Banksters, too often, refuse to take any responsibility, face reality, or tell the truth. Not only are they corrupt, they are also stupid. This dreary pattern is playing out in Italy. It can’t pay its bills so rules will be changed so bankster’s deranged delusions can continue.
Hence, a eurocratic deus ex machina: José Manuel Barroso, president of the European Commission, told the European Parliament on Wednesday that the budget rules would be reinterpreted for 2014 so that some public spending on infrastructure projects could be excluded from the deficit figures – something Italy has long pushed for in its valiant efforts to keep its deficit under 3%. If all else fails, monkey with the rules. Abracadabra.