ktlight
15th August 2011, 08:43
FYI:
The next nation on the bankster chopping block is now Italy; with the joke of a Prime Minister Silvio Berlusconi pretending to care about the massive spending cuts and tax increases imposed on his country thanks to the European Central Bank.
The corrupt European Central Bank pulled the strings of Berlusconi, demanding that he serve up the futures of all Italians on a silver platter to the cannibalistic banking cartels behind this financial crash. Per usual, Berlusconi licked the boots of his overlords and gladly implemented the austerity measures they demanded.
As if Berlusconi had any remaining credibility or if there was a single person who still thought he wasn’t a lying servant of the banking elite, he effectively shattered these delusions by saying the tax increases made his “heart drip blood”.
Yeah right, just like he had lied bald faced for years saying nonsense like that he would “never [put] his hand in the pockets of Italians,” all while he manipulates public opinion through his media empire in order to stay in power.
In exchange for the European Central Bank buying up Italian bonds in order to stabilize their high borrowing rates, Berlusconi agreed to cut 20 billion Euros in 2012 and another 25.5 billion Euros in 2013.
They will do this through imposing a “special levy” on those earning over 90,000 Euros, cuts in government services, raised taxes on returns from financial investments and the firing of a number of local politicians.
Obviously this will have the direct impact of removing what little representation the average Italian has in Italy even further, as if the European Union Committee dictatorship wasn’t exerting enough control over EU nations before.
The largest labor unions in Italy had made a pledge to oppose measures which would impact ordinary Italian citizens and the elderly, but clearly that had no impact whatsoever. When the people who are really in power demand something from a country, the leadership falls into line, or else.
Like America, the Italian economy is in a state of stagnation and consumer confidence is remarkably low. An economist at IHS Global Insight, Raj Badiani, told Reuters that the “tax hikes certainly won’t help the economy,” just like the increased burden would crush American taxpayers as well.
source to read more
http://www.activistpost.com/2011/08/italy-joins-austerity-bandwagon-at.html
The next nation on the bankster chopping block is now Italy; with the joke of a Prime Minister Silvio Berlusconi pretending to care about the massive spending cuts and tax increases imposed on his country thanks to the European Central Bank.
The corrupt European Central Bank pulled the strings of Berlusconi, demanding that he serve up the futures of all Italians on a silver platter to the cannibalistic banking cartels behind this financial crash. Per usual, Berlusconi licked the boots of his overlords and gladly implemented the austerity measures they demanded.
As if Berlusconi had any remaining credibility or if there was a single person who still thought he wasn’t a lying servant of the banking elite, he effectively shattered these delusions by saying the tax increases made his “heart drip blood”.
Yeah right, just like he had lied bald faced for years saying nonsense like that he would “never [put] his hand in the pockets of Italians,” all while he manipulates public opinion through his media empire in order to stay in power.
In exchange for the European Central Bank buying up Italian bonds in order to stabilize their high borrowing rates, Berlusconi agreed to cut 20 billion Euros in 2012 and another 25.5 billion Euros in 2013.
They will do this through imposing a “special levy” on those earning over 90,000 Euros, cuts in government services, raised taxes on returns from financial investments and the firing of a number of local politicians.
Obviously this will have the direct impact of removing what little representation the average Italian has in Italy even further, as if the European Union Committee dictatorship wasn’t exerting enough control over EU nations before.
The largest labor unions in Italy had made a pledge to oppose measures which would impact ordinary Italian citizens and the elderly, but clearly that had no impact whatsoever. When the people who are really in power demand something from a country, the leadership falls into line, or else.
Like America, the Italian economy is in a state of stagnation and consumer confidence is remarkably low. An economist at IHS Global Insight, Raj Badiani, told Reuters that the “tax hikes certainly won’t help the economy,” just like the increased burden would crush American taxpayers as well.
source to read more
http://www.activistpost.com/2011/08/italy-joins-austerity-bandwagon-at.html