Wednesday, March 6, 2019

Italy gives the middle finger to both the U.S. and EU by joining China's Silk Road project

In a move that is sure to cause both consternation and apoplexy within both Brussels and Washington, Italy has officially announced they intend to join China's global Belt and Road project.

The Belt and Road initiative, or also known as the Silk Road 2.0, is a global trade route being built between South Korea and the UK, and would expand trade potential between Europe, Eurasia, and the Far East several fold.

Italy is planning to formally back China’s multi-trillion-dollar Belt and Road Initiative (BRI). It would become the first G7 nation to join the ambitious project which promises to significantly boost global trade. 
Rome is preparing to sign a memorandum of understanding to officially support the project, championed by Chinese President Xi Jinping, by the end of March, according to Michele Geraci, undersecretary in Italy’s Ministry of Economic Development as quoted by FT. 
“We want to make sure that ‘Made in Italy’ products can have more success in terms of export volume to China, which is the fastest-growing market in the world.” – Russia Today
With both France and Germany seeking to integrate ALL European budgets and economies under the EU banner, one wonders how long Italy may even stay within the Union if Brussels attempts to put pressure on their signing this trade agreement which will be outside the authority of the EU.

1 comments:

As per reports published in news media on 18 March 2019 , Italy is poised to sign an MOU with China concerning its support for the Belt and Road initiative during the visit of Chinese President Xi Jinping to Rome on 22 and 23 March , 2019. It is said that other EU countries seem to have reservations on Italy’s new initiative in trade. In other words , the news has triggered a strategic discussion on Sino- European relations. These developments are not different from what this Vedic astrology writer had predicted through article - “ Vedic astrology view for Italy in soon coming year 2019” - brought to public domain last year in October -November 2018. The related text in the article reads like this :-
“ Foreign policy during the year is likely to keep in view emerging necessities of tilting a bit from the usualness or tradition , making it more practical. In other words , accommodating new ideas having something to do with the contemporary trends in the rest of the world may be in focus. As such , Italy could come more closer to powerful global community of nations during the year , more so in June to September of 2019”. It seems the predictive tips have been meaningful and indicative.

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