EUROPE | WHAT REALLY HAPPENED


EUROPE

Jun 03 09:14

NATO ‘security guarantees’ do not apply to partner Israel – Stoltenberg

NATO is not obliged to come to the rescue should a hypothetical war break out between Iran and Israel, Jens Stoltenberg has told Germany’s Der Spiegel, amid increased tensions between the bitter Middle East rivals.

“Israel is our partner, but not a member of NATO. The security guarantee of Article 5 does not apply to Israel,” Secretary General of North Atlantic Treaty Organization (NATO) Jens Stoltenberg told the magazine. Article 5 of NATO’s treaty stipulates that an attack against one ally is considered as an attack against all allies, but it does not apply to those designated only as “partners” of the alliance.

Webmaster's Commentary: 

Sounds good, but once the US steps in, then NATO is obligated to enter the war.

Jun 03 08:11

Massive Visa Crash Across Europe

War on Cash Suffers Setback.

For over 12 hours on Friday, shopping centers in the UK and other parts of Europe were plunged into chaos as millions of consumers were unable to use their Visa debit or credit cards at points of sale. The credit card company, which was finally able to restore normal service early Saturday morning, said it had no reason to believe the hardware failure was due to “any unauthorized access or malicious event”.

Jun 03 06:35

Could Italy Be Next To Leave The EU?

With Europe having a near heart attack last week, as Italian bond yields exploded amid deja vu fears that the new populist government would press the "Quitaly" button and threaten the EU with exiting the Eurozone in order to get budget spending concessions from Brussels, the discussion about Europe's record Target2 imbalances quietly resurfaced after years of dormancy.

Jun 02 09:53

George Soros view on existential EU crisis is 'RIDICULOUS', blasts Morgan Stanley CEO

INVESTMENT chief James Gorman trashed George Soros' belief that a new eurozone crisis is on the horizon as "ridiculous" despite deep political turmoils pushing for a new eurosceptic government in Italy.

Jun 02 09:47

OUTRAGE! Britons Expose Soros Pushing For Brexit Do-Over

British euroskeptics, which according to the referendum are a clear majority of the English, have expressed outrage over the revelation that Soros is openly funding a push for a ‘do-over’ vote on Brexit. The US and Hungarian Jewish billionaire, George Soros, faces new charges of interfering in British politics, after announcing he supports an attempt to pressure the government for a second referendum on Brexit within a year.

Speaking at a summit hosted by the European Council on Foreign Relations, the billionaire “philanthropist” said that the European Union (EU) is facing an “existential crisis,” but that Britons should have the chance to vote again on any definitive Brexit agreement to stay in the EU.

Soros has been heavily criticized for his donations of more than £800,000 for pro-EU campaigns.

Jun 02 09:42

Time to end ‘Russia-bashing’ – EU Commission chief Juncker

European Commission head Jean-Claude Juncker has said it’s time for the EU to reconnect with Russia and stop “bashing” it, in surprising contrast to those in the West who have been piling blame and sanctions on Moscow.

Juncker spoke to an audience at a Brussels think tank event on EU reform. Though his statement had a few catches, the overall message was conciliatory.

Jun 02 09:32

Putin: ‘Europe depends on US for defense. Don’t worry about it – we will help’

Jun 01 08:10

US Air Force Begins Operating Reaper Drones in Poland

The US Air Force’s MQ-9 Reaper drones were recently stationed at a Polish air base and have now initiated operations, the second deployment of the drones in Europe since March.

Just over two months ago, the service placed unarmed Reaper assets at Greece's Larisa Air Force Base to surveil threats "emanating from the south" and conduct reconnaissance operations, a Pentagon spokesman said March 25.

"US Air Forces in Europe, the air component of US European Command, is operating MQ-9 Reaper remotely piloted aircraft at Miroslawiec Air Base as a visible expression of US efforts to enhance regional stability," a short May 21 release from the US Air Force announced.

