July 31, 2022 via Zara Ali By Martin Jay Source via thefreeonline
It’s Italy which will fire the starter’s gun on a turnaround on the EU’s policy on Russia and the Ukraine war.

It might well be Italy which marks the starting point of a demise of sorts of the EU, as the coalition government collapses. Mario Draghi, who might be remembering interest rate hikes like the ECB’s this week, which only happened previously when he was the boss overseeing the eurozone crisis, is out.

By resigning his post as PM, he must be that he sees the writing on the wall and that we are heading towards another eurozone crisis.
Right now, the euro has already slumped to parity with the dollar and Eurozone inflation averages about 8.6 per cent (although it’s now 10 per cent in Spain, 12 per cent in Greece and a thundering 20 per cent in Estonia). Have a heart for Croatia which is planning on joining the eurozone soon.
But it’s Italy which will fire the starter’s gun on a turnaround on the EU’s policy on Russia and the Ukraine war. In September a snap election is almost certain to put in power as a coalition two of Italy’s far-right groups, whose leaders both have an admiration for Putin.

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Once this happens, others in the EU will see how ludicrous it is to continue the so-called punishment of Putin, which in reality destroys economies and ruins lives across the EU 27-member bloc. Other EU countries will see that Italy’s desperate situation of having debt at 150 % of its GDP and double-digit inflation can only be rescued by a radical political change.

Elites in other EU countries will be scared that populist uprisings which throw out incumbent mainstream parties are heading their way once they see the Italian economy go from boiling to a gentle simmer. And once the Italian coalition is in place, dialogue — something which we haven’t seen yet from the EU — will begin with Putin.
Continue reading “Hold Your Breath. Europe Is at the Tipping Point – the Abyss is Closer Than We Think”


