Combustible Politics

I have felt for some time that Rober Maroni would not have been so outspoken without at least the tacit permission of Silvio Berlusconi, and now we have the evidence to back my hunch:

“Italian Prime Minister Silvio Berlusconi called the euro a “disaster,” blaming the currency for Italy’s economic slump and seeking to use anti-euro sentiment in his election campaign against opposition leader Romano Prodi.

“Prodi’s euro has been a ripoff,”

With Italy in its second recession in as many years, the euro is proving to be a “disaster,” Berlusconi, 68, said. Berlusconi has blamed the euro for raising prices and choking exports.

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".