Jun 01 08:08

'Mr Handsome' seizes power in Spain: Socialist ally of Jeremy Corbyn takes over as Prime Minister after Mariano Rajoy is ousted in corruption scandal

Spanish Prime Minister Mariano Rajoy was kicked out of office today in a no-confidence vote, paving the way for Socialist leader Pedro Sanchez to take power.

Photogenic Sanchez, 46, is known as 'Mr Handsome' in Spain and is a close ally of British Labour leader Jeremy Corbyn.

The vote was called after a corruption scandal rocked Spain when Rajoy's centre-right party was exposed for taking bribes in exchange for lucrative public contracts.

Twenty-nine officials have already been jailed for taking bribes from businessman Francisco Correa - with one of the party's former treasurers jailed for 33 years over the affair, known as the Gurtel case.

Jun 01 07:50

Professor Sees 'General Level of Revolt' Against Establishment in Europe and US

Having vetoed the Five Star Movement and Lega’s choice of finance minister, Italian President Sergio Matterella has been locked in talks this week, desperately hoping to avoid snap elections. Sputnik spoke with Professor of Politics at the University of Salford Martin J. Bull on the issue.

Jun 01 07:32

EU Courts Worry That Polish-Hungarian Judicial Reform "Disease" Could Spread

Amid growing tensions between the EU and several member states in central Europe over their course of reforms, the new head of the European Network of Councils for the Judiciary (ENCJ)has sent a warning message to Poland, Hungry and other states, who want to follow their example and deviate from Brussels’ stance.

The ENCJ, which represents the EU members’ law courts, has slammed Poland and Hungary for altering its judicial system, which the EU criticized as harmful for democracy. The new ENCJ head, Kees Sterk from the Netherlands, has claimed that events in Poland and Hungary have reached a systematic level. The official has expressed alarm that other bloc members could follow their example.

“The disease of Poland and Hungary could spread. It could spread to the neighboring countries. Who says that it won’t spread to other parts of Europe?” the official stated.

Jun 01 07:32

Trump Aims to Close Market for German Luxury Cars as Trade War Looms - Reports

The White House has opted to introduce high metal import tariffs for the EU, triggering threats from the bloc that it will impose counter-measures. While the trade war is looming, the US administration is looking into another measure which could cause multi-billion losses to the European economy: evaluating a 25% import tax on cars.

Donald Trump has allegedly shared with French President Emmanuel Macron his wish to force German luxury car makers out of the US market. The German magazine WirtschaftsWoche, citing several diplomatic sources from both the US and Europe, stated that Trump would maintain his trade policy until no Mercedes models rolled on Fifth Avenue in New York.

Last week Trump ordered his administration to look into whether car imports endangered US security, which was one of his chief arguments for imposing higher steel and metal import tariffs. Following this path, Trump is threatening to levy a 25% tariff on imported European cars.

Jun 01 07:24

‘Save the Internet’ – EU Moves to Monitor Uploads, ‘Censor’ Memes, ‘Tax’ Website Links

The European Union (EU) is less than a month away from voting to introduce aggressive new online copyright laws and “widespread censorship” measures, which critics say could strangle new media websites and stifle satire and online meme culture.

Unelected European Commission bureaucrats have drafted legislation which detractors say could force online platforms to monitor and control all uploads to some platforms with “content recognition technologies”. They are also said to have proposed what has been termed a ‘link tax’, which could compel blogs and other websites to pay just to reference content.

The full effects of the legislation are still unclear, but critics allege that memes, remixes, and other types of user-generated content could be put at risk, as these could technically be seen as breaches of copyright — and so could sharing content on popular websites like Reddit, Tumblr, and Gab.

Jun 01 07:18

US Commander in Europe: We Need More Troops to Fight The Russians

US Commander of the Europe Command, Gen. Curtis M. Scaparrotti, has called for thousands more US troops to “deter Russian aggression” in Europe. He has even suggested that the US troops should be pulled off of counter-terrorism duty and sent to Europe. Meanwhile, the Pentagon announced a massive shipment of military equipment to Europe, including tanks and other tracked vehicles. Do US military officials really believe that Russia is about to invade western Europe? Are we back in the 1940s? Or is Washington’s military-industrial complex looking for new ways to justify an ever-expanding military budget?

