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@AndrewKeinsley Salvini's main economic advisor, Claudio #Borghi, is virulently anti-euro and has been advocating for years the introduction of small-denomination government bonds issued initially as a means to pay the administration's debts toward many domestic creditors. >
@AndrewKeinsley These small bonds (#minibots) would be accepted by the government in payment for taxes. In Borghi's own words, they would create circulation of a parallel liquid instrument that would eventually facilitate the country's exit from the euro. >
@AndrewKeinsley This plan has been known for a while. On May 30, the entire lower Chamber of the Italian parliament voted unanimously in favor of a motion that, among other things, supports the creation of the minibots. >
@AndrewKeinsley The motion is not binding, but it has significant political value--for instance, by allowing Salvini and co. to claim that the idea has/had unanimous parliamentary support. It is astonishing that opposition parties voted in support of the motion. >
@AndrewKeinsley The motion caught even the government's own Ministry of Economy and Finance (MEF) by surprise. MEF issued a statement to clarify that there's no need for these minibots, and opposition politicians have been trying to clean the mess (with little success, I'd say). >
@AndrewKeinsley Apparently, the yes vote by the opposition was the result of most members actually having no idea what they were voting on. (!!!) Meanwhile, Mr. Borghi is happy, since a step (apparently small but still meaningful) toward his Italexit goal has been accomplished.
Hope this helps.
Hope this helps.
@AndrewKeinsley Forgot to mention: Borghi is now a member of the House and heads its Budget Committee. His pal #Bagnai (similarly anti-euro) heads the Senate's Budget Committee. We are in the hands of crackpots!
