"Heil Euro!" German stooge Sergio Mattarella |
When Italy voted in March to elect two Eurosceptic anti-establishment populist parties to power, it was a major challenge to the existing power structure in the European Union. Now it seems as if the establishment is fighting back after the Italian President Sergio Mattarella vetoed the new coalition's choice of Finance Minister.
Italy's President fills mainly a ceremonial role and merely rubber stamps decisions by Parliament and Prime Minister, so for an Italian President to act in this way is highly unusual and suspect.
Mattarella's excuse for acting this way was because he said the appointment by the coalition of the Eurosceptic academic Paolo Savona as Finance Minister would "scare" investors.
To justify this rejection of the voters' will, he said that "uncertainty about our position in the euro has alarmed Italian and foreign investors." He also claimed that Savona's stance clashed with the two parties' own position on Europe.
This crude and thinnly-disguised, anti-democratic move reveals the underlying power structure on which petty democratic party politics is allowed to take place in Europe.
What Mattarella really meant here is that the European Central Bank (ECB) in Frankfurt, which has protected previous Italian governments against capital flight by investors, is now pulling the strings and is threatening to collapse the Italian economy if the new government pursues Eurosceptic policies.
Without ECB support, the price of Italian government debt -- i.e. the return on Italian government bonds -- would soar to astronomical heights and shut down the Italian economy.
The ECB is of course German controlled and draws its power from the turbo-charged German economy that dominates the EU. Because of the ECB's role in stabilising the financially unstable economies of Southern Europe, the EU is effectively a de facto German Empire, a fact that is obscured by puppet show democratic politics.
Any political party elected anywhere in Europe that the German Empire does not approve of will be subjected to a rough economic ride until the voters of that country can be cajoled into voting the "right way." What we are seeing in Italy is now the start of this process.
Will the Five Star Movement and the Lega be able to fend of this attempt to return Italy to politics-as-usual, or will the two populist, anti-establishment, Euro-Sceptic parties be brought to heal?
It looks like Mattarella will now use the full extent of his normally dormant constitutional powers to appoint a stop-gap prime minster, with new elections looking increasingly likely. With enough ECB-dictated economic chaos and media gaslighting the Euro-elites are hoping for a different electoral result and a much more pliable Parliament.
So, what can the new coalition do? In short it must find a new guarantor for the Italian economy besides the ECB or else kowtow to German power. Only the China or America would be capable of intervening economically on this scale and both options seem unlikely.
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