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back to index backEUROtalk October,  2016


Italy, the sick man of Europe?

Nearly half of Italy's population wants to leave the EU, the country's economy is among the worst in the eurozone. Can the government solve this? Sandro Gozi, European Affairs Minister, is on Conflict Zone this week.

"We need to relaunch the European integration process," the Italian European Affairs Minister Sandro Gozi told DW's Conflict Zone.

Referring to Germany's vice-chancellor Sigmar Gabriel, who said that the EU would go "down the drain" unless more EU states were kept from following Britain's lead, Gozi acknowledged the Union was in a "delicate phase" and could not afford to maintain "the status quo".

But a poll in May of this year showed that 48 percent of the Italian public would like to leave the EU, especially members of the Eurosceptic Five Star Movement. Minister Gozi told Tim Sebastian: "I love too much my country to let my country go towards suicide." And referring to Brexit he said: "I fully respect the British choice, I think that it is a deeply wrong choice."

But many Italians have grown frustrated over the EU's failure to look after the refugees and migrants arriving on Italian shores and turning down the country's requests for financial assistance.

Blame it on Brexit?

In June of this year, Renzi asked the EU to suspend state aid rules and allow Rome to lead a recapitalization of Italy's weakest banks. Angela Merkel turned down the request saying: "We wrote the rules for the credit system. We cannot change them every two years." The Italian Prime Minister Matteo Renzi said the uncertainty prior to Britain's EU Referendum was one reason why Italy's economy is struggling to pick up.

To read entire article, and to watch video interview, please click here.

Source: Deutsche Welle
- GAI





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