Euro Doesn’t Work and It’s a Fact – Italy’s Budget Committee Chief

• Euro Doesn’t Work and It’s a Fact – Italy’s Budget Committee Chief
  by https://sputniknews.com/, 15 Sep 2018
  The Italian government is expected to outline new public finance and economic growth targets by the end of the month and submit a draft budget to the European Commission by October 15. Meanwhile, Sputnik Italy has spoken with the president of the Budget Committee in the lower house of parliament, Claudio Borghi.
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  In an interview with Sputnik Italia, the president of the Italian Budget Committee in the parliament, Claudio Borghi, gave some insights into the future of the euro as a currency, the policy of the new leadership of the European Central Bank, ECB President Mario Draghi and the EU’s economy in general.
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  Most recently, Borghi, who is the author of the book “Basta Euro,” told the Italian outlet Il Foglio that he hoped the euro “falls apart” – something which sparked controversy in Italy. He, however, emphasized that everyone has long known his stance on the issue, detailed in his book, which “offers examples of all the myths that continue to be imposed on us in order to hide the perfect error.”
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  “However, I must explain the context of this quote. The euro doesn’t work and it’s a fact. Today, we have to pay unacceptable and unforgivable taxes on the (bond yield) spread, which we owe to people who bet on ‘disagreements’ between EU member-states. This is absurd. In this case, Europe cannot venture upon making the ECB the creditor of last resort, that is, to give it the opportunity to balance markets. Today, in the event of a crisis, the ECB can decide not to help one country, but help another instead. Does this seem normal to you? Of course not, and that’s why markets are unstable. You cannot disrupt the quantitative easing. In this case, the idea of a united Europe will die, the entire system will collapse, and the euro will fall apart,” he explained to Sputnik.
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