Article Image
News Link • Italy

Looks Like Italian Default Is Back On The Menu

• https://www.zerohedge.com, by Tyler Durden

It's a perfect moment to shake people out of their complacency as to the real costs of giving up one's financial sovereignty to someone else, in this case the Troika - European Commission, ECB and IMF.

Italy is slowly strangling to death thanks to the euro.  There is no other way to describe what is happening.  It's populist coalition government understands the fundamental problems but, politically, is hamstrung to address them head on.

The political will simply isn't there to make the break needed to put Italy truly back on the right path, i.e. leave the euro.  But, as the government is set to clash with Brussels over their proposed budget the issues with the euro may come into sharper focus.

Looking at the budget it is two or three steps in the right direction — lower, flat income tax rate, not raising the VAT — but also a step or two in the wrong direction — universal income.

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


Attorney For Freedom