ruling coalition after Bavarian Premier Horst Seehofer demanded she take steps to halt the tide of illegal immigrants entering the country. To have any chance of surviving, the government must present new initiatives for controlling illegal immigration, deal with the critical situation on the Austrian border …
New German Coalition in Peril as Potential Partners Clash over 200,000 Annual Migrant Limit
Reports that German Chancellor Angela Merkel has agreed a proposal from coalition partner and leader of the Christian Social Union (CSU) Horst Seehofer to limit the number of asylum seekers in Germany to 200,000 per year to secure a ruling coalition may be somewhat premature. Other coalition partners are not as positive on the policy.
Merkel Calls for Beginning of Coalition Talks With Greens, Free Democratic Party
German Chancellor Angela Merkel officially announced on Saturday for the first time that her conservative bloc of the Christian Democratic Union (CDU) and its Bavarian sister party Christian Social Union (CSU) will seek to form a coalition government with the centre right Free Democratic Party (FDP) and left wing loony Greens.
German Elections: Anti – EU party AfD 3rd In Polls
Elections take place in Germany this Sunday, September 24, for the federal assembly (Bundestag) and the presidency (Chancellor). While Angela Merkel looks set to win a fourth term as Chancellor and the most likely outcome of the election is another “Grand Coalition” between Christian Democrats and Social Democrats that coalition will be a much-weakened if late polls are to be believed.
More news from September 2017
The EU can go and F*** itself!’ Italian Politician’s Outburst Rallies Support In Italy
The leader of the Lega party, formerly known as Lega Nord, Matteo Salvini claimed the European Union should stop interfering with Italian politics as the measures taken by the bloc have crippled the Italian economy for the past 15 years. Mr Salvini is the frontrunner in the upcoming Italian general election as Italy’s next Prime …
European sovereign debt crisis could cause Eurozone implosion – ex-BoE chief
Are government economists and mainstream media finally catching up with what The Daily Stirrer and Boggart Blog’s finance expert Phil T Looker has said since we started publishing? Former Bank of England chief Mervyn King has written an article warning that Eurozone deabt problems pose a bigger threat to the EU than a British OUT vote in the referendum
Cameron’s EU Package: Not A Deal But A Few Turns In The Spin Machine
As we and almost everybody else predicted, David Cameron’s deal to improve Britain’s relationship with the EU is worthless. It changes nmothing, and can be vetoed once we have voted to stay in.
Cameron’s Hopes For EU Membership Reforms For UK Torpedoed By Tusk
David Cameron’s hopes of winning serious concessions on sovereignty, border controls, contributions, trade agreements, human rights and labour laws so he could claim to have won a better deal for Britain by the time the in / out referendum starts next year European Union suffered an early blow when European Council President Donald Tusk warned that reaching a deal would be “very tough” …
Italian Town ‘Taken Over’ By Nigerian Migrant Gangs
The former seaside resort town of Castel Volturno, to the north of Naples, has reportedly been taken over by Nigerian gangs who run drug and prostitution rings. The town has a total population of around 30,000 people, of which an estimated 20,000 are migrants, many of them in Italy illegallly, French news magazine L’Obs reports.