|
|
The Trends Journal has been covering the dramatic shift in the Italian parliament and its embrace of the European Union after Mario Draghi was sworn in as the country’s prime minister.
In our 23 February report, “DRAGHI: BANKSTER CONTROL OF ITALIA,” we pointed out that Draghi, who most recently was President of the European Central Bank, served as Vice Chairman of Goldman Sachs International, was former Governor of the Bank of Italy, and worked for the World Bank, etc., with an unblemished Bankster track record… symbolizes the destruction of the anti-euro, anti-eurozone, anti-immigration populist movements when their leaders voted Draghi into office.
After accepting the nomination, Mr. Draghi announced,
“This government emerges on the basis of our country’s membership in the European Union and the Atlantic alliance… Supporting this government means sharing the irreversibility of the decision for the euro, it means sharing the view of an increasingly integrated European Union.”
The Financial Times reported that Draghi’s emergence has “shaken up Italian politics,” and said, “the country’s once determinedly Eurosceptic parties are now barely recognizable.”
Repeating what we had forecast last week, the FT pointed out that the once-upon-a-time surge in the 2018 election for politicians who no longer wanted to rely on fiscal rules doled out from Brussels seems to be at its nadir. The two populist parties, The League party and the Five Star Movement, have taken a middle-of-the-road government path.
Roberta Pinotti, an Italian politician and member of the Democratic Party, told the FT that Draghi may be giving these parties a chance to rebrand themselves “in terms of ideas both to reposition themselves and work efficiently in parliament.”
Rather than calling the destruction of the populist movements, she rebranded them as a “maturing of all the political forces.”
Elena Pavan, a League mayor, told the FT,
“We have seen that extremism leads nowhere if you want to build something… Politics is looking for answers to concrete problems like never before, and I believe that all parties have chosen a sense of responsibility and entrusting themselves to Draghi.”
Citing unnamed sources, the FT reported that Five Star is working on a political makeover and will likely shed its radical ways and embrace a more mainstream position.
The Five Star Movement, an online movement founded by comedian Beppe Grillo, attracted 32.7 percent of the vote in 2018, but it has seen its support slip to about 15 percent in recent days. Following the announcement of former Prime Minister Giuseppe Conte to take the leadership role, an SWG poll showed the party could now gain 6 percent.
TREND FORECAST: Earlier this month, the Trends Journal forecast that the populist movement in Italy is dead and “the Banksters are in charge of Italy.” Despite both the Five Star Movement and the Northern League, movements that had campaigned on breaking away from the European Union, doing away with the euro, and restoring the lira… both parties voted for Draghi to become Prime Minister. Thus, the populist movements and what they pretended to represent are dead in Italy.
Alessandro Zan, an MP from the Democratic party, told the FT last week that the coronavirus outbreak has played a major role in the political shifts in the country, and the “great shock” has led to a “collegiality that until a few years ago was not seen, or did not exist at all.”
With Prime Minister Draghi having now ordered much of Italy to again lock down, we forecast there will be a reinvigoration of populist movements in Italy and other locked-down nations as the socioeconomic toll of their draconian measures sinks nations deep into the “Greatest Depression.”