Eurosceptic in Italy's government standoff is 'radically anti-German'

www.thelocal.de | 12/31/1969 | Staff
srqlolo (Posted by) Level 3
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A fierce critic of the Maastricht Treaty and the euro, 81-year-old Savona has a career in finance and economics that stretches back to the 1960s, and was Minister of Trade and Industry during fellow banker Carlo Ciampi's short-lived technical government in the early 1990s.

In his latest book, "Like a Nightmare and a Dream", Savona calls the single currency a "German cage", and his hostility to the euro is causing President Sergio Mattarella to hesitate over his appointment amid a flurry of warnings from Brussels.

Book - Savona - Tone - Plan - B

In the book, Savona strikes a decidedly hardline tone, writing that "we need to prepare a plan B to get out of the euro if necessary ... the other alternative is to end up like Greece."

He also uses the book to attack Italian officials who decided to take Italy into the euro, which he claims has "halved Italians' purchasing power", the European Central Bank (ECB) and its president Mario Draghi.

Words - Germany

Particularly harsh words are reserved for Germany.

"Germany didn't change its idea on its role in Europe after the end of Nazism, even if it abandoned the idea of imposing itself militarily," the 81-year-old writes.

Backing - Minister - Nominee - Giuseppe - Conte

Despite the fierce backing of prime minister nominee Giuseppe Conte, Five Star Movement leader Luigi Di Maio and in particular League chief Matteo Salvini, Mattarella is refusing to give in on appointing Savona, despite worries the coalition will collapse if he isn't given the role.

"When you have the best available you go for the best. He is the guarantee that Italy can sit at table as a key player," Salvini said on Thursday.

Vincenzo - Visco - Head - Bank - Italy

Vincenzo Visco, current head of the Bank of Italy and a former finance minister in leftist governments between 1996 and 2000, told the Corriere della Sera that Savona "has...
(Excerpt) Read more at: www.thelocal.de
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