Former European Commission President and ex-Italian Prime Minister Romano Prodi has called for a growth “pact” between France, Italy and Spain to press Germany to implement changes, including the introduction of eurobonds, during a conference that took place in Florence on May 9, on the occasion of the 62nd EU Birthday.
What was especially interesting were his comments on the Greek “disease.”
“If Greece exits the Eurozone, other countries will also start falling like dominoes under the pressure of speculators,” stated ex-Italian PM Prodi.
“Europe was born on the foundations of solidarity, so that everyone’s problems be taken into consideration. A bonding unity seems to be a major step backwards.”
“Greece might only represent 2% of the Eurozone’s GDP, which is surely too little. But if it exits the common currency, speculation will – after it will have engorged Athens – keep being hungry; it will affect Portugal, Spain and then Italy and France,” added the former European Commission president.
Acknowledging that “Greece has to put its finances in order, Prodi underlined that “the country (Greece) indeed tampered with its financial data, but the French along with the Germans allowed that to happen.
When I was President of the European commission, I kept saying to them that a control system must be built. And they kept answering: out of the question!”