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Mes, festival of hoaxes by Salvini and FdI who shamelessly try to make Giorgetti the scapegoat

Salvini and the Brothers of Italy try to justify the rejection of the ESM by trampling on reality but unfortunately our country will pay the price

Mes, festival of hoaxes by Salvini and FdI who shamelessly try to make Giorgetti the scapegoat

“As a minister I would have said yes to Month but there was no air": the words of the Minister of Economy the following day are almost tender, Giancarlo Giorgetti, perhaps the least guilty of the surprising parliamentary rejection of the ESM, ardently desired by the League of Matteo Salvini and recklessly seconded by the prime minister Giorgia Meloni. But what air is Giorgetti talking about? Just scroll through the statements of Salvini, of his pasdaran Claudio Borghi and of Meloni's right arm at Palazzo Chigi, Gianbattista Fazzolari, to understand it. “Pensioners and workers will not risk paying for the bailout of foreign banks” Salvini boldly claims but, from the columns of Corriere della Sera, the aim Federico Fubini piece by piece he dismantles this arbitrary thesis, recalling that, on the contrary, with the reform "the ESM could stem credit crises through loans to the Single Resolution Fund (financed by euro area banks), which is then required to repay by three or five years." Translated: with the ESM reform, any banking crises would not be paid for by states and taxpayers but by the Single Fund financed by the banks. The exact opposite of what Salvini says and which, wrongly, Fazzolari also supports. Both seem incredibly to forget that the stability of Italian banks also depended on the almost one trillion transfers from the ECB in the form of purchases of our government bonds, not to mention the rain of money that Europe guaranteed Italy with the Pnrr . Is it ignorance or bad faith on the part of the Italian far right? A little of one or a little of the other. They are people bewitched by the false theories of Borghi, the former Northern League broker, who dreams of a return to the lira, and who love to see blood flow. Unfortunately it is that of Italy. Down from the ravine without mercy.

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