Italy’s economic growth is decelerating, which is even more inevitable in view of the country’s population decline. It looks as if the Italian business cycle had reached its peak in 2017, with a meagre 1.5% growth rate, and is now receding.
Within ten years, Italy will have business cycles with only negative highs and lows. Unemployment is at 10% and it cannot be tackled because Rome is prohibited by the European Union from following the Japanese monetary and fiscal policies to counter the financial fallout as a result of a declining population. Italian academia still believes that replacing the highly-efficient European workforce with Africans will stimulate future economic growth. Italy appears to have been deliberately flooded by Africans, while white workers from Italy are moving to Germany and the Netherlands.
Paolo Savona, the new Italian Minister of Economic Affairs, believes that Germany is executing the 1940 Walther Funk plan. Walther Funk was Director of the Bank of International Settlements and, in 1939, Hitler appointed him as the President of the Reichsbank. He laid down his views in a 2012 letter to his German and Italian friends.
“The Funk Plan, provided for national currencies to converge into the German mark’s area and this is what you would like and have partially achieved,” Paolo Savona wrote. “It also envisaged,” he continued, “that industrial development only pertained to yourselves and that you would only be accompanied by France, your historical ally, a solution now caused by the common European market and the single currency. The Plan wanted other countries to devote themselves to agriculture and tourist services, something that will happen out of necessity or because of a natural ‘calling’ and they will lend skilled labour to your leadership project.”
As it is, Paolo Savona, a representative of the Italian establishment, expressed the feeling of a big part of the Italian elite.
The establishment is divided over how to solve Italy’s demographic and economic problems. Matteo Renzi, previous Italian Prime Minister, believed that he could save the country by letting in hundreds of thousands of undocumented Africans. To show that they are committed to repopulate Italy with Africans, the Italian establishment appointed a Congo-born African woman as their Minister for Integration in 2013,