Michael Portillo warns of ‘political dynamite’ in Italy as frustration grows towards EU | World | News

Michael Portillo questioned whether the inclusion of repayments of loans in the EU coronavirus fund could cause issues in Italy. The Times Radio host admitted Italy’s economy is currently sensitive and the country was massively hit by the coronavirus crisis. However, while speaking with Times Radio special correspondent Ross Kempsell, Mr Portillo claimed attitudes in Italy ould change towards the EU as they attempt to make repayments to the EU, recover from coronavirus and possibly have their countries spending monitored by the other member states.

Mr Portillo said: “Just thinking about what the Italians might think of this.

“I think in the political culture of Italy right now the idea of repaying loans to the EU, which comes with conditions and schedules and people from the European Union looking over their shoulder telling them whether they should cut this, that or the other, is changing.

“This is political dynamite in Italy, isn’t it?”

Mr Kempsell agreed and outlined how attitudes towards the EU may shift as Italy is forced to make loan repayments while attempting to recover from the coronavirus crisis.

DON’T MISS: Portillo reveals how EU forced to take compensate without UK

He said: “Yes, it is as one of the key domestic questions in Italy and it was around the issue of the emergency brake.

“It was one of the discussions at the recent summit.

“They discussed whether there should be an emergency brake of money.

“Spain and Italy had rejected a call for that, for a veto on spending as this package is in progress.

Mr Portillo also argued it was good Britain was no longer part of the EU and would have no part in its political and economic crisis.

The former Tory Cabinet Minister said: “I supported Brexit and I would have been inclined were I still in government to make two points.

“First, that the UK is very well out of this recovery deal, that we are not liable for our share of this 750 billion euros.

“Second, as was being warned, the EU is under pressure to integrate, to become more federal.

“It is a political union as well as a fiscal union and unless it does integrate, the euro may not survive the strains.”

Source link