//
you're reading...
Italy, Politics

The public spending that Monti left untouched

Italy spends about Euros 23 billion annually on the military, making it among the top ten worldwide in terms of defence expenditure per GDP. But in the packet of swinging spending cuts pushed through by the Government of Mario Monti last month that budget was left untouched.

The country’s imperialist adventures such as the Nato war in Afghanistan (otherwise known as “peace missions”) cost hundreds of millions of euros a year. But it is the spending on hardware, like the order for 131 F35 fighter plans, with a price tag of Euros 15 billion, that’s burning the biggest hole in the stretched public finances.

The huge order for the Lockheed airborne killing machines is more than the Euros 12-13 billion of spending cuts passed by parliament last month that ends inflation-indexing for many pensioners, increases  the minimum pension age and, through cuts to central government transfers to local government, axes funding to health services and schools.

The Greens and other small left parties like Left Ecology Freedom and the Communists have lonng been campaigning for cuts to military spending, and that’s now been picked up by the larger Democrats, who are demanding that the Government curtails the generals’  ambitions.

For Angelo Bonelli, President of the Greens, it is “immoral” that its business as usual for armament companies who continue to make profits unfettered while “Italians must make heavy sacrifices” over pensions and healthcare. The Greens, who point out that just one F35 costs the same as building and running 83 nurseries, want to see immediate cuts of Euros 15 billion on armaments.

Premier Monti will be under pressure from the US not to dent the profits of multinational arms manufacturer Lockheed. But given the savage cuts to budgets that actually save, protect and develop – rather than end – lives, the Monti premier may struggle to duck the issue of downsizing  Italy’s war budget.

About revoltingeurope

Writer on Europe's Left, trade union and social movements @tomgilltweets or email revolting.europe@gmail.com

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Twitter Updates

Enter your email address to follow this blog and receive notifications of new posts by email.

Wealth Inequality in Europe

Get the key facts and figures

RADICAL VOICES

A different take on European issues

Italy’s Healthcare Crisis

Health services are ‘close to collapse’ in Rome, Turin and Naples after years of cuts and privatisation.

NO TO WATER PRIVATISATION

99% of the 167 000 Madrilenos who signed a petition rejected the sell off local water company

Filthy Rich

France's Bernard Arnault of the Louis Vuitton Moet Hennessy (LVMH) empire is worth $41 billion. Check out Europe's rich list

WORKERS FIGHTING BACK

Arménio Carlos of CGTP led a general strike in Portugal on March 22

FLORENCE’S BUS LUMACA

Workers are on a go-slow over privatisation

Massive Spanish protest

Half a million take to the streets over labour market deregulation

FRENCH FACTORY OCCUPATION

Hundreds of workers occupied the factory of ArcelorMittal in Florange in the north of France

International Workers Day 2012

International Workers Day 2012

DATA

Anti-social Europe in numbers

Workers down tools over PM Monti's attack on labour rights

Archives