By Tyler Durden | 29 May 2018
Update: Following what must have been a full court press by the top brass in Brussels on EU budget commissioner, Guenther Oettinger, to retract his statement that “the markets will lead Italians not to vote much longer for the populists”, which as we reported earlier infuriated Italians because it revealed the true nature of “democracy” in Europe, Oettinger found himself with no way out but to apologize for a comment that would have assured a negative outcome in the upcoming Italian Euro referendum.
Unlike ABC and Roseanne, he doubt the EU will cancel the “Oettinger Show” as yet another unelected bureaucrat is allowed to slide after exposing the truth about what democracy really means to Europe: keep voting until you get the outcome we want.
ZERO HEDGE — When it comes to Italy, unlike most other insolvent European nations which at least have an passing ideological affinity toward the EU and the common currency project, the Italian population has been growing increasingly disenchanted and belligerent over the years toward the EU, and as shown in the BofA chart below, Italians score the lowest when answering if “EU membership has benefited the country” or if “the EU contributes to economic growth in the country.”
Between the growing animosity toward Europe, and the recent political chaos in Rome, where the country’s president – under implicit orders from Europe – blocked the formation of a democratically-elected parliament just because he didn’t like the Euroskeptic finance minister, one would think that Europe would keep a lower profile and certainly not say any words out of place that may further infuriate the Italians, who are not set to vote not only in a repeat round of national elections, but what is shaping up to be a nationwide referendum on the euro.
So what does Europe do? With all the grace of a drunk elephant (not to be confused with Jean-Claude Juncker) in an Italian China store, Europe uttered not one but several words very badly out of place. […]