The 2018 Branching Point in History: Executive Intelligence Review; Volume 45, Issue 22

May 29-In an intervention which violated the most fundamental rules of democracy and international law, on May 27 the hierarchy of the European Union (EU) vetoed the "government of change" which was being formed in Italy, and which had just won a clear parliamentary majority from the voters. Instead, the EU has imposed yet another technocratic government, which had been ready for months, led by "Mr. Spending Review," Carlo Cottarelli, whose only plan is to cut the debt, and who has the support only of the Democratic Party, which lost the legislative elections of March 4. This is the most recent example of that "suspension of democracy," demanded years ago by the EU, when it introduced the balanced budget as the only aim of each and every European government, as in the "marketconformed democracy" of Germany's Angela Merkel. The most paradoxical aspects, which have no precedent in the history of the Italian Republic-a parliamentary Republic and not a Presidential one-are the reasons given by the President of the Republic, Sergio Mattarella, to explain why he vetoed Professor Paolo Savona, a renowned economist, former minister, and former head of the employers' federation, Confindustria, as Finance Minister of the new government. Mattarella said he did this in order not to upset "foreign investors" who fear that Italy might leave the Euro. This, despite the fact that in the government program agreed to between the two victorious parties, the Lega and the Five-Star Party, and also in the statement of Professor Savona of last Sunday, there was no mention of leaving the Euro. Rather, they demanded a change from the failed policy of austerity, which provoked "poverty, reduced incomes and inequality" in Italy, in Professor Savona's words. In the days before this unacceptable coup against a legitimate government, a government which had been awaited with great hope by the Italians, Mattarella was apparently often in touch with the head of the European Central Bank (ECB) Mario Draghi, that Mario Draghi who in 2011 had imposed on Italy the technocratic government of Mario Monti, not elected by any Italian, along with a letter which dictated the tasks of that government. French President Macron also interfered, by calling up the new Premier, Giuseppe Conte, before he was received at the Quirinale Presidential Palace with his list of ministers, to ask him to remove Paolo Savona from that list. The next day Macron supported Mattarella in rejecting Savona. The "fake news" press which speaks for the City of London and the financial lobbies, whose speculation was responsible for the 2008 crisis, permitted itself to insult not only the Lega and the Five Star Party, who had worked together to forge a government program aimed at promoting jobs and fighting poverty, but all Italians as a people, calling them "barbarians" (Financial Times) and "freeloaders" (Der Spiegel). "Europe" did not like the immediate reaction to these insults, of the Lega's Matteo Salvini ("Better barbarians than slaves!"), or the Five Star Party's Luigi Di Maio ("How dare they?").

Author: Lyndon H. Larouche Jr

Publisher: Createspace Independent Publishing Platform

Publication Date: Jun 01, 2018

Number of Pages: 66 pages

Binding: Paperback or Softback

ISBN-10: 1720759162

ISBN-13: 9781720759164