A Tale about How Italy and the European Union Measured Sovereignty
The next meeting of the European Council, set to take place on June 28, 2018, promises ... ... expected to include the following points:
1) The cancellation of Italy’s €250-billion debt to the European Central Bank (ECB);
2) The abolition of the financial and budgetary restrictions established by the 1992 Treaty of Maastricht, which Italy and ...
... In this situation, the state inevitably begins to rely on foreign demand, thus exacerbating the debt problem even more. The European Union’s economic and political establishment viewed this phenomenon through the prism of the poor management of ... ... concerning the possibility that the affected state may leave the Eurozone. It should be noted that the European Central Bank (ECB), the only lender of last resort for the Eurozone members, played a key role in preventing Greece from defaulting. However,...