One of the most important consequences of the beginning of the Trump presidency is that the last pillar of the old European diplomacy is gone. The new POTUS openly dislikes NATO, will support a new age of economic protectionism (Buy American! Anybody out there remembers this catch phrase?) and is ready to redesign the US foreign policy.
The Pendulum swings to the right
The political pendulum is swinging to the right side in Europe, the real deal now is to understand to what extent and to what consequences.
In the last ten years, the far right-wing parties in the Old-and-not-so-merry continent are booming and it’s quite likely that we will see one or more of the biggest countries in Europe going full throttle in that direction in a matter of five or fewer years. Bookmark the next round of presidential elections in France (2017) and the general political elections in Germany (also 2017) to check out what will become the European future.
The future lies in Greece
This will be the last post of this year and my choice is to dedicate it to the Greeks. Yes, to the people of a country that has been almost destroyed in the last years for economic reasons, for the people who has seen everything change for the worst and left behind to pay errors committed in many places out its boundaries. It’s a tiny nation, with less than eleven millions people who found themselves deep down a national debt like never before.
What we need and what we got
Italy is in the middle of a huge economic crisis, it’s on the top of a 200+ billion euro national debt, it’s at the very bottom of all international economic charts when it comes to growth. To be all clear, we’re facing a major disaster here. A disaster that will not be limited by our borders since we’re still a pillar in the European Union and a key country in the economic world scene. Got the first picture?
The tax war
Beneath the surface of all EU regulations, under the shadows of many thousands of different laws there’s a war, a stark conflict inside the borders of European Union. It’s an economic war, fought year after year in Bruxelles and in all the EU capitals, no matter what government is actually in power.