
Lessons from the Italian budget crisis
by Thomas Fazi
The tensions and contradictions within the European project, from Brexit and the Pasokification of social democracy to the rise of the right and the rollback of social Europe present very serious challenges to building left power across Europe. In this week’s guest post, journalist and filmmaker Thomas Fazi turns our attention towards the recent budget standoff between the Italian government and the European Commission. He argues that this example serves to highlight the arbitrary and undemocratic nature of economic governance within the eurozone and the EU more broadly. This, he concludes, may herald the ‘slow-motion implosion’ of the EU, with potential strategic lessons for the European left.
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