MARCO POLO IS BACK AS ROME RIDES CHINA'S NEW SILK ROAD | WHAT REALLY HAPPENED


MARCO POLO IS BACK AS ROME RIDES CHINA'S NEW SILK ROAD

SOURCE: PEPE ESCOBAR, ASIA TIMES
All roads seem to lead to Rome as Italy expresses its love for China’s Belt and Road Initiative...

President Xi Jinping is due to arrive in Italy for an official visit on March 22. The top theme of discussion will be the New Silk Road, or the Belt and Road Initiative (BRI).

A day earlier, in Brussels, the EU is to debate a common strategy related to Chinese investments in Europe.

A substantial part of the EU is already linked de facto with BRI. That includes Greece, Portugal, 11 EU nations belonging to the 16+1 group of China plus Central and Eastern Europe and, for all practical purposes, Italy.

And yet it takes an undersecretary in the Italian economic development ministry, Michele Geraci, to tell the Financial Times that a memorandum of understanding supporting BRI will be signed during Xi’s visit, for all (White House) hell to break loose.

The FT is not shy of editorializing, calling BRI a “contentious infrastructure program.” BRI is a vast, far-reaching, long-term Eurasia integration project, and the only quasi-global development program in the market, any market. It’s especially “contentious” to Washington – because the US government, as I detailed elsewhere, decided to antagonize it instead of profiting from it.

Webmaster's Commentary: 

What does President Trump intend to do about this?!?

More economic Sanctions?!?

More bombings?!?

At the moment, if the meeting does go through on the 22nd, President Trump has very little ammo against either China, or Italy here, and is in no position to bargain.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA