Do you recall the removal of Silvio Berlusconi, the Italian prime minister, by the banks and the insertion of one of their own Technocrats as his replacement?
All done without an election by the People…
The banker technocrats now have control and the banks will solve the financial problems because only the bankers comprehend the complex financial issues, right?
Who, now, believes this deception? ~Ron
[Italy’s] levels of sovereign debt, the number of bankruptcies and the rate of unemployment are perpetually setting new records.
Bungle Bungle: Italy’s Failed Economic Turnaround
Ever since Matteo Renzi became Italy’s new prime minister, officials in Berlin and Brussels have had newfound belief that Italy’s deep-seated economic problems are being tackled. But that won’t happen until the country stops deceiving itself.
[…] Stores are closing, tradespeople are being let go and manufacturing is collapsing all over Italy, especially in the south. Many young academics are leaving the country. While productivity elsewhere has climbed over the past two decades, it has stagnated in the Italian manufacturing industry. There has been hardly any growth for at least as long. The crisis has struck an economy that was already ailing: Since the summer of 2007, Italy’s overall level of industrial production has declined by a quarter.
Read More: http://www.spiegel.de/international/europe/matteo-renzi-struggling-to-solve-italian-economic-crisis-a-995558.html#ref=rss