I love the double standart. Let's remember the last time France run a deficit (which was not that long ago) Junker said, that nobody will open an investigation. When questioned about it, he said: "Well, because it's France". So how can these rules be just when their enforcement depends on the size of thecountry and the goverment in question? Hypocrisy at it's finest.
@ lucius1976: Perfectly right, in addition, France discussed the budget with the other partners of the EU before announcing it, Italy discussed one budget and announced something entirely different.
@Duff Clem Indeed Italy is going backwards, and has done ever since the start of the Euro. Italian labour cost +51% Germany +26%, France ?%. When Italy used the lira changes in the currency exchange rate would have levelled the field. France is slipping against the Germans - just give it time as the French over the same time have moved into deficit. P.S. Since the Euro French and German GDP is up a marvellous 32%, while the poor old UK is labouring along on 42%. Until the EU acknowledges that the Euro is creating more problems than it solves the long term future is uncertain at best.
@@lucius1976 It's actually 97% France and 131% Italy and that's just public debt, which alone tells nothing about a country. Japan has 253% public debt and it's world's 4th most powerful economy, almost 3x more than France. France has a much bigger private debt (201%) than italy (113%), making it's overall debts bigger than italy's. Spot the difference?
Listen to them. It just beggars belief....Italy didn't like what the previous government was doing so they used democracy to kick them out, and now the EU is saying it doesn't care what the people want, they have to stick with something they voted out. Remove the EU administration and start again. Keep politics out of it and concentrate on trade. End compulsory free movement and leave it to individual Countries to decide what their infrastructure can support.
There is a view that Germany should leave the Euro, because it is Germany with the superior performance of its economy that is causing the overvaluation of the euro, despite the weakness of the economies of very many countries in the eurozone which overall has a negative influence on the euro but which is not sufficient to prevent it having a value low enough and appropriate for the needs of those countries in carrying on trade with the rest of the world. German membership of the eurozone will ensure that the euro will be permanently overvalued.
You’ve obviously learnt a lesson from Donald Trump. Blame all your problems on the E.U. or on illegal immigrants. I live in Spain where we had a dictator put into power thanks to Mussolini and Hitler. Yet Spanish people don’t go around telling people that all their problems come from Italy and Germany.
@Jack Meoff Germany has a booming economy, so has Denmark and the Netherlands not far behind, funny that all these countries are in the EU? Coincidence I don't think so.
The Italian debt will never be repaid. It is impossible. Take it as a loss. Period. If this woman and her burocratic puppet masters in the commission don’t give up, Italy could very well stop all contribution to EU and print his own currency. Enough is enough
Yes! Italy, rise again, lead your people to a greater sense of pride! Don’t allow Brussels control you. Spain will soon follow you to the same path, and together we will be great!
How can you rise when you increase your depts to a level of bankruptcy? Proud when the banks knock on your door? They can be great for three months and miserable for thirty years after.
@@francoruberto The higher your debts are, the lesser the chance you will pay back, the more interest is charged, to cover that risk. This economic law is valid allover the world, for countries, companies and private people. And has been from the beginning of loans. Blaming the EU for this is total madness. Being a member of the EU and Euro, makes Italy a little more trustworthy, and reduces the interest a little. Leaving would mean that the interest on the debt would be unaffordable.
@@dutchman7623 Italy is supposed to be a member of the EU and each member is supposed to pay the same interests as each country in the union especially when the money is borrowed from the same central bank. How can a mother( European union) treat each child differently( members). Italy is determined to fight the autocratic bureaucracy that has exhisted from the beginning of this stupid union. Italy will leave the union, the same way England did. Europe is finished!!!!!
Italy is the greatest country in the world when it comes to creating something of real beauty and value. Others can only copy. The EU is a failure, as was predicted in the book of Daniel.
Trump couldnt even fix its own problem inside its own country about the exodus in CA ..the homeless issues is growing ..US is becoming indeed a 3rd world country either ! nice joke thou
And I support the EU over Italy...how stupid can you be to vote for a populist and expect they have a solution for your problems...they are populist and will say anything to get elected. Off course I would love to retire at the age of 50, but that would mean I put a debt upon my children, somebody has to work for my retirement....we don’t want that and so have to work to 67 years and still rising.
Europe is like a rope-team of mountaineers it increases safety and success over going alone. But, if one partner does something stupid the whole team will be influenced.
@Darren Hughes: It implies more, it means that a certain amount of team spirit is required from each partner. And this is the aspect you object to. So tell me why a fall of Italy would not affect the other partners of the EU.
