Sarkozy admits he hatched a coup in Italy, as if nothing had happened –

2023-08-28 00:27:40

The article published on “The Independent” on August 23, 2023 and written by Giorgia Audiello, it reports the key points of the book by former French president Nicolas Sarkozy entitled “The time of battles”. In this book, Sarkozy confirms that the fall of the Berlusconi government in November 2011 was orchestrated by the Franco-German axis to impose austerity on Italy through the use of financial instruments, in particular the leverage of the spread and the public debt crisis.

According to Sarkozy, this fall was in fact a disguised coup, carried out under the guise of a need to avoid a supposed failure. The goal was to oust a democratically elected government and replace it with a caretaker government. This strategy was also implemented in parallel in Greece, where it led to the resignation of Socialist Prime Minister Giorgos Papandreu.

The sovereign debt crisis that followed the 2008 economic recession had made states vulnerable to financial speculation. The article explains that it was precisely the action of the Deutsche Bank and the ECB, under the direction of the Franco-German axis, that caused the spread to widen. The article underlines that the financial maneuvers implemented by these institutions have increased the spread between Italian and German government bonds. These actions were aimed at imposing an austerity regime on Italy and slowing down the country’s economic development.

Sarkozy indirectly admits that the Franco-German moves caused the spread to widen and the political pressures that led to Berlusconi’s resignation. The former French president describes the meeting with Berlusconi as acrimonious and describes him as “pathetic and delusional”, stressing that the Franco-German strategy had been necessary but cruel.

The architects of this strategy have been identified in the former governor of the International Monetary Fund Christine Lagarde and in the former president of the European Central Bank Jean-Claude Trichet, both French. The article concludes by emphasizing that the Italian political class has not been united in its resistance against this external action and that the spread crisis has only been resolved with the intervention of the ECB led by Mario Draghi.

This 2011 episode is cited as an example of how finance can influence the fate of legitimate governments and undermine democratic processes within EU member states. But above all it indicates the level of submission and dependence of Italy which will not react to these revelations.