1- Extremes are on the rise everywhere in Europe. Ironically, the UE was founded in order to unite European countries and stop the wars, but now, political fools trying to keep it alive are actually making extremism rise in Europe, and will most likely be the cause for coming wars.
2- Interestingly, Euro-exit debate is now reaching Italy.
(Bloomberg) May 10, 2012 — Italians should consider exiting the euro amid rising public debt and no signs of economic recovery, said Beppe Grillo, a comedian-turned-politician opposed to Prime Minister Mario Monti’s austerity measures.
“Let’s face the issue, it can’t be a taboo,” Grillo, 63, said in an interview yesterday after his Internet-based political movement emerged as the third-biggest party in local elections this week. “As debt rises, spending isn’t under control, businesses close down, labor cost is up, salaries are down and we don’t even have the power of bargaining our debt.”
His 5 Star Movement, founded in October 2009, is the latest grouping to profit from rising anger in Europe over tax increases, budget cuts and joblessness amid the sovereign debt crisis. [...]
Italy’s economy, which has trailed euro-area growth for more than a decade, is in its fourth recession since the single currency was introduced and will contract 1.2 percent this year, according to the government, which is implementing 20 billion euros ($25.9 billion) in austerity measures. Costs of servicing a debt of 1.9 trillion euros will climb to 5.3 percent of gross domestic product this year from 4.9 percent in 2011, government estimates show.
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