Regular readers will know that for some time I have predicted that Italy will be the the first to ditch the euro and thus begin the painful revolution in European affairs which is long overdue. For a brief moment I thought perhaps the French might lead the way and that perhaps under 'Comrade' Hollande they might break free from the S&M bonds and manacles that tie to them to 'Frau Whiplash' in Berlin but, alas, not according to A E-P in The Telegraph. According to him, Hollande's disasterous Left turn has blown away what political capial ever had and now he trots along, French poodle-like, behind 'Frau Whiplash' obeying every tug on his lead. The hoped for revolt of the Meds against the Nords has vanished but with one possible exception - Italy.
Snr. Renzi, the Italian premier, is very much the 'new kid on the block'. As A E-P reminds us, he was only 17 years old when the Maastricht Treaty was signed so he has, so to speak, 'no shit on his shoes'! He has none of the fervent, romantic haze that blinds the eyes of the true Euro-fanatics. His nation is fast approaching a financial and economic cliff - read A E-P for the details. The mad men of Brussels, to say nothing of 'Frau Whiplah' in Berlin, simply repeat the mantra of more and yet more austerity. The only chance for Italy is to break away and return to the lira. That would allow their northern industries, which always used to compete vigorously with Germany, to resume their profitable activities. Renzi, a man not blighted by previous European dreams and visions, could take the decision, he only requires one thing - courage!
Viva l'Italia!
