Italian president seeks way out of political stalemate … Italy's political stalemate and the prospect of months of uncertainty has created alarm across Europe just as the standoff over bank deposits in Cyprus reawakened fears that the euro zone debt crisis could flare up again … However, there has been no sign that an accord is possible with either former Prime Minister Silvio Berlusconi's center-right alliance, the second biggest force in parliament, or the anti-establishment 5-Star Movement led by ex-comic Beppe Grillo, which holds the balance of power. If no agreement can be struck between parties that are bitterly divided, Italy faces the prospect of new elections. – Reuters
Dominant Social Theme: Men of good will can come together for the good of the state.
Free-Market Analysis: Let us see if Italy can form a government or if Beppe Grillo's stubbornness will scupper any such arrangement. If we are correct in our analysis about Grillo, he is actually a kind of political saboteur that has been put in place by powerful Eurocrats to create further Euro-chaos.
Why would Brussels and the globalists backing the European Union want more chaos? Well … the idea (see other article this issue) is perhaps to deepen the political crisis, thus creating additional justifications for Brussels to announce further emergency powers warranted by the situation.
This sounds absurd but top EU leaders are on record explaining that only a deep economic crisis can deliver to Brussels the power it wants and craves. We've also pointed out that the globalist power behind Grillo includes such eminent financiers and George Soros and top economists like Joseph Stiglitz are backing Grillo.
Here's more from the article:
Napolitano also meets minor parties, including Prime Minister Mario Monti's centrist group on Wednesday before the main meetings on Thursday when he sees representatives from the 5-Star Movement, Berlusconi's People of Freedom (PDL) party and Bersani's Democratic Party (PD) …
Italy, the euro zone's third-largest economy, can ill afford a prolonged political crisis after the turmoil which brought down Berlusconi's last government and dragged the single currency to the brink of disaster just 16 months ago.
Its economy is deep in recession, and unemployment is at record levels especially among the young. Its 2 trillion-euro ($2.6 trillion) public debt is dangerously vulnerable to bond market volatility and any sharp rise in interest rates.
However, far from prompting the parties to cooperate as they did when Monti's technocrat government took over from Berlusconi in 2011, the crisis appears to have deepened hostility.
Grillo, who has pledged not to give a vote of confidence to a government led by any other party, warned followers against falling into a "trap" after a handful of rebels voted with the center left in the election of the Senate speaker on Saturday.
Berlusconi, fighting a tax fraud conviction and facing trial for paying for sex with a minor, has demanded that the center right be allowed to name the next president when Napolitano's term ends on May 15, offering his support to a Bersani-led government in exchange.
That offer was rejected as "indecent" by the PD, prompting Berlusconi to pledge street protests if parliament appointed a center-left head of state.
A rally organized by the PDL, called "All for Silvio!" is already planned for Saturday to protest against what his supporters say is a political campaign by magistrates against the 76-year-old billionaire.
We have speculated in the past that Berlusconi is being targeted by various powerful enemies. He is not a natural ally of the European Union and has staked his current political fortunes on being anti-austerity.
The kind of legal barrage being aimed at Berlusconi is fairly unprecedented for a political leaders. For the most part, politicians tend to take care of their own, especially at the top, because those who have reached the pinnacle of power know enough to make the powers-that-be uncomfortable should they choose to share.
But Berlusconi's treatment is unusual in this regard. He has already been found guilty and is only free on appeal. And he is facing sex charges, as the article excerpt, above, mentions.
We can also see in this article how intransigent Grillo is being – calling negotiations "a trap." A number of days after election results and Grillo shows no sign of cooperating. This will probably exacerbate matters economic difficulties.
It would seem that Grillo may want new elections, gambling that he will receive more not less support as people's frustrations expand and Italy slides more deeply into an economic morass.
As we've already pointed out, Grillo's programs are far more radical than has thus been reported in the mainstream media and curiously, they dovetail with similar radical programs being suggested in the United States.
The idea basically is to expand government power enormously and give politicians the ability to print money at will. While this may sound absurd, Grillo's backers such as Soros and Stiglitz are apparently in favor of this sort of gambit.
Alternatively, Grillo can be cast as a kind of rogue fascist strongman that is the result of the unreasonableness of Italian voters.
He can be used a kind of metaphorical club to chase voters back to the logical technocratic center that Brussels really seeks. Either way, via Grillo, government and bureaucracy expand.
If we are correct, the next few weeks will tell the tale …