h/t to leeds across the road..
'The problem with Europe is Europe,' warns Italian finance minister Padoan
By Szu Ping Chan, in Davos
18 January 2017 • 11:56am
Europe has become a "problem" that has led to rising populism and disaffection across the entire bloc, Italy's finance minister has warned.
Pier Carlo Padoan said European institutions were no longer viewed as the solution to the plight facing the eurozone and wider European Union.
"The problem with Europe, is Europe," he told an audience at the World Economic Forum in Davos, Switzerland.
He described the backlash against the establishment via June's Brexit vote and rejection of constitutional reforms in Italy as a "sign of crisis".
"In many, if not all, European countries there is a tendency to say our problems are generated in Brussels or Frankfurt.
"Europe used to be the solution to many of the problems of the laggards of European integration. Now this is being turned around completely."
More:
http://www.telegraph.co.uk/business/2017/01/18/problem-europe-europe-warns-italian-finance-minister-padoan/