@Darren Hughes Iknow the German Commissioner Öttinger (Energy) as he comes from Baden -Würtemberg my part of Germany. But knowing them is of lesser importance as the 28 commissioners act as a proxy for the 28 EU Governments and all these Governments are a result of a democratic vote. It may not be the most direct democracy but it surely is democratically legitimated.
I advise the EU to kick the countries who dont want to cooperate OUT OF THE EU.. They came into the Union for a reason. Let them go and watch them run back.
@Darren Hughes I am no subject matter expert on the Italian economy. What I do know is when you reduce the retirement age, have a trending increased life expectancy, have a trending lower birth rates, you will eventually reach a point where your pension pool is not sufficient to cover the folks in retirement. This is assuming that there are no economic shocks that would severely reduce your GNI (which since 2010 has trended lower). The government will then have to either reduce social spending, pensions or increase debt to cover the losses. Being a democracy they will go for debt increase and you can guess where that would lead. What the government is doing is cultivating votes for the next elections while ignoring the inevitable problems this will cause for future generations, who will have to pay the bills for their parents' retirements.
@Darren Hughes Agree with you. Furthermore monetary union is a fundamentally stupid idea without political union. Giving up ability to control fiscal policy is giving up massive amount of sovereignty and political power. This is especially true when the monetary policies are geared towards supporting the bigger economies (France and Germany). That being said my statement wasn't about the Euro it was about a government's decision to create much future debt. And as you are rightly pointing out this will be exacerbated by the lack of control of fiscal policy.
And what is the goal? Overspending will lead to the bankruptcy of Italy. This will not be a pleasant situation. It is bad in the EU Grece and even worse outside Argentina.
People need to remember that the UK never voted a right wing government in. Our government just gave the people a referendum. No other EU member as had or will ever get offered a referendum ever again! Because i guarantee they will all vote to leave. There's a big difference from voting for a certain government for whatever reasons in your general elections than having a EU referendum over membership - The people need to remember this and the difference.
Since the Euro France has moved steadily in to the red. If they had the Franc still it would have declined against the Dm and things would be better. The great symbol of the EU - the Euro - is also likely to cause its downfall!
@@geraldbrown2840 If your inflation goes up, then the interest for new money you want to borrow goes up as well (?). In my understanding this is the reason why the govements depts are most often displayed as % of the GDP, since this is the basis for the possible goverment income via tax. To be honest, I don't understand how inflation would help an individual country to balance a single annual budget or how inflation would help the people (who are paying of mortages).
@Darren Hughes " you'll get a promotion for bankrupting countries." How is it possible to bankrupt a country when the advice is to have a balanced budget? Please eleborate, since I don't understand this notion.
About the employment centers: problem is not tecnology, the provblem is that there's no avaliable jobs. What's the point of an employment center if there's no jobs? Also most employment centers in France or germany provide cheap temp workers, its not real jobs.
Petit talks rubbish If Italy had the Lira it would be 20% lower than the Euro and if Germany had a Deutschmark it would be 20% higher so the rest of Europe are subsidising German Industry
I love the double standart. Let's remember the last time France run a deficit (which was not that long ago) Junker said, that nobody will open an investigation. When questioned about it, he said: "Well, because it's France". So how can these rules be just when their enforcement depends on the size of thecountry and the goverment in question? Hypocrisy at it's finest.
Or corruption at its finest
Well, France has about 90% debt overall while Italy has 140%. Spot the difference?
@ lucius1976: Perfectly right, in addition, France discussed the budget with the other partners of the EU before announcing it, Italy discussed one budget and announced something entirely different.
@Duff Clem Indeed Italy is going backwards, and has done ever since the start of the Euro. Italian labour cost +51% Germany +26%, France ?%. When Italy used the lira changes in the currency exchange rate would have levelled the field. France is slipping against the Germans - just give it time as the French over the same time have moved into deficit.
P.S. Since the Euro French and German GDP is up a marvellous 32%, while the poor old UK is labouring along on 42%. Until the EU acknowledges that the Euro is creating more problems than it solves the long term future is uncertain at best.
@@lucius1976 It's actually 97% France and 131% Italy and that's just public debt, which alone tells nothing about a country. Japan has 253% public debt and it's world's 4th most powerful economy, almost 3x more than France. France has a much bigger private debt (201%) than italy (113%), making it's overall debts bigger than italy's. Spot the difference?
