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Title: The ECB just told Italy to shut up about the Euro Post by: PSOL on October 14, 2018, 09:49:02 AM https://www.reuters.com/article/ecb-policy-draghi/rpt-update-2-italy-must-calm-down-and-stop-questioning-the-euro-draghi-idUSL8N1WT0OD?il=0
Quote Italian officials must stop questioning the euro and need to “calm down” in their budget debate as they have already caused damage to firms and households, European Central Bank President Mario Draghi said on Saturday. A senior member of Italy’s ruling coalition shot back that it was Draghi who should calm down, rather than draw attention to occasional comments on the euro which were personal opinions and had no implications for government policy. Italy’s government is in a war of words with European officials over its plans to triple the deficit next year, backtracking on a previous pledge to narrow the budget gap in one of the bloc’s most indebted countries. “A budgetary expansion in a high debt country becomes much more complicated ... if people start to put in question the euro,” Draghi told a news conference at the International Monetary Fund’s annual meeting in Indonesia. Title: Re: The ECB just told Italy to shut up about the Euro Post by: Former President tack50 on October 15, 2018, 06:03:19 PM Increasing expenses and lowering taxes in a highly indebted country. What could possibly go wrong?
Title: Re: The ECB just told Italy to shut up about the Euro Post by: DavidB. on October 15, 2018, 07:00:34 PM On the one hand, it is insane that Italians wouldn't get what they voted for. On the other hand, they're part of a system that essentially forces others (like me) to pay for their demands. This is of course not a bug but a feature of the European monetary system, with more European integration and more technocracy being sold as the only feasible solution. However, the only real solution would be to end this nightmare while we still can and to gradually decrease the monetary integration of the eurozone.
Title: Re: The ECB just told Italy to shut up about the Euro Post by: Lord Halifax on October 15, 2018, 07:02:32 PM On the one hand, it is insane that Italians wouldn't get what they voted for. On the other hand, they're part of a system that essentially forces others (like me) to pay for their demands. This is of course not a bug but a feature of the European monetary system, with more European integration and more technocracy being sold as the only feasible solution. However, the only real solution would be to end this nightmare while we still can and to gradually decrease the monetary integration of the eurozone. The voice of reason. Title: Re: The ECB just told Italy to shut up about the Euro Post by: 🦀🎂🦀🎂 on October 16, 2018, 05:10:02 AM It feels like ten million years ago that Euroscepticism was mainly focused on the Euro.
Needless to say, this is one thing the Eurosceptics are right (although they probably have the wrong solution for me). Title: Re: The ECB just told Italy to shut up about the Euro Post by: DavidB. on October 16, 2018, 05:34:28 AM It feels like ten million years ago that Euroscepticism was mainly focused on the Euro. |