Euro Will Collapse: ‘Germany Will be FORCED to Pay!’ Italy FIGHT BACK in Bitter Budget Row with EU
- ‘Germany Will be FORCED to Pay!’ Italy FIGHT BACK in Bitter Budget Row with EU
by ALESSANDRA SCOTTO DI SANTOLO, https://www.express.co.uk/
THE ITALIAN government must plan for a “controlled” exit from the eurozone because the common monetary system will soon collapse forcing all member states to crash, an expert has claimed.
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Francesco Donato, the Director of Eurexit, a non-profit organization campaigning for Italy to abandon the European common monetary system, claimed the eurozone is on the verge of collapse. Ms Donato urged Italy and other member states to get out before it is too late, arguing the collapse of the EU institution will eventually force all member states into a recession.
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The former Italian politician told Express.co.uk member states central to the European Union project will be the first to crash in the event of a sudden collapse of the euro.
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Asked if she believed Italy should leave the common project, she said: “I remain of the same idea because looking at how things are going the probability that sooner or later there will be an uncontrolled collapse of the eurozone is higher and higher.
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“It would be logical if Italy and other member states would plan an organised and controlled exit. “If we don’t do that we will get to a point where we will have to leave without notice because we are forced by the European Union itself and by the European Central Bank and this will be traumatic not so much for us but for the European Union.
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“This is a suicidal attitude of the European Union. At the end of the day who will pay the higher price, it will not be Italy but the member states central to the Union like Germany.” Rome and Brussels have been in a stand-off since the European Commission rejected the eurosceptic Government’s 2019 budget proposal. Brussels demanded that Rome come up with a revised version within three weeks worthy could face fines up to £3billion (€3.4bn). Italy has insisted it needs to increase its deficit to 2.4 percent, which breaks EU fiscal rules that are designed to protect the Eurozone.
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