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Italy

EU Treaty an ‘expropriation of Italian sovereignty’

Italian Communists start campaign for referendum on Treaty

The EU ‘fiscal compact’  approved yesterday by Brussels is a ‘real disaster for Italy’, said Paolo Ferrero, leader of the Communist Refoundation party.

It will lead to a 3% – or Euros 40 billion – annual cut to spending, he said.

‘It will result in a downward spiral of spending cuts-recession-spending cuts from which Italy will not emerge. Monti lies knowing he lies when he claims Italy can cope through growth. It is precisely this pact that will make it mathematically impossible to grow because of the size of cuts.

‘The adhesion to this ideological nonsense will lead to an irreversible and complete expropriation of Italian sovereignty.

‘For this reason we are demanding that the Italian people have their say through a popular referendum. It would be a real coup d’état for a government that wasn’t elected to sign a treaty that abolishes for decades the sovereignty of the Italian state and reduces Italians to a state of poverty.’

Yesterday activists for the ‘No Debt’ movement and Communist Refoundation protested in front of the seat of the European Commission in Rome and launched a call for signatures for a referendum request. Video of the protest ( in Italian ) here:

Communist Refoundation website

More reactions to the EU ‘fiscal compact’ here

About revoltingeurope

Writer on Europe's Left, trade union and social movements @tomgilltweets or @revoltingeurope

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