Published On: Sat, Feb 9th, 2019

'EU leaders are no longer CREDIBLE!' Italy boast that Brussels will be TOPPLED in May


Italian politicians have ripped into the leaders of the European Commission (EC) after its leaders slashed forecasts on Italian economic growth. The EC downgraded Italy’s forecast for 2019 and 2020 earlier this week, claiming that the country’s government had pushed the country into a recession. In response, representatives of the Italian government has called into question the “impartiality” of the leadership in Brussels.

Ignazio Carrao, an MEP who serves as EU affairs advisor for Italy’s ruling Five Star Movement, warned that the present EC leadership was on its way out.

Speaking to Bloomberg TV, the Italian MEP claimed the Commission’s leaders, Pierre Moscovici and Valdis Dombrovskis, no longer represented Europeans.

He said: “Moscovici and Dombrovskis are representing a European Commission that was appointed in 2014 from governments in a different political situation.

“I doubt that when Moscovici talks and points his finger, that he is a impartial figure. I don’t think what he says is really credible anymore.”

Mr Carrao predicted that the European Parliamentary elections at the end of May would topple the current leadership in Brussels and Strasbourg.

He explained: “The European Commission has to have a completely different attitude of the countries in the EU.

“Their policies have produced a disaster. The next European Commission will work for the people of Europe and not the big interests. There will not be a budget fight like we have had this year.”

In its review of Italy’s economic growth forecast, the Commission said that Italian GDP was likely to grow by 0.2 percent in 2019, down from 1.0 percent in 2018.

This is a huge drop from the 1.2 percent growth forecast last November.

In 2020, the Italian economy was likely to expand by 0.8 percent, a drop from the 1.3 percent growth forecast last year.

The EU’s economic commissioner Pierre Moscovici said that Brussels would be closely monitoring the Italian economy, suggesting that the EU could intervene if the economy does not pick up.

Italy’s GDP contracted 0.1 percent in the third quarter and 0.2 percent in the last three months of 2018, putting the economy into a technical recession for the first time in five years.

However, the country’s economy minister Giovanni Tria played down the difficulties, confirming that growth had stalled but adding it was wrong to say the country was in a recession.



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