What does Italy's "parallel payment system" mean for the Euro and ECB?

His body is ready to be the new Duce.

>how are you this fucking new that you still believe (((allied propaganda)))

Italy spend for citizens less than what it collects with taxes since 25 years (avanzo primario)
This is NOT socialism, quite the opposite, please inform yourself cause you are a fucking retard, it’s government stealing private wealth from citizens cause it’s forced to do so
Italy is permanently under speculative attack since most of the taxes ends up being used to repay debts and interest rates are just crazy
Private savings are bleeding, salaries are bleeding and EU asks for more austerity
Italy has no central bank and no power to print money, so under this circumstances it’s easy to default
ECB simply don’t give a shit about nations but Euro currency
Please inform yourself, it’s because of you that EU will collapse

>his body

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Boy there was a shitton beforehand.
Read history books that are not approved for school teaching.

>Italy spend for citizens less than what it collects with taxes since 25 years (avanzo primario)
How did it get so deep in debt then?

I'm all for Italy giving the middle finger to banks that gave them money Italy likely couldn't and wouldn't repay, but if you're going to claim Italy dindu nuffin then please explain how it's in such deep debt.

Germany got too powerful and back again only because of that.
Of course they needed to put down which caused WW2 and everything related to it.

I don’t even need to bring up Poland and onwards what entitled him to take all of Czechoslovakia and not just the Sudetenland? It’s actually a farce how many times the “ebil bankers” gave him multiple chances and looked the other way to stop what he was doing.

>Poland
The Polish Corridor wasn't Poland.

And Czechoslovakia wasn’t Germany.

Natsoc logic: “5% of this country are Germans, that means I get to take it all!”

>How did it get so deep in debt then?
Just imagine Japan giving up BoJ and switch to ECB
What could go wrong?
Moody and S&P will immediately declass government bonds, interest rate would skyrocket to unsustainable levels since now the 220% public debt is not warranted by BoJ anymore
ECB will ask to reduce the debt, but debt is what is fueling growth
So Japan stops growing and BAM, you have no choise but exit the Eurozone or declare default

Not Poland

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Also, ECB is not protecting Italy from speculative attacks
And when they announced QE they tried to push money into the economies using the wrong intermediates (DB is clearly a good example).
DB buy Italian bonds with FREE MONEY from ECB and ask 3% interest rate
DB don’t insure itself using CDS to maximize gains (same with Greece and Turkey) since it knows EU will not allow a default but a permanent comatose state (like Greece, they will milk them forever now)
The rest of the money ends up in stock and indexes
Italy takes money from DB and uses the money from tax payers to repay the high interest rate
Economy slows down and bleed
Government bonds are declassed and ECB does nothing
Instead of boosting the Eurozone economies by fueling growth injecting money directly into the economies they give it for free to broken banks and they pump German DAX
How this system could ever work?
It’s set to fail, no matter what

Are you a pedantic retard, who gives a fuck about Poland, I’m talking about Czechoslovakia. Tell me what entitled Hitler to invade and take the whole country?

Italy is based. Germans won't be able to keep the continent enslaved to the Euro forever. The dispartieis between economies were too great and that was obvious from the start, implementing the Euro only further weakened the continent.

Hitler was bankrolled from the UK, and the banksters hoped he'd destroy the USSR and put an end to socialism (aka having 12 year old kids work seven days a week in factories at the time. Better than working seven days a week in mines a hundred years prior but still). Instead Hitler bit the hand that fed, and even so he did it reluctantly (allowing Dunkirk evacuation/etc...). In general, armies march away from the banks, not towards them. The idea that Hitler fought against bankers is historical revisionism and looking for what's not there.

Should have had southern and northern euro, too vast a difference between economies, of course the Germans benefited the most

Euro was pretty retarded from the start and became a bureaucratic monster

the euro wasn't germany's idea. france insisted on it at the 4+2 contracts

Euro A and Euro B is retarded as well
Especially after the “European Currency Snake” experiment failed miserably

Bump, guys this can be very interesting for the future.