Listen to them. It just beggars belief....Italy didn't like what the previous government was doing so they used democracy to kick them out, and now the EU is saying it doesn't care what the people want, they have to stick with something they voted out. Remove the EU administration and start again. Keep politics out of it and concentrate on trade. End compulsory free movement and leave it to individual Countries to decide what their infrastructure can support.
Tajani has lost the plot. He thinks EU won WW2 for heaven's sake!
@ PincherMartyn: What has WW2 to do with present day economics?
Euro is the problem. Italy should leave the Euro.
Did you hear that sound?
That was the sound of 80 Million Germans agreeing.
With what currency will they have to do trade?
@@allardfreichmann3733 Pizza, Pasta, and Fiat :D (Lira)
And changing government every year.
There is a view that Germany should leave the Euro, because it is Germany with the superior performance of its economy that is causing the overvaluation of the euro, despite the weakness of the economies of very many countries in the eurozone which overall has a negative influence on the euro but which is not sufficient to prevent it having a value low enough and appropriate for the needs of those countries in carrying on trade with the rest of the world. German membership of the eurozone will ensure that the euro will be permanently overvalued.
Tiziana is the only one that is not fake news. Italy gives more that it takes.
You’ve obviously learnt a lesson from Donald Trump. Blame all your problems on the E.U. or on illegal immigrants. I live in Spain where we had a dictator put into power thanks to Mussolini and Hitler. Yet Spanish people don’t go around telling people that all their problems come from Italy and Germany.
@Jack Meoff
Germany has a booming economy, so has Denmark and the Netherlands not far behind, funny that all these countries are in the EU? Coincidence I don't think so.
The Italian debt will never be repaid. It is impossible. Take it as a loss. Period. If this woman and her burocratic puppet masters in the commission don’t give up, Italy could very well stop all contribution to EU and print his own currency. Enough is enough
..... LONG LIVE ITA.Does not allow fears to determine your destiny...
Yes! Italy, rise again, lead your people to a greater sense of pride! Don’t allow Brussels control you. Spain will soon follow you to the same path, and together we will be great!
Why not wait to see how we deal with our Brexit mess first...lol.
How can you rise when you increase your depts to a level of bankruptcy?
Proud when the banks knock on your door?
They can be great for three months and miserable for thirty years after.
@@dutchman7623 Why is Italy charged more to service their debt?. It is not fair and Italy is powerful enough to leave the union. Screw europe
@@francoruberto
The higher your debts are, the lesser the chance you will pay back, the more interest is charged, to cover that risk.
This economic law is valid allover the world, for countries, companies and private people. And has been from the beginning of loans.
Blaming the EU for this is total madness.
Being a member of the EU and Euro, makes Italy a little more trustworthy, and reduces the interest a little. Leaving would mean that the interest on the debt would be unaffordable.
@@dutchman7623 Italy is supposed to be a member of the EU and each member is supposed to pay the same interests as each country in the union especially when the money is borrowed from the same central bank. How can a mother( European union) treat each child differently( members). Italy is determined to fight the autocratic bureaucracy that has exhisted from the beginning of this stupid union. Italy will leave the union, the same way England did. Europe is finished!!!!!
Italy is the greatest country in the world when it comes to creating something of real beauty and value. Others can only copy. The EU is a failure, as was predicted in the book of Daniel.
Just give Trump a call Italy. The US will be happy to help you out with trade if you want to leave the EU. Trump 2020
Trump couldnt even fix its own problem inside its own country about the exodus in CA ..the homeless issues is growing ..US is becoming indeed a 3rd world country either ! nice joke thou
This guy Marsili has very pinpointing analysis and outstanding communication skills. Bravo!
He seems to be well informed and neutral, he criticizes Italien politicians are at least as much as the politicians of the EU and the other countries.
@@karstenschuhmann8334 Indeed. I ageee
Next thing will be brussels making all eu countries raise retirement age to get increased eu contributions..they need their champagne
Really? Champagne?
And I support the EU over Italy...how stupid can you be to vote for a populist and expect they have a solution for your problems...they are populist and will say anything to get elected. Off course I would love to retire at the age of 50, but that would mean I put a debt upon my children, somebody has to work for my retirement....we don’t want that and so have to work to 67 years and still rising.
Europe is like a rope-team of mountaineers it increases safety and success over going alone. But, if one partner does something stupid the whole team will be influenced.
@Darren Hughes: You have no arguments, but instead of admitting this you switch to insults.
@Darren Hughes: It implies more, it means that a certain amount of team spirit is required from each partner. And this is the aspect you object to. So tell me why a fall of Italy would not affect the other partners of the EU.
