Tuesday 1 October 2013

BERLUSCONI ANGERS MERKEL AND THE EU !!!


Can you imagine two EURO-politicians wider apart than Silvio BERLUSCONI and Angela MERKEL ?

On the one hand you have Berlusconi who has led a scandalous life in Italian politics for the last 20 years, to protect his salacious private life and to protect his business interests.  He is 77 years old, and a multi-Billionnair.  But he makes his money speak !  

He has now thrown a spanner into the Italian Coalition by obliging the "puppet ministers" of his party "Forza Italia" to resign from the "Coalition", with the hope that this will coerce, in the end, judges to decide favourably in any of the miriad of cases this former "Prime Minister" is facing !!! 

What can the Italian President do other than to dissolve Parliament ? This will be the next major decision !

On the other hand you have Angela Merkel,  who at present seeks a "Coalition" in order to retain her well earned place as "Chancellor of Germany" to continue her defence of the EURO and the EUROZONE !  

But, Merkel has less than 50% of the Votes and Deputies which she needs.  There is an opposition in Germany which does question "where does Germany really want to go" ?

Berlusconi has pushed the problem of the Italian National Debt of 2 000 Billion EUROS to the brink:  will Italy be obliged to ask for EUROZONE aid ?  Would Germany be prepared to underwrite "aid" in these circumstances ?  This now enters into all discussions Merkel has to undertake !  

Merkel has always been pliable in the past when recognising obvious boundaries but will she obtain the Coalition she wants ?  Or will she have to accept to redefine the conditions on which a EUROZONE country could leave the EURO ?

Only time will reveal the permanent new policy ! 

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