Italy Declares War on Merkel and the EU

 

If there were ever any doubts that the leaders of the Euroskeptic coalition that now runs Italy has a plan to defy the European Union its proposed budget should quell them. 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.

Their budget proposal which included both tax cuts and universal income blew past 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.

FINANCIAL WARNING: Italy will CRASH the eurozone if nation can’t take on more debt

It’s a backwards world when you have to have more of what caused the crisis in the first place to ‘fix’ the problem.

 

ITALY’s financial crisis could bring down the entire eurozone unless the nation’s crumbling economy is allowed to rack up more debt.

Near the small central Italian holiday island Ventotene, the French, Italian and German leaders this week discussing pressing issues on a boat.

But each nation is worried they could soon be forced out of power, amid growing pressure on the European Union which major concerns over migration and the economy.