Italy Leaving the European Union

This evening’s edition at The Party is taking a look at Italy’s future in regards to membership of the European Union.

Shutting Down the Economy

When the Covid-19 pandemic struck Europe, significant parts of the economy went into lockdown. Owing to the social distancing decrees, people were ordered to avoid congregating in large numbers so as to limit contagion and in so doing keep the virus at bay and ease pressure on the hospitals. As a result, the virus was slower in spreading and the lockdown dragged on over a prolonged period starting from around March 2020 well on into the summer of 2021. Large sectors of the economy in many European countries lost their income, whether related to tourism with bars and restaurants, airports, airlines and hotels, or to barbers, hairdressers and gymnasiums, as well as many others. Within this context, Italy too as a member state of the European Union was very hard hit.

Fake Money Creation Called Quantitative Easing

Prior to the outbreak of Covid, the European Central Bank (ECB) of the EU was already purchasing by way of quantitative easing every month about 20 billion euro of bonds of various sorts from member states, including government and regional bonds (which in the USA equate to treasury and municipal bonds), corporate bonds and several other types of paper values.

In March 2020, with the full-scale outbreak of the pandemic, the ECB launched a 750 billion euro quantitative easing programme to purchase even more of the same kind of bonds plus commercial paper, which consists of private, non-government bonds that mature in less than a year.

Pandemic Recovery Fund

Somewhere within this context and some added text, the EU intends to issue around 1.8 trillion euro over a seven year period between grants and loans, to be paid proportionately to the 27 member states once approval has been given by the EU Commissariat for each state. Italy has been promised 200 billion euro and has already received the first instalment of that money, whereas Hungary and Poland have both been denied their share owing to disputes relating to the justice system and LGBTQ issues!

Pre-Pandemic Situation

When Covid hit, Italy already had a public debt of well over 2 trillion euro, high unemployment and a decreasing indigenous population owing to the drastic fall in the birth rate due to lack of financial prosperity. Italy’s banks were in a precarious state with some going bankrupt and others having to drop their toxic debt (money owed back to them) by selling bad loans for only 20% of their value to financial corporations. These aim to get this money back from the debtors through the courts, which means home evictions and liabilities for all the legal costs - plus the interest - being handed out to the unfortunate Italians concerned who were unable to repay their loans to the banks. In fact, when carpetbaggers take over unpaid loans, they never do so out of charity.

Italy’s Parties in Parliament

As it stands now, two Italian parties, the Brothers of Italy and the Lega, have around 41% support in the opinion polls and are expected to form a government in an alliance following the next general election, which in theory could happen at any time. Both these parties have in common shared values concerning the traditional family, which aligns them with Hungary and Poland, and they are unlikely to drop these values in favour of LGBTQ agendas. This means, a future Italian government may become the new scourge of the EU and its own agenda, which is not predicated upon traditional customs around the family. We may therefore take for granted that Italy will opt to quit the European Union once the next instalment of QE fake-money has arrived from the European Central Bank in Frankfurt – or perhaps even sooner.

The balancing act lies in the fact that, the more the EU demands Italy go full-scale LGBTQ in order to receive the next pandemic recovery fund instalment, the more Italians are likely to vote for the Brothers of Italy or the Lega, and Italy and the EU will become like two opposite magnetic forces, similar as Hungary and Poland are in relation to the European Union.

Enter Mädel

Being a Party member and the expert in economics, Mädel also speaks fluent Italian and believes the Italians will one day contact the English Chancellery to stipulate a work contract with her. She believes in traditional family values and in the Holy Mother and Child of a nation.

Mädel does not deal with Communism and that includes the EU Commissariat, and in order for her to set up the Administration, Italy would be required by default to quit attending the EU meetings and to leave that institution for good. That would leave the EU with 26 member states and an even more delirious and demented commissariat raving and ranting at its unfortunate subjects as they stand there cap in hand each waiting to receive their share of the pandemic recovery fund while submitting to ‘EU values’.

Our next publication is: Italy Leaving Babylon-the-EU.

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