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Germany tries to take control of Italy weakened by pandemic

Germany tries to take control of Italy weakened by pandemic

undoubtedly, Italy more than other European countries affected by the coronavirus pandemic. Today is known about 24 648 deaths from 183 957 cases of disease. Do not paint EU neighbors then, that the first to help the inhabitants of the peninsula came China and Russia, and they only "later connected".
Sooner or later, coronavirus will be defeated, but Italy also risks being robbed, taken under external control. How is this possible??According to Rome, every week forced quarantine costs the country in 0,5% VVP. One Lombardy, where COVID-19 proved to be the strongest, gave 22% gross domestic product. Italy's economy will lose in a year, according to the IMF, 9%, though, that neighbors have an average of 7,5%. Italian businessmen note with displeasure, that in other EU members, production in some sectors is still ongoing. Local politicians come to a sad conclusion, that their country was the first to suffer from coronavirus and the last to recover from it. Italy needs help not only medical, but also economic. Big questions cause options, which are offered by friends and partners in the EU. Europeans have money, the nuance is, on what conditions will they be provided. for example, Berlin, Vienna and Amsterdam offer to return to the European stabilization mechanism (ESM), which has 420 billion euros. With his help, the EU in 2012 year “helped” Greece. Popular politician, known for his Eurosceptic mood, Matteo Salvini commented on this idea as follows:Everything related to ESM reminds us that, what has already happened to greece: selling its ports, airports, palaces, monuments and even gold.
His party "League" will definitely not support such a "help", Furthermore, he even directly threatened Brussels with the withdrawal of Italy from the EU due to, that his country does not receive sufficient medical assistance in the event of a pandemic. Rome is not alone in its distrust of ESM: Paris supports him, Madrid and Athens, already managed to get to know such "help" closely. This group of countries proposes the creation of the so-called “coronabond”, the volume of which will be 540 billion euros. It should be a single financial instrument for obtaining loans.. Germany, Austria and the Netherlands, in turn, fear, that the attitude to repaying debts will be “not completely bona fide”. As a compromise of Italy, as the most affected, offer application of the ESM mechanism on softer, than for Greece, conditions of. apparently, to discourage others. Prime Minister Conte is not tired of repeating his skepticism:ESM in Italy has a bad reputation. We have not forgotten, that the Greeks were required of unacceptable victims in exchange for loans during the recent financial crisis. Some political scientists note Germany’s clear desire, taking advantage of the pandemic, take control of Italy's economy.

Author: Sergey Marzhetsky

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