CFP:
Italy must return to the lira because joining the euro has been disastrous and sticking with it would be suicidal.
Italy joined the eurozone in 1999 under the leadership of Prime Minister Massimo d’Alema of the “Democratic Left” party. This fateful participation, which entailed the complete loss of independent monetary policy, is undoubtedly the main cause of the disappointing performance of the Italian economy.
Italy’s GDP currently stands at $1.94 trillion and its growth rate is extremely anemic. In January, the country’s central bank estimated that the economy would grow just 0.6% this year. Between 1969 and 1998, Italy’s real per capita GDP increased by 104%. During this time, Italy had domestic monetary policy autonomy thanks to the lira, which it devalued frequently.
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Since joining the euro, the devaluation option has been off the table. Italy’s monetary policy is set by the European Central Bank. During the period, 1999-2016 Italy’s real per capita GDP fell by 0.75%. During the same period, Germany’s real per capita GDP grew by 26.1%. While Italians have lost out, Germans have gained since the launch of the euro.
Leave the EU and put the migrants back out to see with directions to Germany and they might get their country back on track.
Has all this migration in Europe actually had a positive outcome anywhere?
(Other than for the migrants who are the obvious beneficiaries of it.)
The P.I.I.G.S. countries should’ve run for it when GB voted they were leaving.
California and its lunatic governor gavin newsome will pay for Italy’s illegal aliens’ healthcare. You’ll see.
So Germany couldn’t take over Europe by force.
Then the European countries kind of willingly handed Germany dominance.
There is already a stirring about the EU and its trampling on sovereign rights. This link is to a speech in the Italian parliament by a member of the coalition with Salvini and they are keeping pressure on him and the others in the legislature–I kinda wish we had a few like her in DC.
https://www.youtube.com/watch?v=WViLxbFY-3g
It’s worth the time to watch and the translation is very accurate.
@Mr. Anth Ropy June 10, 2019 at 6:34 pm
> So Germany couldn’t take over Europe by force.
> Then the European countries kind of willingly handed Germany dominance.
No. The foreign occupation forces ruling Europe agreed that they would “cooperate” to consolidate.