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Italy Snubs Allies, Joins China's Belt and Road

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posted on Mar, 28 2019 @ 02:21 AM
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Italy is joining China's Belt and Road Initiative. Italy will be the first G7 country to join, You have to wonder if this is going to benefit both sides or only China in the end?

As the video points out Sri Lanka had joined up with China (99 yr lease) but has since then regretted making the deal with China.

Will it be Win-Win-Win?

or

Another Debt Trap?




posted on Mar, 28 2019 @ 03:11 AM
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a reply to: Lysergic


debt trap is mandatory, pasta and noodles optional.

btw do you know the eu are ceasing patrols of the med?

happy days are all ablaze.

f.



posted on Mar, 28 2019 @ 05:45 AM
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a reply to: Lysergic

This is more to do with Italy being deep in debt and desperate for jobs. The EU is peeved at them for their bad fiscal issues and Italy does NOT want to play. Very interesting.

BTW, Italy, France and Spain have unemployment over 10% and Greece is 19%. It will be interesting in watching how Brexit affects the EU.

www.forbes.com...



posted on Mar, 28 2019 @ 07:12 AM
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This is why the EU have constructed a deal so hard for the UK to swallow. Their strategy is to cause the chaos we see in parliament and ultimately to thwart Brexit. They know that the great EU experiment, a Nazi idea at heart, will start to fall apart if the UK is allowed to leave. Greece detest being in the EU on the ground, as do most Italians and Spanish. Even France is leaning towards leaving. Only the EU beauroceats continue to peddle the rotten dream. We have not been weakened by immigration, we are being angered by it, stirred by it and I fear an explosion will come.

The EU will whither and die in years to come. It will be a slow unwinding and potentially disasterous in its eventual demise. The cradle of art, philosophy and humanity we are also the masters of death, destruction and savagery. a reply to: lakenheath24


edit on 28-3-2019 by ARM1968 because: (no reason given)



posted on Mar, 28 2019 @ 07:28 AM
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originally posted by: ARM1968
..They know that the great EU experiment, a Nazi idea at heart,..




Ahahahaha. No.
Haven't read further.



posted on Mar, 28 2019 @ 07:47 AM
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originally posted by: lakenheath24
a reply to: Lysergic

This is more to do with Italy being deep in debt and desperate for jobs. The EU is peeved at them for their bad fiscal issues and Italy does NOT want to play. Very interesting.

BTW, Italy, France and Spain have unemployment over 10% and Greece is 19%. It will be interesting in watching how Brexit affects the EU.

www.forbes.com...


If there is a brexit. I don't mean to antagonize, but the british seem to be staring on in stupefied wonder as may lies, lies, lies, lies, and betrays them all and seems to be getting away with it.

We have the same problem here in the USA. Most people aren't as stupid as they seem. Most people know the government is corrupt, our politicians are liars, and stabbing us in the back has become the norm. They value freedom, they value our Constitution, but they talk the talk and then run and hide under their bed when people start to get angry or offended.

The last person to seriously fight the government was Timothy McVeigh.

Occupy Wall Street isn't even worth mentioning. A bunch of bums lived in homeless destitution, covered in their own piss and # as the rich laughed at them. It accomplished nothing.



posted on Mar, 28 2019 @ 08:13 AM
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Good for Italy it is smart move; the U.S “old toothless lion” keep roaring in distances and vassal state the EU generally running after what roaring lion cry for.


China is like new and fresh blood in veins.



posted on Mar, 28 2019 @ 08:16 AM
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a reply to: ARM1968

I say good on Italy if it brings in jobs. I remember being in Spain in the nineties and unemplyment was double digits back then.

I have read that a recession would kill the EU as interest rates are next to nothing as is.

And yes...the cradle if the renaiansance(sp)! I love Italy...but the EU is a German invention. They are the only ones seeming to benefit from it.



posted on Mar, 28 2019 @ 10:06 AM
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originally posted by: Lysergic
...
Will it be Win-Win-Win?


Or will it be wrong-wrong-wrong.

(That should definitely NOT be pronounced: Wong.)

