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Italy to exit Belt and Road Initiative, called joining it an "atrocious move"


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Posted
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"The decision to join the (new) Silk Road was an improvised and atrocious act" that increased Chinese exports to Italy without having the same effect on Italian exports to China, Mr Crosetto told Italian newspaper Corriere della Sera.

He said Italy now needs to work out how to get out of the deal without damaging relations with Beijing.

"The issue today is: how to walk back (from the BRI) without damaging relations (with Beijing). Because it is true that China is a competitor, but it is also a partner," Mr Crosetto said.

As Beijing had become increasingly assertive on the world stage, Italy would have to think about how to withdraw "without producing disasters", he said.

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Posted

If the fascist Italians hate it, it then must be good. :celestial5:

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Posted

Italy is some irrelevant country. I am sure China does not care about losing them. The shift to the right is emblematic of a country that is grasping for power in the world stage. 

Posted (edited)
14 minutes ago, Tropez said:

Italy is some irrelevant country. I am sure China does not care about losing them. The shift to the right is emblematic of a country that is grasping for power in the world stage. 

 

27 minutes ago, Communion said:

If the fascist Italians hate it, it then must be good. :celestial5:

Y’all are missing the point, Italy didn’t gain anything from this initiative, as mentioned in the OP.  Most EU countries are not going to benefit from this as the typical BRI investments veer towards the needs of underdeveloped nations, not a country like Italy with some of the best infrastructure in the world.  It never made sense for them to join.

Edited by Archetype
  • Like 1
Posted
1 hour ago, Archetype said:

 

Y’all are missing the point, Italy didn’t gain anything from this initiative, as mentioned in the OP.  Most EU countries are not going to benefit from this as the typical BRI investments veer towards the needs of underdeveloped nations, not a country like Italy with some of the best infrastructure in the world.  It never made sense for them to join.

But that's what usually the US does when "helping" someone....so what's shock about China pulling this tho?

Posted

yes Italy stand up to the evil Chinese. La amiamo di nuovo :clap3: 

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Posted
3 hours ago, J Legend X said:

But that's what usually the US does when "helping" someone....so what's shock about China pulling this tho?

What is it that the US does when “helping” someone that you’re referring to?  The US doesn’t look to provide infrastructure investment to nations with superior infrastructure.  That’s why I’m saying it made zero sense for Italy to join the BRI.

Posted
33 minutes ago, Archetype said:

What is it that the US does when “helping” someone that you’re referring to?  The US doesn’t look to provide infrastructure investment to nations with superior infrastructure.  That’s why I’m saying it made zero sense for Italy to join the BRI.

italy has superior infrastructure to china? :gaycat3:

Posted

I’m sure China will have a reasonable response to this :fan:

Posted
6 hours ago, Tropez said:

Italy is some irrelevant country. I am sure China does not care about losing them. The shift to the right is emblematic of a country that is grasping for power in the world stage. 

Italy has the eighth-largest nominal GDP in the world, the ninth-largest national wealth and the third-largest central bank gold reserve. It ranks highly in life expectancy, quality of life,[34] and healthcare.[35] The country has been described as the "least of the great powers", and it has a significant role in regional[36][37] and global[38][39] economic, military, cultural, and diplomatic affairs. Italy is a founding and leading member of the European Union, and it is in numerous international institutions including the NATO, the G7, the Uniting for Consensus and many more. The source of many inventions and discoveries, the country is considered a cultural superpower and has long been a global centre of art, music, literature, science and technology and fashion.[40] It has the world's largest number of World Heritage Sites (58), and is the world's fifth-most visited country.

Posted

If it makes Xi seethe then this must be good

Posted
5 hours ago, midnightdawn said:

Italy has the eighth-largest nominal GDP in the world, the ninth-largest national wealth and the third-largest central bank gold reserve. It ranks highly in life expectancy, quality of life,[34] and healthcare.[35] The country has been described as the "least of the great powers", and it has a significant role in regional[36][37] and global[38][39] economic, military, cultural, and diplomatic affairs. Italy is a founding and leading member of the European Union, and it is in numerous international institutions including the NATO, the G7, the Uniting for Consensus and many more. The source of many inventions and discoveries, the country is considered a cultural superpower and has long been a global centre of art, music, literature, science and technology and fashion.[40] It has the world's largest number of World Heritage Sites (58), and is the world's fifth-most visited country.

This doesn’t mean anything. In Europe, France, Germany and the UK are the main global players. Italy is not in that club and hasn’t been for a long time. They are largely irrelevant in the world stage. 

Posted
14 minutes ago, Tropez said:

This doesn’t mean anything. In Europe, France, Germany and the UK are the main global players. Italy is not in that club and hasn’t been for a long time. They are largely irrelevant in the world stage. 

The belt and road initiative is global. China is seeking to have influence in many countries, large and small. They definitely care about more than just France, Germany and the UK.

Posted

Good, leaving critical logistics and infrastructure in de facto Chinese control was always risky at best, foolish at worst.

 

Posted
3 hours ago, midnightdawn said:

The belt and road initiative is global. China is seeking to have influence in many countries, large and small. They definitely care about more than just France, Germany and the UK.

And they lost a partner who wouldn’t even side with China regardless of the circumstances as Italy is a very staunch Western country. China isn’t losing much my losing Italy. 

Posted
16 hours ago, flower moon said:

italy has superior infrastructure to china? :gaycat3:

No, but Italy has top-notch world-class infrastructure for its size and population, much better than what the US has provided to its own citizens.  There is literally zero reason nor need for Chinese or US investment to "help" develop Italian infrastructure.  Idk why ya'll keep ignoring this.

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