Jun 01 07:15

US Plans To Destabilize Europe Through Soros

The European Union will face a major financial crisis, believes billionaire George Soros, according to recent statements he gave to Bloomberg. In the opinion of the financier, the crisis may be triggered by the rise of the dollar exchange rate and the outflow of capital from emerging markets.

Among the potential causes of such disruptions, the businessman also listed the breakdown of the Iranian agreement and the destruction of the transatlantic alliance between the EU and the US. This development of a growing rift between the US and EU has been noted by FRN editors through any number of public statements to Iranian and Russian media made since 2014.

Jun 01 07:14

TRADE WAR DEEPENS: EU launches WTO case against Trump in furious reaction to steel tariffs

THE EU has vowed to react furiously after the US slapped it with massive tariffs on steel and aluminium in a move that cost could firms in the bloc billions of pounds.

US President Donald Trump promised to impose tariffs, claiming trade across the Atlantic was a one-way street.

The EU had demanded a permanent exemption from the tariffs following a temporary one being granted in April, but the plea has been rejected by US Commerce Secretary Wilbur Ross.

French Finance Minister Bruno Le Maire had earlier met with Mr Ross in a last ditch attempt to prevent the tariffs being imposed, but they failed to come to an agreement.

Jun 01 06:36

George Soros ‘wants to get rid of nation-states’, Hungary’s FM tells RT

Hungary is a sovereign nation and will not allow the EU or George Soros to dictate who is allowed to come to the country, Foreign Minister Peter Szijjarto told RT’s Sophie Shevardnadze.

Speaking on RT’s SophieCo program, Szijjarto said that billionaire philanthropist George Soros “and his network” are “totally against” the idea that “it is only us Hungarians who can make a decision whom we allow to come to Hungary.” The Hungarian foreign minister said that Soros “wants to get rid of the phenomenon of nation-states.”

May 31 18:07

Italy’s Euroskeptic coalition forms new cabinet after president’s ‘undemocratic’ veto

Giuseppe Conte will head a new Lega-Five Star Movement government after all, as the two parties proposed a new finance minister instead of EU critic Paolo Savona, whose candidacy was rejected by the president.

“All the conditions have been fulfilled for a political Five Star and Lega government,” said a joint statement from the two anti-establishment parties, which gathered more than half of the votes in the March election but had been unable to form a government for nearly three months.

With Conte to be sworn in on Friday, the new finance minister will be Giovanni Tria, a politically unaffiliated 69-year-old academic, who is regarded as anti-EU, but more flexible than Savona. The latter, who has called Italy’s entry into the euro zone a “historic mistake,” will become the European Affairs minister, with a remit to negotiate on Rome’s behalf in Brussels.

May 31 13:09

New internet privacy laws in the EU. Websites now need "cookie consent" from the user.

Here are the boxes you need to uncheck if you don't want Tumblr selling your private data to a third party.

May 31 11:15

Hungary's 'Stop Soros' bill proposes jail time for people trying to help illegal migrants stay in the country

Hungary has put forward controversial proposals to hand out jail sentences to citizens caught assisting illegal migrants.

The new legislation has been called the 'Stop Soros' bill by Hungarian Prime Minister Viktor Orban - a name derived from George Soros, an Hungarian-American philanthropist who pledges thousands each year to help migrants.

The bill suggests that individuals or organizations that help migrants submit requests for asylum when they are not entitled to protection be punished with up to a year in prison.

May 31 11:03

'The Troika would have to march into Rome': German MEP says Brussels could take control of Italy's finance ministry if populist parties form a Eurosceptic government

Markus Ferber said the EU Commission, European Central Bank and International Monetary Fund may have to 'march into Rome' if the 5-Star Movement and League parties push ahead with their proposed programme of tax cuts and spending rises.

The two parties, which are the largest in Italy, have been trying to form a populist government but have so far been blocked by President Sergio Mattarella over their choice of a deeply Eurosceptic finance minister.

The parties campaigned on policies of a universal income for Italy's poorest and a flat tax rate of 15 per cent, which would cost the government an estimated total of £85billion per year.

If the moves go ahead they raise Italy's debt level way above limits the country agreed to as part of its Eurozone membership.

May 31 09:40

'Make them regret it!' Remainers SHOCK meeting with Verhofstadt to THWART Brexit revealed

AN ARCH-REMAINER met Guy Verhofstadt and the Lib Dem MEP Catherine Bearder to discuss a co-ordinated approach to Brexit negotiations that intended to be so tough that UK voters would regret leaving and come "knocking on the door".

May 31 09:23

BREXIT FURY: Remainer-in-chief faces backlash after likening EU exit to appeasing HITLER

Lord Malloch-Brown, head of the pro-Brussels pressure group Best for Britain, claimed that leaving the bloc was an attempt to "pull away from Europe's problems" that could backfire on the UK.

The peer, who was a Foreign Office minister in Gordon Brown's Labour government, raised the failed effort by Neville Chamberlain’s government to reach a compromise with Adolf Hitler's regime in the 1930s as a historical example of what could happen if Britain ignored events on the continent.

In an interview on BBC Radio, he said: "Britain's history as an island nation adjacent to mainland Europe is when we try to, sort of, pull away from Europe's problems and close ourselves off to them they have a horrible habit of infecting us anyway.

"Appeasement in the 1930s, you name it - for centuries Britain has ignored events on continental Europe at its peril."

May 31 08:54

EU falls short of its OWN data laws after accidentally publishing 700 records that include the names, addresses and mobile numbers of conference attendees

An 'embarrassing' leak shows the European Union has fallen short of its own data protection laws.

The European Commission's website has published 700 records, including the names, addresses and mobile numbers of conference attendees, according to a report.

Officials in Brussels admitted the authority that designed the rules is not itself compliant with the General Data Protection Regulation (GDPR).

The Commission has previously warned that those who breach these rules, which came into force last week, could face millions in fines.

May 30 21:13

Will Putin’s Policy of Concession Succeed?

Paul Craig Roberts

Russian president Vladimir Putin’s speech at the St. Petersburg International Economic Conference last weekend shows the Russian government’s ensnarement by neoliberal economic policy. Putin defended globalism and free trade, and he warned that crisis will result from the breakup of the global system.

In fact, crisis is the result of globalism and neoliberal economics. For Russia neoliberal economics means both economic and political crisis. https://www.paulcraigroberts.org/2018/05/25/americas-fifth-column-will...

May 30 10:18

Browder Released in Spain, Vows to Continue 'Magnitsky Sanctions Advocacy'

UK businessman William Browder, arrested and then released in Spain earlier in the day, expressed readiness "for more Magnitsky sanctions advocacy".

There is not and there has never been an arrest warrant issued by Interpol for UK-based businessman William Browder, the organization said Wednesday, after he was detained in Spain and suggested that the warrant was valid.

The Spanish police services reported that UK businessman William Browder, arrested earlier in the day, was released from Spanish police station as Russian arrest warrant had expired.

"Good news. Spanish National Police just released me after Interpol General Secretary in Lyon advised them not to honor the new Russian Interpol Red Notice. This is the 6th time that Russia has abused Interpol in my case," Browder said in a tweet.

May 30 10:18

Merkel ally & EU bigwig says Hungary’s Orban isn’t a ‘bad European,’ fights ‘illegal’ immigration

The leader of the largest political group in the EU Parliament and Angela Merkel ally, Manfred Weber, has defended Viktor Orban against critics who accuse Hungary’s Eurosceptic, anti-immigrant PM of being a “bad European.”

Weber, a member of German Chancellor Angela Merkel’s conservative bloc and the leader of the European People’s Party, said it’s wrong to “point fingers” at Orban and say “he’s not a good European.”

“If you look at the migration debate, from where I come from often we’re talking about refugees. But if you look at Prague, Bratislava, or Budapest, often the debate is more focused elsewhere. They’re talking about illegal migration instead. It’s for that reason that I think what’s most important is for us to talk to one another and deal with one another,” Weber said during a press conference at the European Parliament.

May 30 10:16

Eurosceptics' Pressure May Erode Brussels' Subservience to US – Analyst

Washington is ready to solve its economic dilemmas at the expense of others, even if they are longstanding US loyal allies, Eric Kraus, an independent political risk analyst told Sputnik. According to the analyst, it would require enormous political courage for Europe to stand up to the US and defend its interests.

"The EU has not had anything resembling an independent foreign policy for decades," Eric Kraus, an independent political risk analyst and asset manager told Sputnik, suggesting that the pressure from the bloc's Eurosceptic parties may gradually bring an end to Brussels' subordination to Washington.

Meanwhile, the Trump administration has dealt a series of blows to its European allies.

May 30 09:35

Trump BACKS the Euro? US officials tell Italy it's 'BETTER' to stay with EU currency bloc

DONALD Trump’s administration has given their support to Italy staying in the euro and the EU, after commenting the eurozone bloc should “work things out” with Rome.

May 30 09:31

Interfering in Italy's Democracy... and It's Not Russia

Italy's political turmoil tends to prove the wry old saying that "if voting changed anything, they'd make it illegal".

The country is facing a mounting constitutional crisis amid calls for the president to be impeached after he blocked the formation of a new government.

The crisis seems to be mainly about a clash over financial policy and a populist challenge to European Union economic austerity, according to to the Financial Times.

But lurking too is a concern among the EU establishment in Brussels that a new populist Italian government is proposing to radically restore friendly relations with Russia. That concern is no doubt shared by Washington and NATO.

May 30 09:29

Abandon ship – Theresa May heads for Davy Jones’ Locker

One thing is a given, Theresa May will not be in Downing Street this time next year and will be gone long before that if Brexit is derailed in forthcoming crunch parliamentary votes.

Almost imperceptibly, the British prime minister has gone from “strong and stable” headmistress to hapless supply teacher who doesn’t know where the chalk and duster are kept, and in whose temporary care the pupils have risen up and are trashing the classroom.

As bookmakers open the betting, and rivals procure campaign HQs and pick their running mates, power is visibly ebbing away from the PM.

Of course when the history is written her disastrous decision to call an unnecessary general election last year, only to lose her existing majority, will be identified as the beginning of her end. But in truth she could have survived even this with a modicum of adroitness, a scintilla of empathy, and an ounce of leadership quality. Her cupboard was empty of them all.

May 30 09:28

‘Allah hu Akbar’ Gunman Kills Two Female Police Officers, one Bystander, in Belgium in Suspected Terror Attack

The Police chief of Liège, Belgium, has said that the deceased gunman, who fatally shot two female officers and a bystander outside a cafe and took one woman hostage at a local school, deliberately targetted police.

Shots were heard in the centre of the eastern Belgian city of Liège at around 10.30 am local time when an armed man opened fire outside the Cafe des Augustins on the Rue des Augustins, killing two police officers.

Belgian prosecutors’ office spokesman Philippe Dulieu confirmed the attacker in Liege was carrying a knife and approached two police officers, stabbed them several times, disarming them, and then used their weapons in a shooting rampage.

Dulieu said that the attacker “then took their weapons. He used the weapons on the officers, who died.”

May 30 06:55

Italy's 'populist' parties get MORE popular: Anti-EU League and Five Star coalition 'would win outright' in increasingly likely rerun election that is causing new crisis in Eurozone

Support for the right-wing League party was up eight per cent in one poll, and ten per cent in another, from its 17.5 per cent result at the March 4 elections.

