Follow Us

Tuesday, May 26, 2020

May 26, 2020

EUROPE could be facing another crisis if Italians decide to leave the bloc in protest over the lack of support for the nation during the COVID-19 pandemic, pro-EU billionaire, George Soros has warned.
Mr Soros admitted he was concerned for the country which has been one of the hardest hit on the continent. With a founding member of the EU leaving the bloc, Mr Soros told Dutch newspaper, De Telegraaf it could put the future of the entire union into question. Following his warning, asked, ‘Do you think Italy leaving Brussels will signal the end of the EU?'

In response, 6,550 out of 7,602 believed Italy’s exit would see the end of the EU.

A further 910 voted ‘no’ while 142 were not sure.

One person commented: “Italy is the 3rd largest contributor to the EU, behind Germany and the UK.

“The EU are treating them in a disgusting manner - get out now Italy.

“End the EU in a spectacular fashion. Don't give in to them again.”

Another said: “Just goes to show that when it comes to the crunch, the only solidarity from the EU is for its own survival.”

A third said: “Of course The EU will collapse.

“Only 10 countries pay into the EU, two of the largest subscribers leaving will have devastating consequences, but the EU won’t listen and won’t change the things that are wrong with the EU.”

A fourth said: “We are watching history in the making, the EU is crumbling, and we have a ringside seat to watch it total collapse.”

The EU has faced severe pressure over the lack of support for both Italy and Spain during the pandemic.

Although the EU will put forward a €500bn (£446billion) economic recovery fund this week, Italy’s Prime Minister, Giuseppe Conte has previously criticised the bloc for the lack of action earlier on.

European Commission President, Ursula von der Leyen, will put forward the package proposed by Angela Merkel and Emmanuel Macron.

However, following the refugee crisis and current virus pandemic, Mr Soros stated the EU could lose one of its original members.

He said: “The EU enforced the so-called Dublin Regulations that put all the burden on the countries where refugees first landed and did not offer any financial burden sharing.

“That is when Italians decide to vote for Matteo Salvini’s Lega and the Five Star Movement in a landslide.

“More recently, the relaxation of state aid rules, which favour Germany, has been particularly unfair to Italy, which was already the sick man of Europe and then the hardest hit by COVID-19.”

A survey conducted by Tecne, showed from 1,000 asked between April 9-10, 49 percent favoured an exit from the EU.

This represents an increase of 20 percent from a similar survey in November 2018.

In light of the growing scepticism towards the EU, Thomas Wieser, the euro area’s chief official stated the bloc must put forward a suitable package in order to save the EU.

He told the Financial Times: “If we get this wrong it will ruin the political atmosphere for decades, literally decades.

“Loans are easy because they are free.

“But when it comes to true solidarity and help, nothing is free.

“And true solidarity is what is needed now.”