Italian anti-euro party looking strong as coalition talks gain momentum
The party of Matteo Salvini is in pre-election talks with Silvio Berlusconi about forming a coalition, in what may become a nightmare for the European Union leadership.
Published: January 6, 2018, 9:20 am
Polls show that such a coalition would garner 40 percent of the vote, enough to secure a win in the coming March elections.
Salvini from the Lega Nord, or Lega, has held a series of talks with the country’s four-time prime minister in a bid to cement their centre-right partnership. They have discussed key policies according to Italian media reports, which include reducing taxes, creating jobs and fighting illegal immigration.
Salvini has said the bloc needed to change or it would “cease to exist”, adding that Brussels should stop meddling in member state’s affairs.
Lega Nord has questioned the use of the euro, with Salvini claiming the currency is a failed experiment that is heading towards “catastrophe”. His rising popularity has caused panic in Brussels.
Last year already Salvini warned: “I believe that one single currency for 18 economies, each different in its own way, that just won’t work in the long term. But statistics here is more important than anything else.
“Look, since the introduction of the common currency Italy’s debt has risen by €900billion.”
The Greek economy, which has the same problems, is not large enough to be a major annoyance to the other European economies. But with Italy’s debt, Europe would not be able to cope with a similar scenario.
Salvini said economic experts agreed with his statements. “Six Nobel Prize winners are unanimous in saying that this experiment has failed and we should not go any further down this road.
“Yes, we understand that there is no way to hold a referendum on the euro. But we are determined to become part of the government and that is why we invited economists to figure out what we should do when the euro collapses, since we should not rule out this possibility, what to do to prevent a catastrophe.”
Both Italy and Greece are held back by the fiscal constraints that the euro’s rules impose. Neither have generated sufficient growth, and the only alternatives looming are a restructuring of debt or an exit from the common currency.
The Italian economy is simply too large compared to the eurozone one for a rescue of the Greek type to be possible. According to Forbes magazine, analysis points out that with the various cross guarantees of debts within the eurozone, an Italian default would make French finances extremely shaky, that in turn could even spread to German banks.
Lega Nord has vowed to honour last October’s referendum to grant greater autonomy for the wealthy Lombardy and Veneto regions, which is yet another source of potential conflict with the EU.
Both regions, which include Venice and Milan, overwhelmingly backed more independence from Rome. It is expected that Berlusconi and Salvini will hold another meeting in the coming days in a bid to make further progress on these issues too.
“There are still no appointments set with the allies, today I will call Silvio Berlusconi and then we will see in the coming days,” Salvini told the media.
Officials in Lazio and Lombardy have agreed to hold their regional elections on the same day as the March 4 general elections, sources said Friday.
Governors Nicola Zingaretti and Roberto Maroni have asked the interior ministry to manage the respective regional elections, the sources said.
Earlier The prefect of Milan, Luciana Lamorgese, was said to be ready to sign a measure calling regional elections in Lombardy for March 4, the same date as the general election, thus creating what Italians call an ‘Election Day’.
The general election will take place on a single day, Sunday March 4, from 07:00 to 23:00. The polls will not stay open as they have in the past on Monday morning, Italian news agency ANSA reported.
All rights reserved. You have permission to quote freely from the articles provided that the source (www.freewestmedia.com) is given. Photos may not be used without our consent.
Keep your language polite. Readers from many different countries visit and contribute to Free West Media and we must therefore obey the rules in, for example, Germany. Illegal content will be deleted.
If you have been approved to post comments without preview from FWM, you are responsible for violations of any law. This means that FWM may be forced to cooperate with authorities in a possible crime investigation.
If your comments are subject to preview by FWM, please be patient. We continually review comments but depending on the time of day it can take up to several hours before your comment is reviewed.
We reserve the right to delete comments that are offensive, contain slander or foul language, or are irrelevant to the discussion.
Elections took place in war-ravaged Donetsk and Lugansk Republics which showed that despite all hardships the flame on independence still burns high.
OsloReturning from the NATO Trident Juncture strategic exercise, a Norwegian frigate collided with a tanker. Many are speculating that gender politics sunk the vessel.
Jürg Lauber, the representative of Switzerland at the UN, was instrumental in writing The Global Compact for Safe, Orderly and Regular Migration, together with the representative from Mexico.
HelsinkiEurope would lose its spiritual and cultural identity without its nations, Hungarian Prime Minister Viktor Orban told his audience at a European People’s Party (EPP) congress in Helsinki on Thursday.
RomeThe European Central Bank chief Mario Draghi said at Monday's Eurogroup meeting with Economy Minister Giovanni Tria, that Italy needs to cut its high debt, EU sources said on Wednesday. The country's Interior Minister already has a plan.
AntwerpThe Dutch chapter of aid an organisation dealing with underage prostitution is working together with the Flemish municipality of Antwerp to tackle the increase in human trafficking and grooming gangs.
ParisSovereignist parties secured a combined 30 percent of support in the latest poll with Marine Le Pen’s National Rally ahead of French President Emmanuel Macron’s party for the European Parliament elections.
The HagueThe pro-war British research collective Bellingcat is planning to expand into the Netherlands and to open a permanent office in The Hague, DutchNews.nl reported on Friday.
BrusselsNicolas Bay, member of the European parliament and co-president of the group “Europe of Nations and Freedom” gave an exclusive comment to FreeWestMedia on the “Global Compact for Migration”.
ParisOne of France’s leading conservative news magazines has highlighted the "denial, abandonment and powerlessness" of the French state faced with hordes of foreigners who do not fit in and do not want to become French.