Polls said support for the 5-Star Movement remain close enough to its election result of around 33 per cent that the two parties would win outright if they joined forces.

Investors fear that an outright majority coalition government of 5-Star and the League - both eurosceptic parties - would be prepared to break from the Eurozone.

May 29 15:24

‘Sanction Israel!’: 4,500 pairs of shoes symbolizing dead Palestinians placed at EU Council (VIDEO)

Campaigners lined up 4,500 pairs of shoes symbolizing the number of Palestinians killed by Israelis in the past decade outside the EU Council building in Brussels, to put pressure on European foreign ministers meeting inside.

“We have a message to leaders of the European Union that says: 'Palestinian lives matter',” Fadi Quran, senior campaigner for Avaaz, the NGO that organized the display, told Ruptly. “We believe that the only way to move towards peace is to sanction Israel, that's the only resort we have and that's our goal."

May 29 14:46

EU budget chief APOLOGISES after 'DISRESPECTFUL' Italy remarks spark FURY across Europe

EUROPEAN Budget Commissioner Gunther Oettinger has apologised for his “disrespectful” remarks earlier today after his suggestion that financial markets would show Italians how to vote was met with a furious response, including calls to resign.

Mr Oettinger’s remarks were labeled as “disgusting bullying” by Nigel Farage, while even fellow EU bureaucrats Donald Tusk and Jean-Claude Juncker distanced themselves from Oettinger's comments.

Mr Tusk, the European Council President, took to Twitter to urge “all EU institutions” to “please respect the voters”.

May 29 14:06

West’s failure to act will be cause of the next Gaza massacre

Jonathan Cook says the West’s failure to punish Israel for its massacre in Gaza – “in fact, the reverse: visible rewards with a relocated US embassy and the chance to host the Eurovision Song Contest” – will lead to future massacres. >>

May 29 11:53

Poland offers $2bn for permanent US base, Moscow warns of ‘dangerous’ consequences

Poland is reportedly willing to pay $2bn for permanent presence of US troops in the country. Moscow called the initiative “dangerous”, saying it won’t benefit European security.
The document dubbed ‘Proposal for a US Permanent Presence in Poland’ by the country’s Defense Ministry was leaked online by local media and Politico Europe group at the weekend.

The 39-page document discusses how “extraordinarily strong” Poland-US relations throughout history have been: how Polish people were “remarkably pro-Western” during the Cold war, how they fought against communism and disliked the Soviet Union.

To prove the point, the ministry draws examples of Donald Trumps’ statements, in particular his “landmark” Warsaw address, calling to confront “dire threats to our security.” “A permanent presence of a US armored division in Poland – on dedicated US military installations – will help achieve that goal [set by Trump],” the document read.

Webmaster's Commentary: 

Why Poland, that is ridiculous; I mean, to imagine that the US could actually build a military base in Poland for only a measly two billion dollars, that is!!

Yes, Poland threw off its Communist yolk years ago; but Russia today is not the old Soviet Union; it has reinvented itself in a modern, progressive way, and there is no threat that Putin would even begin to, or want to, annex Poland.

I think this knee-jerk gesture, on the part of the Polish government, is not seeing Russia for what it has become, but seeing it through the lens of its past activities, and its Soviet history, in the 20th century.

May 29 11:42

ITALY - THE BEGINNING OF THE END OF THE EUROPEAN UNION - BY DEBS IS DEAD

The news out of Italy over the last two days has the potential to completely change the game as it could end in the destruction of the EU.

The original Euro Community was an admirable ideal as it emphasised the rights of all citizens of member states, guaranteeing them a range of protections from unjust and stupid demagogues. Unfortunately the neolib corporatist globalists took over the machinery and turned it over to a gang of cold-hearted technocrats who used the once estimable governance structure to enforce a draconian monetarist policy. - see Greece.

