Wednesday 30 May 2018

Italy’s political crisis is a moment of reckoning for European liberal democracy

by Jim Newell **


After months of wrangling, Italy’s political crisis has a hit an impasse, with new elections now increasingly likely. The country faces an institutional crisis without precedent in the history of the Italian republic. Its implications extend well beyond Italy, to the European Union as a whole.
Since an election on March 4, there have been endless vain attempts to form a government – with the likely outcome changing every 24 hours. By mid-May, the Five Star Movement (M5S) and the League, both populist parties, had come together to draft a programme for government featuring tax cuts and spending plans. But it sent shivers down the spines of those contemplating Italy’s public debt – running at over 130% of GDP – and threatened the stability of the eurozone.
They were prevented from taking office thanks to their insistence on the appointment of the economics professor, Paolo Savona, as finance minister. Due to Savona’s well-known eurosceptic views, Italy’s president, Sergio Mattarella, refused to appoint him.
Although Mattarella’s decision is within the constitution, and previous presidents have refused to appoint certain ministers before, it is in many respects without precedent and has arguably enabled the populists – who have a parliamentary majority – to stage a propaganda coup. The institutional crisis has been deepened by M5S’s announcement that it will seek to “impeach” the president and by calls from both parties for public demonstrations to protest Matarella’s decision.
The appointment of Carlo Cottarelli, a former official from the International Monetary Fund, as prime minister on May 28 was merely a stop-gap measure until fresh elections in the autumn. His government will almost certainly fail to win the necessary vote of confidence required of all incoming governments upon taking office. This means that it will be unable to undertake any legislative initiatives that go beyond day-to-day administration.

Populists emboldened

Under these circumstances, campaigning for the next election will continue throughout the summer with the far-right, anti-immigrant, League, emboldened by a considerable jump in its opinion poll ratings.
Support for the M5S is less certain but the party is likely to benefit from the same anti-establishment narrative that powers the League and whose purchase has been so considerably strengthened by the showdown with the president. The problem for M5S, which draws its support from across the left-right spectrum, is that it has been driven into the arms of a far-right, eurosceptic party from whose embrace it will find it difficult to extract itself during the coming weeks. The campaign seems bound to focus on the two themes that have given rise to the crisis: the programme for government agreed by the two parties and popular disaffection arising from Italy’s place in Europe. Against this background, it’s highly likely that the upcoming election will be widely framed as a contest between the forces of the establishment, on the one hand, and their eurosceptic challengers on the other.
This was suggested by M5S leader, Luigi Di Maio, in a recent Facebook post which, in true populist fashion, framed the issue as a basic principle of democracy:
Let us be clear about it: in this country, voting is pointless because whatever the outcome, governments are decided upon by the ratings agencies and the financial and banking lobbies. It is always the same people who decide.

Constitutionalism at stake

While such rhetoric serves to fan the flames of popular resentment and undermines the authority of Italy’s democratic institutions, it is based on the dangerous premise that democracy is about the supremacy of the will of a majority. Rather than – as is set out in the first article of the Italian constitution – that democracy is the exercise of popular sovereignty “in the forms and within the limits of the constitution”.
In this respect it reflects the unfolding of a crisis with clear echoes elsewhere in Europe, most notably the UK, Hungary and Poland. The Italian impasse was precipitated by populist politicians whose challenge to the entire European integration project carries with it an attack on the basic assumptions of liberal democracy.
Looking back on the March 4 elections, it’s difficult to think of a more significant vote in the recent history of Europe. It was one that has raised questions about the nature of party politics, the future of the EU and about the nature of democracy itself in the 21st century.


** This article was originally published by The Conversation

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southernfinance54@aol.com ) or whatsapp (+12293838364 ) for more info

Name
country
Loan amount needed
Loan Duration
Loan purpose
Phone number
Monthly income
Status

Southern Finance

Unknown said...

Crédit offre de Prêt (proposition)

Si vous avez besoin d'un prêt pour améliorer votre mode de vie suite à cette pandémie de COVID-19 qui continue de faire des ravages dans le monde entier. Nous proposons des prêts allant de 5000 à 15 millions d’Euros aux taux d’intérêt de 2%. Nous répondre pour plus d’informations.


stephanetang.fr@gmail.com

Francis James said...

We help individuals and companies to obtain loan for business

We offer you a good opportunity to take out a loan.
- Flexible repayment schedule
- Loan amount: € 5,000.00 and above
- The interest rate of 2%
- The approval is quick
- No collateral check

Apply now!

Send the Below information for correspondence:

Name:

Address:

Tel:

We are ready to close leasing with any interested client in few banking days, if interested do not hesitate to contact me direct.


Regards
Francis James
Email: info.jpfrancis@gmail.com
whatsapp +14243316469

Kelvin Faiz said...



