A Quote by Martin Schulz
Italy is one of the eight major industrial nations. What will happen if a G-8 country within the European Union goes bankrupt? Does anyone think Germany wouldn't be affected? Italy is one of our key markets.
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The savings rate in Italy is high, but the markets do not trust Italy even though it's the third largest economy in the European Union and the eighth in the world.
Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with Austria's banking system. There's all sorts of interplays there. So it's not the PIIGS one should worry about. Germany hasn't even begun falling yet. And when Germany falls, and it will, that's when the panic begins to set in.
The European Union is a union of the extreme center. It's a banker's union. You see how they operate in country after country, appointing technocrats to take over and run countries for long periods. They did it in Greece; they did it in Italy; they considered it in other parts of Europe.
Italy will never be a normal country. Because Italy is Italy. If we were a normal country, we wouldn't have Rome. We wouldn't have Florence. We wouldn't have the marvel that is Venice.
But Italy is not an intellectual country. On the subway in Tokyo everybody reads. In Italy, they don't. Don't evaluate Italy from the fact that it produced Raphael and Michelangelo.
The Italy of my children will be at head of Europe, economically. Because Italy has all the conditions to be the country of the startups, the country of artisans and quality, and the country of the big companies.
Europe is nervous. Already rattled this year by the shock of the Brexit vote, the European Union needs stability in Italy, a country notorious for its instability.
I think another crisis, which is being predicted now and which will be worse than what we saw in 2008, could bring the European Union down unless there are huge reforms from within to democratize, to give more power to the regions, etc. If this doesn't happen, the European Union will fall.
Italy, my Italy! Queen Mary's saying serves for me (When fortune's malice Lost her Calais): "Open my heart, and you will see Graved inside of it 'Italy.'"
I am proud to be Italian because I was born in Italy, I grew up in Italy, I went to school in Italy and I have worked in Italy. I'm Italian.
The ESM, the European Stability Mechanism, is not funded by Germany alone. Twenty-seven percent of the bailout package comes from Germany. Italy and France together cover a total of 38 percent. That's reality. It makes no sense to say that everyone wants to get at Germany's money.
To achieve effectiveness and legitimacy it is time to scrap the right of veto given to permanent members of the UN, or at least severely restrict its use. It is also time to either abandon the idea of permanent membership or broaden it to reflect the rise of non-Western states to the status of global leaders (e.g. Brazil, India, Indonesia, Turkey, South Africa), and to downgrade European representation by either giving the European Union a single seat or rotating a European state among Germany, France, UK, and Italy.
The world is in America. In Italy is only Italy. France is full of France. Germany is full of Germany. In a continent that contains the entire world, contradictions are, of course, constantly arising.
Brexit is a disaster, Italy won't be real about its debt, and the European Union is in trouble.
If Macron thinks there is no immigration crisis in Italy, he should open his doors to the 9,000 migrants France agreed to welcome from Italy in accordance with signed European agreements.
We are not perfect. But we have doubtlessly fulfilled our obligations to the EU to a greater degree than the EU has its obligations to Italy, when it comes to the relocation or repatriation of refugees that are in our country. Italy does its homework better than the rest of Europe. Instead of the 160,000 migrants that were to be distributed across Europe, we are currently at 300.
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