For those who believe in the European project, Brexit is a headache. Italy, on the other hand, is a bloody nightmare. Its new anti-elite populist coalition government of the alt-left Five Star Movement and the radical-right League is currently set on a collision course with the EU. This could easily start a chain reaction that destroys the single currency.
The British media hardly mentioned it but on Saturday, once Jean-Claude Juncker, EU Commission president, had sent Theresa May on her way with a pat on the back, he sat down to ‘a working dinner’ with Giuseppe Conte, the Italian Prime Minister, to discuss Italy’s ‘unprecedented’ breach of EU rules on its budget.
In a bid to try to move away from austerity, Italy’s government has proposed a budget which exceeds the EU’s regulations on the amount of spending and debt within the eurozone. There is nothing especially Corbynista, or even Venezuelan, about this budget.
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in