We Facilitate Bank Guarantee (BG) & Standby Letter of Credit (SBLC) Instrument Direct Mandate Provider of Fresh Cut Bank Instrument for Lease/Purchase such as BG, SBLC, MTN.

Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected We are direct to a provider for BG /SBLC Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding: For further details contact us with the below information.

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Unknown said...

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Unknown said...

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manoj said...

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you can contact us with your full name your phone number along with your home address
on this Emails(excelsiorfunds5@protonmail.ch)
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manoj said...

we are giving out loan at low interest rate of 2% if really you are in need of a loan and you are serious kindly apply now without know delay
you can contact us with your full name your phone number along with your home address
on this Emails(excelsiorfunds5@protonmail.ch)
whatspp Number +447438496201

Shielabells Parma said...

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Tamara Barrow said...

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how to take for 2 weeks, to make the long story short, I have been
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add him on whatsApp +2348140120719, God
Bless you sir!

Unknown said...

My name is Sara Johnson, I live in california U.S.A and i am a happy woman today? I told my self that any Loan lender that could change my Life and that of my family after been scammed severally by these online loan lenders, i will refer any person that is looking for loan to Them. he gave happiness to me and my family, although at first i found it hard to trust him because of my experiences with past loan lenders, i was in need of a loan of $300,000.00 to start my life all over as a single parents with 2 kids, I met this honest and GOD fearing loan lender online Dr. Dave Logan that helped me with a loan of $300,000.00 U.S. Dollars, he is indeed a GOD fearing man, working with a reputable loan company. If you are in need of loan and you are 100% sure to pay back the loan please contact him on (daveloganloanfirm@gmail.com and Call/Text: +1(501)800-0690 ) .. and inform them Sara Johnson directed you.. Thanks. Blessed Be.

Unknown said...

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Please Fill the Application Form Below:
- Complete Name:
- Loan amount needed:
- Loan Duration:
- Purpose of loan:
- City / Country:
- Telephone:
- How Did You Hear About Us:

Do You Need A Loan To Consolidate Your Debt At 1.0%? SuiteCapitals@gmail.com ( SuiteCapitals@post.com ) Or A Personal Loans * Business Loans etc. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

Shielabells Parma said...

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Dr. Bradley Louis said...

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DO YOU NEED A LOAN? Are Financially down, Cry no more, Financial problem is nothing to cry about, it is something we will have to fight against in one Love, Understanding, Trust and Unity. So our faith as Legitimate Financial Consultants is putting an end to the financial hardship. We are investors providing financial services and we specialize in both start up projects,Home Finance and existing businesses needing funding or Loan for expansion. We are committed to helping businesses develop and succeed.Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes? Do you need an urgent loan to buy a house? If Yes worry no more because we are out here to help the less financially privileged get the loan they need to get back on their feet no matter your credit score, you can say goodbye to all your financial crisis and difficulties. We offer loans ranging from ($5,000.00.USD To $500,000,000.00.USD) At a low and affordable interest rate of 2%, without collateral and without credit check. Bradley Louis Loans holds all of the information about how to obtain money quickly and painlessly (dr.bradleylouisloans@gmail.com) Text/Call (917) 383-2689

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Unknown said...

Hello Everybody,
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Ki su Son said...

We have a direct genuine provider for BG/SBLC specifically for lease, at leasing price of 4+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.

Contact : Mr. DARREN C CHENG
Email: Darrencraig002@gmail.com
skype : keatcheng2@gmail.com

Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

All inquires to Mr. Darren should include the following minimum information so I can quickly address your needs:

Complete contact information:
What exactly do you need?
How long do you need it for?
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Whatsapp: +19733700521

LENDINGTREEMONEY said...

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider.

Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details.

They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly.

- Bank Guarantee (BG)
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I will be glad to share with you our working procedures.
Contact : Robert Bouffad
Email: Lendingtreemoney@gmail.com
Whatsapp: +447586540601
Postal address
Swiss National Bank
Börsenstrasse 15
P. O. Box
CH-8022 Zurich
BROKERS ARE WELCOME & 100% PROTECTED!!!

Mrs. McCarthy Juan said...

TESTIMONY ON HOW I GOT MY LOAN FROM A FINANCE COMPANY LAST WEEK Email for immediate response: drbenjaminfinance@gmail.com

{Dr.Benjamin Scarlet Owen} can also help you with a legit loan offer. He Has also helped some other colleagues of mine. If you need a genuine loan without cost/stress he his the right loan lender to wipe away your financial problems and crisis today. BENJAMIN LOAN FINANCE holds all of the information about how to obtain money quickly and painlessly via WhatsApp +19292227023 Email drbenjaminfinance@gmail.com