Italy warns Germany and France fixated EU ‘ignore us at your peril’ – Express.co.uk
Bruno Maes, who was Portugals EU minister between July 2013 and November 2015 told the Express.co.uk that Italianswere increasingly drawing the link between the countrys economic woes and its EU membership.
Mr Maes said: The big problem is that Italy has not grown since the start of the euro, its been basically stagnant for 16 or 17 years.
This is not sustainable, and of course more and more people are making the connection and asking, publicly, whether the euro is to blame for Italian stagnation.
Italy is not a country that is used to this. It was for decades a fast growing, fast industrialising, high tech economy. You have to make an effort to think back to those years in the 70s and the 60s.
Getty/Express
The former minister, who helped steer his country through the EU sovereign debt crisis, said that Italians often feel their nation is not recognised at a European level.
He said: Its a country that also feels that its size and importance is not being recognised. Its allabout France and Germany.
Every Italian political leader tries to change this. They all fail. So there is some dynamics there, thatarequite dangerous in terms of creating more and more alienation from the EU, so I think that is the country the EU should be concerned about.
Anger at the European Union in Italy has seen the rise of the 5 Star Movement (MS5) founded by former comedian Beppe Grillo in 2009.
Its a country that also feels that its size and importance is not being recognised
Bruno Maes
The movement won a spectacular victory when it helped the no vote win in a referendum on a change of Italys constitution in late 2016.
Italy voted to reject the reform with 59.4 per cent to 40.6 per cent for Yes which saw PM Matteo Renzi stand down. A caretaker PM has taken office with an election due by spring 2018 at the latest.
MS5 has vowed to hold a referendum on single currency membership should they get into power, but has stopped short of calling for a vote on EU membership.
Mr Maes said that problems in Italys banking sector and indeed across Europe are likely to continue despite the spate of bailouts in Italys beleaguered financial sector.
1 of 7
Now some people think this is birth pains and that everything will get back on track. Im a bit more pessimistic.
Bank problems have not been solved. They are hidden under the blankets because of the easy policy of the ECB, but I think there is always the possibility of them coming back.
If you look at the figures, theyre not good.Non performingloans, bank ratios, these are all very troubling if you look carefully so I think theres alwayspotentialfor problems in the banking sector and weve already seen that in Italy.
He criticised Italys bank bailouts branding its flouting of rules and the acquiescence of Brussels troubling.
I spent so many days, so manyweeks,when I was in government working on the banking union plan, and I was a real believer and in some respects I still am.
I thought this is the right way for the EU to go, not a fiscal union, but this idea of a banking union, and a lot of effort that we spent on the banking union.
Then to see this Italian bailout that really disrespects the rules that were established, that just a week before had beenrespectin Spain is very troubling.
Italy's government was allowed to cut a deal that will cost it 14billion (17bn) as the good assets of failed lenders Popolare diVicensaand Vento Banca are taken over by the country's biggest retail bank Intesa Sanpaolo.
The following Wednesday the MontedeiPaschi bank was bailed out to the tune of4.7billion in the biggest bailout since the financial crisis.
More:
Italy warns Germany and France fixated EU 'ignore us at your peril' - Express.co.uk
- The European Union just issued a dire warning to its 450 million citizens: Stockpile supplies and prepare for disaster - Fortune - March 26th, 2025 [March 26th, 2025]
- The European Union is preparing for war and is calling for emergency reserves in every home - CiberCuba - March 26th, 2025 [March 26th, 2025]
- The European Union rejected Russias demand for a ceasefire in exchange for lifting sanctions - - March 26th, 2025 [March 26th, 2025]
- Exclusive | European Union to slap Meta with fine up to $1B or more for breaching strict antitrust rules: sources - New York Post - March 26th, 2025 [March 26th, 2025]
- Peter Rough sat down with Kaja Kallas, European Union high representative for foreign affairs and security policy and European Commission vice... - March 26th, 2025 [March 26th, 2025]
- Court of Justice of the European Union: Member states representatives appoint thirteen judges to the General Court - consilium.europa.eu - March 26th, 2025 [March 26th, 2025]
- When the European Union wants to get back to basics - Marketscreener.com - March 26th, 2025 [March 26th, 2025]
- The European Union urges citizens to stockpile supplies to last 3 days in case of crisis - Goshen News - March 26th, 2025 [March 26th, 2025]
- The European Union urges citizens to stockpile supplies to last 3 days in case of crisis - Oil City Derrick - March 26th, 2025 [March 26th, 2025]
