Finally someone is telling the truth about the EU’s economic governance and its destructive policies
It is not true that no one understands anything about the consequences of the revision of European budget rules and European industrial policies. In reality, there is someone who has understood its contents and consequences very well and who, in front of parliamentary commissions, specifically the Senate, has no problem stating the disastrous consequences for Italy.
Luciano Barra Caracciolo, section president of the Council of State, has "done his homework", as they would say in Brussels, and has clearly stated the consequences of the Commission's proposed new rules which should constitute the economic/financial guidance for the budgets of individual countries starting from 2024, when, in theory, the budget rules suspended due to Covid should become active again.
In reality, the Commission's proposals, which envisage a debt reduction path defined state by state, also on the basis of the implementation of devastating environmental policies, are no improvement compared to the previous situation, which saw twenty years of economic decline of Italy, indeed they are pejorative and linked to subjective elements of evaluation by the Commission itself which, practically, disempower democratically elected states and parliaments.
We just wrote that 63% of Italian families don't make it to the end of the month. The application of European rules would worsen this percentage, as poverty would increase, with the collateral consequence of completely emptying the financial power of parliament and with it democracy.
Spend 20 minutes and listen to the speech. It's not easy, but make the effort. You won't be able to say that no one told you
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The article Finally someone tells the truth about the EU's economic governance and its destructive policies comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/finalmente-qualcuno-dice-la-verita-sul-governo-economico-della-ue-e-sulle-sue-politiche-distruttive/ on Sun, 22 Oct 2023 14:30:37 +0000.