Am not expecting the Chinese to be any better creditors than the IMF, so yeah: possibly future generations on Italians will be crushed by high-interest loans, that served only the transportation infrastructure of the new masters.



posted on Mar, 28 2019 @ 11:25 AM
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a reply to: ManFromEurope

Linked document is PDF, sorry but useful to anyone wanting to know more about historical context of EU and to shatter any myths the EU is not a Nazi construct.


Seven decades after Hallstein outlined his vision of Europe in this speech it is close to becoming reality. Sarkozy, Merkel, Berlusconi and other politicians are ruthlessly carrying out the orders of the Oil and Drug Cartel.
It is no coincidence that these very same politicians have been coercing other political leaders into signing the Enabling Act for the Cartel’s take-over of Europe, the so called ‘Lisbon Treaty’.
Since these politicians did not have the courage to resist the coercion of the Cartel’s stakeholders, the people of Europe
have to make a decision: Accept this corporate dictatorship over Europe – or protect our fundamental right to democracy for this generation of Europeans and all those yet to come.
www.reject-the-eu.co.uk...


From this website: www.reject-the-eu.co.uk...



edit on 28/3/2019 by teapot because: link



posted on Mar, 28 2019 @ 03:33 PM
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Been keeping track of this and I have to say, Italy is totally getting the shaft, respectfully.

When considering geopolitics and other national interest, we have to consider that China is in it for its self. Of course that is to be expected, however we have learned through the rise of American global power, that American altruism is real and of course attached to the vast majority of things we do. Considering this, there is a stark contrast to what an Chicom age would be like to an American one, currently as is.


Back on track, a recent article I read had an excellent summation of President Xi's time in Europe, aptly titled, "Xi Jinping in Europe: A Tale of Two Countries.


Source: thediplomat.com...

The article dwells onto the fact that Italy is the first G-7 nation to sign with Chinas silk road and belt initiative, this is China's foundation and groundwork for what they perceive as their first foray as an emerging superpower and will assist in that regard to make sure all commerce ends up in China. However, no major western nation has signed onto the deal and for good measure.

Italy signs deals with China at around a modest 2.5 billion US, rolls out the red carpet fit for a king of the olden days, merchandise and two ports to boot. Prior expectations were suggesting around 7 billion in deals, obviously that didn't happen, leaving some feeling that, "Rome may have sold its cooperation too cheaply." (Tiezzi et al)

"Xi was roundly feted in the Italian capital, on par with the treatment normally granted to visiting monarchs. In return, Chinese and Italian companies signed deals worth 2.5 billion euros ($2.8 billion), including agreements for Italy’s Cassa Depositi e Prestiti (CDP) to sell “Panda” bands and cooperate with China’s Silk Road Fund on international investments and for Italian railways and airports to boost Chinese tourism through cooperation with the online travel agency Ctrip. Most directly tied to the BRI, China Communications Construction Company (CCCC) signed agreements with Trieste and Genoa ports." (Tiezzi et al)

All in all, Rome is left with a 2.5 Billion dollar figure, for all its worth with China.

By contrast, Xi's trip to France was much different. President Macron made a show of solidarity and European unity by inviting both Merkal and EU Commisioner Juncker, here their stance was much more tougher and confrontational, going as far as indicating their interest in the silk road, but would rather see first how it will benefit the EU as a whole.
“We, as Europeans, want to play an active part [in the Belt and Road project],” Merkel said. “That must lead to a certain reciprocity, and we are still wrangling over that a bit.” (Tiezzi et al)

They also talked about modernizing the WTO for transparancy and also China's terrible human rights record, all this was brought up as major talking points. Their reward?

"...And yet, perplexingly, France’s reward for this more confrontational stance far surpassed Italy’s payment for its warm BRI embrace. France and China signed deals worth 40 billions euros during Xi’s visit – more than double even Di Maio’s hypothetical, maybe-someday top figure for the China-Italy deals. The vast majority of that value – 30 billion euros — came from a single agreement for China to purchase planes from Airbus. But even if that contract is excluded from France’s haul, that still leaves 10 billion euros in other deals – over four times Italy’s total." (Tiezzi et al)

40 BILLION > 2.5 BILLION

In conclusion, embracing China right off the bat isn't a gurantee or golden ticket worth billinos in trade deals, in fact, some may end up in debt as poland and other countries are now just finding out. One thing to consider is for all the spread that italy busted out for china, they are pushing oranges while France is selling airplanes.



posted on Mar, 29 2019 @ 06:11 AM
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originally posted by: Arnie123

When considering geopolitics and other national interest, we have to consider that China is in it for its self. Of course that is to be expected, however we have learned through the rise of American global power, that American altruism is real and of course attached to the vast majority of things we do.



