By Going Nuclear the EU Has Already Lost Its Battle with Italy
“Here’s where we hold ’em by the nose, and kick ’em in the ass”
— Patton
If you ever want to know who’s losing an argument simply look at who’s doing the most threatening.
Not who’s shouting the loudest or who’s the angriest, but who is threatening.
Those who threaten are doing so because they feel their power is, itself, under attack.
It doesn’t matter if it is an argument with your kids or a big, geopolitical disagreement, as I always say, he who goes nuclear is losing.
Now, you might think I’m talking about the U.S. and President Trump’s incessant financial bullying of allies and enemies alike. I am somewhat, but not primarily.
Because as important as Trump’s mad flailing to try and remake the U.S.’s trade position around the world is, it pales in comparison to the acute crisis brewing in Europe.
Yes, Europe is more important. Why?
Because the EU just went nuclear on Italy.
Former Dutch Minister of Finance and former President of the Eurogroup, Jeroen Dijsselbloem, went on CNBC on Friday to declare all-out financial war on Italy.
That’s the way Zerohedge put it.
As a ‘former’ big wig it was his job to go out and state the position of those currently in power who can safely hide behind his words.
And if you watch the clip from CNBC in the linked article you’ll note that CNBC excised the most important quotes, where Dijsselbloem threatened the Italians that no exit from the euro is on the table.
But, why would he say this when Italy hasn’t brought it up at all?
In fact, Italy’s leadership has been nothing but supportive of the European Project while standing firm on it adopting fairer rules for member countries.
…click on the above link to read the rest of the article…
