Can Italy enforce its budget?
Italy's budget of the Right and the Five Stars focuses on investing in infrastructure and stimulating demand by strengthening the purchasing power of the masses of people, the only way to stimulate economic activity, but it is also the opposite of the neoliberal regime that governs the EU and Imposing Germany on other countries.
The deflationary development that was enshrined in the introduction of the euro in the EU promotes the financial strength of large corporations and weakens the supply of the broad masses: school buildings and streets are falling, pensions no longer grow, wages remain low and the low-wage sector becomes getting bigger.
A budget-driven upswing in Italy could develop a dynamic that would pose a threat to the neoliberal regime of the EU and Germany's dominance. It is also feared that conclusions could be drawn about the internal distribution of power between the individual classes of society. That is why the mainstream media (FAZ, Süddeutsche and Spiegel) are drooling, writing about debt and calling for coercive measures from the EU. As in the case of Greece, they claim that the Italians would live at “our” expense in order to end up having parts of the people, as in Greece, rummage through trash cans to find something to eat.
The left Syriza was too weak to assert itself against the united neoliberal regime of the rest of Europe. If Italy's right-wing populists were to succeed in consistently sticking to their line and regaining national sovereignty in economic policy, the euro could no longer be held in its current form. The tentative attempts by France to break the neoliberal corset would become a powerful force. That would not remain without consequences for the internal distribution of power between the classes.
The EU will uncompromisingly defend its line (see Brexit). What options would Italy have to prevail?
Italy's government can insist on its budget, with the result of the exit from the euro, but also the possibility of shaking off the neo-liberal regime and achieving a revival through state investment. Or she lingers, the misery of the masses remains unchanged and the voters will be disappointed. The mass media are already preparing for this but only with limited success, the credibility decreases, because the alternative media hold against it. The political class and the mainstream media tell the people that austerity is the normal state of capitalism, so they are right. But bigger and bigger parts do not want to endure this anymore, become more confident and see through the game.