October 22, 2022 - 2:00pm
Rome
Giorgia Meloni has been sworn in as Italy’s first female prime minister. Anyone anxious about profound change will be reassured — just as anyone hoping for a bold and exciting new direction will be disappointed. Meloni understands that having the support of the European and American establishment is crucial if she wants to remain in power.
For a country that is highly indebted in what is effectively a foreign currency — the euro — the life of the future government hangs on the decisions of the central bank, the ECB. Meloni understands that very well. She has learnt the lesson of the 2018 Five Star-League, which was crushed by the EU in less than a year. She’s therefore gambling her political survival on being more royalist than the king — more pro-establishment, pro-European and pro-Nato than even your average centrist European government. If Meloni’s a populist, then this is a strange kind of populism.
Let’s take a look at the three key ministries: the Ministry of Economics, the Ministry of Foreign Affairs and the Ministry of Health.
The new economy minister — the most important government post of all, in charge of carrying out all the major economic negotiations with the EU through the ECOFIN (Economic and Financial Affairs Council) and the Eurogroup — is the 55-year-old Giancarlo Giorgetti, the de facto leader of the pro-establishment, pro-European wing of Salvini’s League. He’s a staunch supporter of EU fiscal rules and budgetary restraint, and indeed has been a key interlocutor of Brussels and Frankfurt for many years.
During Italy’s debt crisis in 2011, Mario Draghi, then head of the European Central Bank, enlisted Giorgetti’s help to ensure parliament approved the spending cuts required by the EU and added a balanced budget requirement to the constitution. The two have stayed close and Giorgetti — in the face of Salvini’s opposition — backed Draghi’s unsuccessful bid in January to become president.
With Giorgetti in the key role of economy minister, we can expect from the new government full compliance with the EU’s economic diktats — which is likely to mean more austerity.
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SubscribeIs there a single article you can’t shoehorn your nonsense into? It’s essentially spam
Especially funny as he repeatedly keeps informing us that ‘Hispanics’ are not from ‘the West’. Even in articles like this one, which are about southern Europe.
Then always deletes it once somebody points out that he/she is talking absolute tripe
Well how about the amazing re-naming of her Departments. Note she has them doing something for the nation.
”But some delegations and the names of some departments change: Economic Development becomes the Ministry of Enterprises and Made in Italy, that of the Ecological Transition will be called Environment and Energy Security, Agricultural Policies change to Agriculture and Food Sovereignty and to the Ministry of Education the wording “of merit” is added.”
Made in Italy, Energy Security, Food Sovereignty, and the best last: Merit. Can you imagine such a thing? Merit used in education? Not Equity and Diversity, inclusion and gender, but that ‘Merit’ will be part of the education system.
She showed her colours by this. Obviously she has to play the game, but we know what winning is about to her.
Utterly bizarre. This is the face of the far right boogeywoman? An establishment shill?
Look – The Deep State is a huge Aircraft Carrier, a true Leviathan, it has to begin turning way in advance, it responds as it will, millions of tons of incalculable Inertia.
She will have to win the game from inside, not by being an outsider.
So you hide your post when people criticise the rubbish you’ve written then repost it hoping nobody notices?
What exactly is it you’re trying to achieve?
Interesting analysis. Thanks.
Thomas Fazi wrote, “[Giorgia Meloni is] therefore gambling her political survival on being more royalist than the king — more pro-establishment, pro-European and pro-Nato than even your average centrist European government. … We can therefore also expect full compliance with the US-Nato strategy in Ukraine from the next government.”
If this assessment is correct, then Meloni is beginning her tenure as prime minister by betraying the populist voters who supported her, her party, and her allies in parliament.
This betrayal endangers the future of Italy because it would remain in the North Atlantic Treaty Organization (NATO), which (by 2040) will be lead by a non-Western country. That country is the United States.
By 2040, the United States will cease being a Western nation, due to open borders. By 2040, most Americans will reject Western culture, and Hispanic culture will dominate. In California, 40% of the residents are currently Hispanic. Most residents of the state already reject Western culture, and Hispanic culture dominates.
If Meloni loves Italy and its people, then she must distance Italy from the United States. That action can be facilitated by making the Italian economy as efficient as the German economy so that Rome can sever its economic dependence on the financial support of the European Union (EU). An economic superpower does not need to prostrate itself before the EU.
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