Webmaster's Commentary: 

Given its recent history, it was only a matter of when, and not of if, the EU would fail, spectacularly, which it appears to be about to do.

May 29 10:20

Billionaire financier George Soros says campaign for a second EU referendum will begin in the 'next few days' despite admitting the Brussels project is in 'existential crisis'

Billionaire anti Brexit campaigner George Soros today admitted the EU is in 'existential crisis' as he stepped up his efforts to stop Britain's departure.

The financier said that 'everything that could go wrong has gone wrong' with the Brussels project over the past decade.

He said the 2008 financial crash and the failure to tackle the 2015 migration crisis have fuelled a growing disaffection with the EU project.

But he insisted quitting the bloc will be 'damaging' for the UK and said the anti-Brexit group Best for Britain which he helps fund will unveil a manifesto calling for a second vote on the final deal 'in the coming days'.

May 29 10:11

Italians Furious After EU's Oettinger Says "Markets Will Teach Them" Not To Vote For Populists

"His words are of an unprecedented gravity and are proof of the clear manipulations that Italian democracy has suffered in the last few days".

May 29 09:55

BELGIUM SAYS DEADLY ATTACK IN LIEGE WAS TERRORIST ATTACK

A stabbing and shooting attack in the eastern Belgian city of Liege has left two police officers and a passer-by dead. Authorities have launched a terror investigation. Belgium remains on edge following several years of extremist Islamist activity.

A gunman stabbed and shot dead two police officers before killing a bystander in the eastern city of Liege on Tuesday, Belgian authorities said. Belgium has been on alert since suicide bombers killed thirty-two people at Brussels airport and in the subway system in 2016.

The media in Belgium reports the following:

The attack happened at around 10.30 a.m. local time (08.30UTC) near a cafe in the Boulevard d’Avroy, located in the administrative district of the city.
The attacker, who was armed with a knife, approached the two female officers from behind and stabbed them several times, before seizing one of their weapons and shooting them dead, prosecutors said.
He then shot dead a 22-year-old man in a vehicle parked nearby.

Webmaster's Commentary: 

Hey, Belgium; how's that unrestricted, unvetted immigration system, chock full of rage-enabled Muslims with a strong desire to murder, for utterly no logical reason, working out for you?!?

May 28 14:54

Ex-IMF head made Italy's interim PM amid rage over ‘unconstitutional’ blocking of Euroskeptic govt

Ex-IMF director Carlo Cottarelli’s appointment as Italy’s interim prime minister was spurred by President Mattarella’s “obligation” to safeguard the euro and block the new Euroskeptic coalition from taking power, analysts told RT.
Italian President Sergio Mattarella announced the appointment on Monday, following his controversial decision to withdraw his support for the new government. Mattarella had objected to the Euroskeptic coalition’s choice for economy minister, Paolo Savona, insisting that the post must be reserved for someone who would not risk Italy’s exit from the euro. Savona, a respected economist, professor and former government minister, has been a vocal critic of the euro and advocated preparing “Plan B” for Italy on quitting the Eurozone.

In remarks given shortly after, Cottarelli vowed to establish a new government “very quickly” and tackle pressing issues ahead of fresh elections to be held in the fall or early next year.

May 28 14:54

'We are with people, not bankers’: Italian Euroskeptic coalition lashes out at pro-EU interim PM

The appointment of a former IMF director as interim PM shows that Italy’s president is "with the bankers," not the people, the head of Euroskeptic Lega Nord has said, exemplifying the widespread anger over the unprecedented move.

“They are with the bankers and the powerful ones. We are with the Italian people," Matteo Salvini, the leader of Lega Nord, wrote on Twitter shortly after President Sergio Mattarella announced his decision to make ex-IMF director Carlo Cottarelli interim prime minister on Monday. The defiant message was accompanied by a photograph showing Mattarella, Cottarelli, former prime minister Matteo Renzi, and German Chancellor Angela Merkel and President Mattarella. Salvini is pictured below, rallying a crowd.

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