Sunday, February 9, 2014The prophet Napolitano in 1978 : "The euro that Germany wants will lead us to ruin "Napolitano Berlinguer
In 1978 the then deputy of the Italian Communist Party , Giorgio Napolitano showed his concerns about the single currency at the time embryonic continental fifteen years before Maastricht and twelve premiere of " The Euro threatens democracy " s ' "kill- unions " Margaret Thatcher. Perplexity far peregrine and which, at the time, prophesied that the German would embrace sooner or later became a vice lethal.
You read it in the transcript of the session of the Assembly of the Chamber of Deputies on 13 December 1978 beginning on page 24992 , in a discussion concerning the accession of Italy to the European Monetary System , which would come into force four months later. These are words that are surprising for their lucidity , because , without cutting the legs of net monetary union (as many Eurosceptics argue without reading them, of course) , they explain, indeed, prophesying the future of the then EEC at a distance of forty ' years.Giorgio Napolitano , while not rejecting the pro-European ideas , recalled that the construction of a monetary union could not be carried out in a hasty manner and , quoting the governor of the Bank of Italy , warned that " One of his failure would have serious repercussions on the functioning of the international monetary system and the possibility of economic progress of the construction of Europe. 'The negotiations , says Napolitano , however, took a wrong turn . The culprit ? Germany : " [ ...] from the summit came just a confirmation of the substantial resistance of the strongest countries , Germany, and in particular the German central bank , to assume actual and charges adequate to support a better balance between the developments in the economies of the countries of the Community. It 's so came to light a fundamental misunderstanding : that is, if the new system should help to ensure a more intensive development of the weaker countries of the Community, or should serve to ensure the strongest country , notwithstanding the non- expansionary policy of Germany, pushing a country like Italy to deflation . " Thirty-five years later we are exactly at this point, with countries like the PIIGS into economic depression and slowly brought to the final destination , or ladeflazione , that Greece is already beginning to experience .
The ideas of the future President of the Republic , interpreted in the spirit of 2013 , sound like a hammer on the head of those who participated in those negotiations ( as Andreotti , then president of the Council) , since they seem to chronicle our days. Paraphrasing Napolitano , "is not that this construction pro- German monetary union will eventually affect our gold reserves , leading us to lose competitiveness and thus force us to devalue the currency ." That's exactly what happened in the following years , until the devaluation of the pound in the early nineties (though, it should be noted , was not all the fault of the EMS , indeed , the corrottissimi Italian governments in the seventies and eighties had serious faults in the rapid development of the country but lopsided ) .But Napolitano with Chronovisor does not end here , in fact , after the devaluation is the chance that Italy could be forced to "take drastic maneuvers restrictive ." And here we see , by moving forward the tape of history, the Euro-tax Romano Prodi , which allowed us to join the euro ( along with some accounting trick Carlo Azeglio Ciampi ) and, after a decade of Berlusconi who , with his inaction proclamations made ​​only worsened the situation further , we come to the Monti government and its painful austerity : a choice, that of King George , we can imagine suffered as we emerge from the Chamber of December 1978 , because in the Berlusconi government austerity - Tremonti had tied the country in 2011, in a desperate attempt to stay afloat, while the spread climbed and the economy collapsed .We read again Napolitano : " The risk is that of seeing stagnant production , investment and employment instead of achieving a higher growth rate , to see go away , instead of approaching the solution of the problems of the South. "These risks , of course, were well known to the government of the time, even though , in the negotiations , they asked for transfers from richer areas to the less prosperous . An embryonic fiscal union , which today , as Europe continues to slide on bailouts that do not save anyone , you are asked to voice louder and louder , more and more deaf ears .Chiosa still Napolitano : "The truth is that perhaps [... ] we ended up putting the " bandwagon " of a monetary agreement before the " horse " of an agreement for the economies . " He rhetorically asks the Communist deputy , as ever all so much for pushing Italy into the euro ? And because Italy did not build on this interest to get a negotiation he came to conclusions less irresponsible ?Yeah, why? These are questions that we do today , and yet now we must ask ourselves : Italy is the euro , and this is a fact that can not, and should not change , since Italy and Europe as a whole imploderebbero , and a bang the consequences would be so strong that they would feel around the globe .Rather, it is necessary for the government of King George near future to follow the same policy that the young Neapolitan deputy brought forward in a classroom , however, deaf to these warnings : beat his fists on the table because it changes course , as the German-led Europe continues to make us crash into the iceberg . The hull of the euro is filling up with water : either we save all or sink together .The PDF of the operation is stored in the online archive of the Chamber of Deputies.