- European Union's Transmission Shafts and Cranks Market Expected to Slightly Increase with a CAGR of +0.3% over the Next Decade - IndexBox, Inc. - March 26th, 2025 [March 26th, 2025]
- New European Union Plan To Boost Local Arms Production Would Freeze U.S. Out Of Billions - The War Zone - March 26th, 2025 [March 26th, 2025]
- European Union's Roasted Coffee Market to See Continued Growth with +0.6% CAGR by 2035 - IndexBox, Inc. - March 26th, 2025 [March 26th, 2025]
- EU Penalizes RPM And Other Vertical Conduct Violations - Cartels, Monopolies - European Union - Mondaq News Alerts - March 26th, 2025 [March 26th, 2025]
- European Union's Toilet Paper Market to Reach $27.1B by 2035 with +0.5% CAGR - IndexBox, Inc. - March 26th, 2025 [March 26th, 2025]
- European Union Delays Retaliatory Tariffs On U.S. ProductsIncluding Whiskey - Forbes - March 20th, 2025 [March 20th, 2025]
- ICC President visits Brussels, urges European Union to take immediate action to protect the Court - the International Criminal Court - March 20th, 2025 [March 20th, 2025]
- The European Sting is Your democratic, independent and top quality political newspaper specialized in European Union News. Unique Features: iSting... - March 20th, 2025 [March 20th, 2025]
- The Prime Minister of Slovakia supported Ukraine's integration into the European Union - Eurasia Daily - March 20th, 2025 [March 20th, 2025]
- Trump reacts to European Union slapping tariffs on U.S. goods - CBS News - March 13th, 2025 [March 13th, 2025]
- Rxulti approved in the European Union for adolescent schizophrenia - PharmaTimes - March 13th, 2025 [March 13th, 2025]
- European Union Responds With Tariffs on Soybeans, Other Ag Exports - DTN The Progressive Farmer - March 13th, 2025 [March 13th, 2025]
- European Union retaliates with tariffs on $28 billion U.S. products - RFD-TV - March 13th, 2025 [March 13th, 2025]
- Donald Trump threatens European Union with 200% tariffs on specific goods if they dont remove nasty tax - UNILAD - March 13th, 2025 [March 13th, 2025]
- Canada and the European Union announce retaliatory tariffs against the United States - KREM.com - March 13th, 2025 [March 13th, 2025]
- Commission decides to refer SPAIN to the Court of Justice of the European Union due to discriminatory tax treatment of non-resident taxpayers - The... - March 13th, 2025 [March 13th, 2025]
- European Union hits back with counter tariffs on US goods - USA TODAY - March 13th, 2025 [March 13th, 2025]
- Trade Wars: European Union Retaliates Against U.S. Tariffs on Steel and Aluminum - TipRanks - March 13th, 2025 [March 13th, 2025]
- Commission hosts event to gather input and expertise on upcoming European Water Resilience Strategy - European Union - March 7th, 2025 [March 7th, 2025]
- UNESCO and the European Union Promote Training in Creative Tourism in the Caribbean - UNESCO - March 7th, 2025 [March 7th, 2025]
- The Interests of the European Union and the United States Are Diverging - Modern Diplomacy - March 7th, 2025 [March 7th, 2025]
- Tunisia: Call for the European Union to send international observers to the so-called "conspiracy" trial - FIDH - March 7th, 2025 [March 7th, 2025]
- European Union Blasts Trump Tariff Threats as Starmer Visits White House - Newsweek - February 27th, 2025 [February 27th, 2025]
- Trump vows to slap 25% tariffs on the European Union - FRANCE 24 English - February 27th, 2025 [February 27th, 2025]
- Trump vows to impose 25% tariffs on imports from the European Union - The Associated Press - February 27th, 2025 [February 27th, 2025]
- Trump says tariff level will be 25% on European Union products - Le Monde - February 27th, 2025 [February 27th, 2025]
- EU reaffirms unwavering support to Ukraine on anniversary of invasion - European Union - February 27th, 2025 [February 27th, 2025]
- The European Union is financing a project to strengthen social protection for women in ten local communities in Bosnia and Herzegovina - EEAS - February 27th, 2025 [February 27th, 2025]
- Trump's reciprocal tariffs would hit these European Union products that Americans buy the hardest - CNBC - February 14th, 2025 [February 14th, 2025]
- European Union Says It Will Respond "Firmly, Immediately" To Trump's Tariffs - NDTV - February 14th, 2025 [February 14th, 2025]
- How the European Union could counter US tariffs - ING Think - February 14th, 2025 [February 14th, 2025]
- (Nemolizumab) Approved in the European Union for Moderate-to-Severe Atopic Dermatitis and Prurigo Nodularis - Business Wire - February 14th, 2025 [February 14th, 2025]
- European Union could ban the number 1 Catholic app in the world: Hallow - ZENIT - English - February 14th, 2025 [February 14th, 2025]
- Political contagion in Europe: can the European Union survive Trumpism? - Bruegel - January 19th, 2025 [January 19th, 2025]
- Bolstering the cybersecurity of the healthcare sector - European Union - January 19th, 2025 [January 19th, 2025]
- Medidatas Patient Experience Recognized as Sustainability Solution by the European Union, Paving the Way for Greener Clinical Trials - Dassault... - January 19th, 2025 [January 19th, 2025]