Lolz
altruism my arse.
It not altruism that's reduced Iraq, Syria and half the world to a number out stone age.



posted on Mar, 29 2019 @ 09:51 AM
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originally posted by: lakenheath24
This is more to do with Italy being deep in debt and desperate for jobs.


Since joining the Eurozone two decades ago Italy - like other nations in Europe - has stagnated. Germany has done very well, but is disinterested by the fact that the Eurozone is a disaster because it's not a disaster for them.

Linking with China is just putting a foot in another camp. However, other countries - notably in Africa - who have collaborated with China seem to have sold their souls for no real benefit, in a kind of neocolonialism, where China takes, takes and take a bit more for sod all, except a new railway that does not work. Hopefully Italy will be a bit more intelligent.



posted on Mar, 29 2019 @ 09:59 AM
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originally posted by: osoespacialpoco

originally posted by: Arnie123

When considering geopolitics and other national interest, we have to consider that China is in it for its self. Of course that is to be expected, however we have learned through the rise of American global power, that American altruism is real and of course attached to the vast majority of things we do.



Lolz
altruism my arse.
It not altruism that's reduced Iraq, Syria and half the world to a number out stone age.
Wow, two countries compared to YEARS OF HUMANITARIAN AID, cut that BS out.



posted on Mar, 29 2019 @ 11:49 AM
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originally posted by: paraphi

originally posted by: lakenheath24
This is more to do with Italy being deep in debt and desperate for jobs.


Since joining the Eurozone two decades ago Italy - like other nations in Europe - has stagnated. Germany has done very well, but is disinterested by the fact that the Eurozone is a disaster because it's not a disaster for them.

Linking with China is just putting a foot in another camp. However, other countries - notably in Africa - who have collaborated with China seem to have sold their souls for no real benefit, in a kind of neocolonialism, where China takes, takes and take a bit more for sod all, except a new railway that does not work. Hopefully Italy will be a bit more intelligent.


Yaaa, no. China helped Africa developed a proper tourist industry. China is still much better than US. US just goes there to cause civil wars. Like all the dead African warlords who were supported by US arms industry. Once China is in. Africa has been quite quiet for now except for the ISIS issue which has been given weapons by the US arms industry again. Italy is making a smart move. No more civil wars. China doesn't do that divide and conquer #. They prefer united allies.
edit on 29-3-2019 by makemap because: (no reason given)



posted on Mar, 29 2019 @ 11:59 AM
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originally posted by: makemap

originally posted by: paraphi

originally posted by: lakenheath24
This is more to do with Italy being deep in debt and desperate for jobs.


Since joining the Eurozone two decades ago Italy - like other nations in Europe - has stagnated. Germany has done very well, but is disinterested by the fact that the Eurozone is a disaster because it's not a disaster for them.

Linking with China is just putting a foot in another camp. However, other countries - notably in Africa - who have collaborated with China seem to have sold their souls for no real benefit, in a kind of neocolonialism, where China takes, takes and take a bit more for sod all, except a new railway that does not work. Hopefully Italy will be a bit more intelligent.


Yaaa, no. China helped Africa developed a proper tourist industry. China is still much better than US. US just goes there to cause civil wars. Like all the dead African warlords who were supported by US arms industry.
lol, what?

"The name surfaced in the title of a 2017 analysisby an Indian strategic commentator that argued China was offering funding for unsound projects to secure Chinese access to resources or local markets, rather than to help local economies, and as a result “countries are becoming ensnared in a debt trap that leaves them vulnerable to China’s influence.” At the close of that year, when a cash-strapped Sri Lanka handed over its China-financed port to a Chinese state-run company on a 99-year lease, the line of argument looked ominously prescient." (Lindberg Lahiri Et al)

Source: qz.com...

Many countries in Africa, as of last year, are becoming woke to these practices.

US has a lot of deals with Africa and are a major partner for them.

Africans cause their own wars between themselves, see Congo.







 
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