Skip to comments.Berlusconi: euro is a 'swindle' and Germany wants 'hegemony'
Posted on 09/29/2012 3:20:21 PM PDT by Olog-hai
Italy's derided and populist ex-PM Silvio Berlusconi is trying to make a comeback ahead of general elections due in spring 2013.
Speaking at a book presentation event in Rome on Thursday (27 September), he called the euro a "big swindle" and said that it would be no "tragedy" if Germanywhich has displayed "hegemony, not solidarity" in the crisisleft the common currency.
He also criticized the eurozone bailout fund, the ESM, which was ratified by Berlin the same day.
Berlusconi said that it only contributes to the vicious circle of recession and debt: "To receive aid you have to sign a memorandum with austerity measures, which bring the economy to collapse and into a recessionary spiral."
(Excerpt) Read more at euobserver.com ...
Apparently the Euro was supposed to allow member states to run up deficits and hope the newer members would pay for it.
Of course they want ‘hegemony’, they’re propping up your government.
And you know what that’s called..
hegemony? but since the money comes from thin air its more like generational theft?
all the EU members wanted to run up debt for others to share
Europeans protest budget cuts: demand skittle-pooping unicorns
berlusconi’s political career has been one of most often acting in a way that makes him his own worst enemy
nothing new now
Well, well, well. The slutty Italian Stallion has decided he wants out of the Eurofascist agenda. Listen, Silvio. Germany doesn’t want hegemony. The unseen bureaucrats in Brussels are the ones looking for hegemony. Germany is just an effective vassal because it has all the cash.
If you knew that this was all an elaborate plot to destroy Italy as an independent country, you should have pulled out of it when you were in charge!.. but, then I guess it was okay because they were lining your pockets with Dutch, German and Finnish tax money.
You’re no use now, and your people thank you for nothing.
Going on the euro as a monetary standard also included a certain degree of fiscal restraint and acceptance of common-sense banking rules that had been established back in the time of the Medici, and perhaps even longer ago than that.
Namely, don’t spend more money than you can replenish on an annual basis, and don’t make promises that you shall not be able to keep. Actuaries have been working out the details for CENTURIES, and ecomonics, dismal science that it is, is basically application of rigorous controls on spending, and prudent stewardship of the means available.
Italy: exporter of more propaganda than anything else.
UK: also whining for more handouts to southern Europe and still trying to be part of the Roman Empire.
It’s getting to a point where the northern EU countries are getting sick and tired in bailing out the southern EU countries.
To quote one German I met at a University event.....”What do they think we are? One big ATM??? Just dump the EU!!!”
and every country (province?) assumed every other country would be responsible and cover it
If joining the Euro required fiscal restraint, it would have had three members. This was planned from the start.
Have you not heard them talking about consolidating more than economic power? Now they want a consolidation of political power as well. Look at how they put a puppet in control of Greece. These people are totalitarians of the most vile variety. Their goal from the very start was to abolish the nation states and instead turn Europe itself into a ‘state’, a banana republic with so-called “elections” that in reality had no impact.
I believe someone accurately described the EU as “a slow-motion coup détat: the most spectacular coup détat in history,
That about sums up how far gone the average European voter is. It's not much of a leap.. and easy to see how they invented Fascism.. or the French revolution. They took all the worst aspects of the Enlightenment.
Obama wants to be the next running the next Reign of Terror?
Does he forget how it ended?
100 percent right.
Yes, but Germany isn't innocent in all of this either. The Euro was, IMHO, a bad idea for almost everyone involved. It increased the prices of domestic goods almost overnight in several countries, which favored imports and led to job loss and eventually a decrease in domestic production. At the same time, the Euro coalition allowed several countries to ignore their internal problems until they became huge. Germany benefitted at first, because the increase in domestic prices in several European countries opened their markets to German imports. Now, Germany is paying the price, so in general I don't see how it was ultimately good for anyone.
Overall, the problem is socialism. Failing again, as always.