- European Union Special Representative for the Great Lakes Region, Johan Borgstam, makes first official visit to Tanzania - EEAS - January 19th, 2025 [January 19th, 2025]
- Indicating the way forward for sustainable European aviation - European Union - January 19th, 2025 [January 19th, 2025]
- UNHCR and the European Union join forces to provide lasting solutions for Afghan refugees and returnees - EEAS - January 19th, 2025 [January 19th, 2025]
- Irregular migration into the European Union fell sharply last year, border agency says - The Associated Press - January 19th, 2025 [January 19th, 2025]
- Poland Assumes the Presidency of the Council of the European Union - Kyiv Post - January 6th, 2025 [January 6th, 2025]
- Far From Ignorant: The European Union, Arms Exports and Israel - CounterPunch - January 3rd, 2025 [January 3rd, 2025]
- Major changes in the European Union - summary of 2024: everything you need to know in 2025 - Visit Ukraine - January 3rd, 2025 [January 3rd, 2025]
- Hungary's controversial presidency of the Council of the European Union comes to an end - Euronews - January 1st, 2025 [January 1st, 2025]
- 30 years together: Austria, Finland and Sweden in the EU - European Union - January 1st, 2025 [January 1st, 2025]
- AI and Employee Data Protection in the European Union: 8 Key Takeaways for Multinational Businesses - JD Supra - January 1st, 2025 [January 1st, 2025]
- Pro-European Union Protests in Georgia Continue into New Years Eve - AL24 News - January 1st, 2025 [January 1st, 2025]
- 2025, between the reformist drive and the structural challenges of the European Union - The Diplomat in Spain - January 1st, 2025 [January 1st, 2025]
- Statement on behalf of the European Union and its Member States by H.E. Ambassador Stavros Lambrinidis, Delegation of the European Union to the United... - December 30th, 2024 [December 30th, 2024]
- European Union to resume Association Council meetings with Israel - The Times of Israel - December 18th, 2024 [December 18th, 2024]
- Its time for the European Union to rethink personal social networking - Bruegel - December 18th, 2024 [December 18th, 2024]
- Mistral 3 project to receive 60 million from European Union - MBDA - December 18th, 2024 [December 18th, 2024]
- The European Union and Palestinian Authority convene Investment Platform and announce EUR 28.3 million of investments for the Palestine Financial... - December 18th, 2024 [December 18th, 2024]
- The EVERY Company Further Expands its IP Estate with European Union Patent for Recombinant Ovalbumin - Business Wire - December 18th, 2024 [December 18th, 2024]
- European Union sanctions 26 individuals and two entities in Belarus - euneighbourseast.eu - December 18th, 2024 [December 18th, 2024]
- European Union: What do CG&R companies need to know about the European Accessibility Act? - GlobalComplianceNews - December 18th, 2024 [December 18th, 2024]
- New EU norms to reduce environmental impact of smitheries and foundries - European Union - December 14th, 2024 [December 14th, 2024]
- Syria: Statement by the High Representative on behalf of the European Union on the fall of the Assad regime - consilium.europa.eu - December 10th, 2024 [December 10th, 2024]
- European Union and the Gates Foundation to co-host Gavi 6.0 High Level Pledging Summit - Bill & Melinda Gates Foundation - December 10th, 2024 [December 10th, 2024]
- European Union orders TikTok to preserve data related to Romanian election - The Associated Press - December 10th, 2024 [December 10th, 2024]
- European Union - United Republic of Tanzania: Joint Communique of the 2024 Partnership Dialogue - EEAS - December 10th, 2024 [December 10th, 2024]
- Human Rights Day: Statement by the High Representative on behalf of the European Union - consilium.europa.eu - December 10th, 2024 [December 10th, 2024]
- We are waiting to return home - helping refugees in Sudan - European Union - December 10th, 2024 [December 10th, 2024]
- Revised Regulation on Classification, Labelling and Packaging of Chemicals enters into force - European Union - December 10th, 2024 [December 10th, 2024]
- CCS legal framework for the development of carbon capture and storage technologies in Poland and the European Union - Dentons - December 10th, 2024 [December 10th, 2024]
- Mercosur and the European Union sign trade agreement - Fresh Fruit Portal - December 10th, 2024 [December 10th, 2024]
- European Union To Spend Over $4 Million And 3 Years To Create Report On European Animation Industry - Cartoon Brew - December 4th, 2024 [December 4th, 2024]
- Speech by President von der Leyen at the European Parliament Plenary on the new College of Commissioners and its programme - European Union - December 4th, 2024 [December 4th, 2024]
- ASSEMBLY | EU bishops reflect on Europes future and challenges of the new institutional cycle - The Catholic Church in the European Union - December 4th, 2024 [December 4th, 2024]
- Georgia suspends talks on joining the European Union and accuses the bloc of blackmail - The Associated Press - November 30th, 2024 [November 30th, 2024]
- An update on political advertising in the European Union - The Keyword - November 30th, 2024 [November 30th, 2024]