@Darren Hughes Iknow the German Commissioner Öttinger (Energy) as he comes from Baden -Würtemberg my part of Germany. But knowing them is of lesser importance as the 28 commissioners act as a proxy for the 28 EU Governments and all these Governments are a result of a democratic vote. It may not be the most direct democracy but it surely is democratically legitimated.
I advise the EU to kick the countries who dont want to cooperate OUT OF THE EU.. They came into the Union for a reason. Let them go and watch them run back.
Stand firm italy.
Lower the retirement age? Are they planning on bankrupting the country?
@Darren Hughes I am no subject matter expert on the Italian economy. What I do know is when you reduce the retirement age, have a trending increased life expectancy, have a trending lower birth rates, you will eventually reach a point where your pension pool is not sufficient to cover the folks in retirement. This is assuming that there are no economic shocks that would severely reduce your GNI (which since 2010 has trended lower). The government will then have to either reduce social spending, pensions or increase debt to cover the losses. Being a democracy they will go for debt increase and you can guess where that would lead. What the government is doing is cultivating votes for the next elections while ignoring the inevitable problems this will cause for future generations, who will have to pay the bills for their parents' retirements.
@Darren Hughes Agree with you. Furthermore monetary union is a fundamentally stupid idea without political union. Giving up ability to control fiscal policy is giving up massive amount of sovereignty and political power. This is especially true when the monetary policies are geared towards supporting the bigger economies (France and Germany). That being said my statement wasn't about the Euro it was about a government's decision to create much future debt. And as you are rightly pointing out this will be exacerbated by the lack of control of fiscal policy.
And The EU wonders why The UK wants out
Because of incompetent and selfserving politicians who blame the EU instead of tackling their nations problems?
go Italy!!!!......tell em to get stuffed!!....
And what is the goal? Overspending will lead to the bankruptcy of Italy. This will not be a pleasant situation. It is bad in the EU Grece and even worse outside Argentina.
Come join us......eventually 🇬🇧
0:45 why is the soldier standing like that??
People need to remember that the UK never voted a right wing government in. Our government just gave the people a referendum. No other EU member as had or will ever get offered a referendum ever again! Because i guarantee they will all vote to leave.
There's a big difference from voting for a certain government for whatever reasons in your general elections than having a EU referendum over membership - The people need to remember this and the difference.
I support italy
.....I believe this the exact reason why the eu and Theresa may have been working together to keep the uk in or tied to as much as possible to the eu
Balance your budget or you will go brankrupt. That is an easy lesson I learned with 10 years by playing SimCity ....
Tell it to Japan first
Since the Euro France has moved steadily in to the red. If they had the Franc still it would have declined against the Dm and things would be better. The great symbol of the EU - the Euro - is also likely to cause its downfall!
@@geraldbrown2840 If your inflation goes up, then the interest for new money you want to borrow goes up as well (?). In my understanding this is the reason why the govements depts are most often displayed as % of the GDP, since this is the basis for the possible goverment income via tax.
To be honest, I don't understand how inflation would help an individual country to balance a single annual budget or how inflation would help the people (who are paying of mortages).
Benjamin Meusburger it clear that the lesson you’ve had where a waste of time as you obviously did learn anything.
@Darren Hughes " you'll get a promotion for bankrupting countries." How is it possible to bankrupt a country when the advice is to have a balanced budget? Please eleborate, since I don't understand this notion.
About the employment centers: problem is not tecnology, the provblem is that there's no avaliable jobs. What's the point of an employment center if there's no jobs? Also most employment centers in France or germany provide cheap temp workers, its not real jobs.
Italy to leave eu next.i support italy
Naughty Italy, trying to rule yourself. Tut tut!
Get out of the European union if you want your country to survive !
Petit talks rubbish If Italy had the Lira it would be 20% lower than the Euro and if Germany had a Deutschmark it would be 20% higher so the rest of Europe are subsidising German Industry
Italy is the new Greece
they will make them an offer they cant refuse.
no one like in none is gonna look at MY OWN budget
Ridiculous that bald guy whining about impending threat to democracy: that is precisely what EU is, not Salvini.
populist? people have a choice and that is no way meaning populist as if it is evil.
Story on EU court of human rights new anti blasphemy laws for Islam
intakuan day. self. tsabug
inty.
intaluan sY. milioner havermsny. intalian ortet. pay .haver. european iunion
thinck.women.thinck economy..havet.women beter
not. sesery. blober. mast by.safer . kumunity. european iunion