The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant. - Maximilien Robespierre.

Showing posts with label prices. Show all posts
Showing posts with label prices. Show all posts

Tuesday, August 30, 2022

Daily Stirrer News Summary - 30 August 2022

 

30 August

US Embassy Anti-Air Defenses Activated Over Baghdad As Death Toll Rises In Night Of Chaos
ero Hedge:
The American embassy in Baghdad has reportedly engaged inbound rocket attacks with its air defense system, the C-RAM which protects aerial threats against the Green Zone.
Some reports suggest the streets have finally grown calmer in the early morning hours (local time), but this is after an evening and overnight death toll of at least 15, including unconfirmed reports of police casualties. AFP citing local medical sources also says some 350 protesters were injured. Continue reading >>>

[ Middle East catalogue ]

One of the world’s largest fertilizer producers, Yara (in Norway), slashes production due to skyrocketing natural gas prices
Another European fertilizer manufacturing plant is cutting production due to skyrocketing natural gas prices across the continent.
Yara, based in Norway, is one of the world’s largest fertilizer producers – or at least it was one of the largest fertilizer producers before the ongoing energy crisis destroyed its bottom line.
No longer does it make financial sense to continue producing as much ammonia as before, Yara says, which is raising questions about how Europe is going to grow enough food for survival.
Continue reading >>>

[ Russia - Ukraine food supply ]

UK Government website says vaccine not safe for pregnant or breastfeeding women
Norman Fenton:TracyK2017 on twitter has alerted a lot of people today to the fact that the UK Government has a website page with this document that was "updated on 16 August 2022" (although as explained below there do not appear to have been significant changes since March 2021). Katy also notes now that people are pointing out that the document has not in fact been recently updated; apparently the wayback machine shows no changes since March 2021. However, this would make things even worse as it means that the Government officials and the NHS have been recommending pregnant women get the vaccine against the official Government document advice.
Continue reading >>>
[ Covid Vaccine risks ]

WEF Proposed Sound Waves For Mind Control In 2018
Great Game India:The WEF is truly one of the most pernicious entities to have ever graced this planet. In 2018 they published an article entitled, Mind control using sound waves? We ask a scientist how it works. Of course, it was scrubbed from their site, but thanks to the Wayback Machine we have the evidence of their technocratic depravity.
Antoine Jerusalem, a professor of engineering science at Oxford University, finds himself in as he researches the potential of ultrasound technology to tackle neurological diseases and disorders. In an interview, conducted as part of the World Economic Forum's annual gathering in the Middle East of scientists, government and business, he tells us more about this growing field of research. Antoine Jerusalem, a professor of engineering science at Oxford University, tells us more about this growing field of research:
"I can see the day coming where a scientist will be able to control what a person sees in their mind’s eye, by sending the right waves to the right place in their brain. My guess is that most objections will be similar to those we hear today about subliminal messages in advertisements, only much more vehement.
This technology is not without its risks of misuse. It could be a revolutionary healthcare technology for the sick, or a perfect controlling tool with which the ruthless control the weak. This time though, the control would be literal." In usual Hegelian dialects fashion, the WEF create the problem, let the mass formation psychosis reaction to the problem play out and then swoop in with the “solution”;
Continue reading >>>
[ Living Within The Conspiracy ]

Europe still hasn’t learned from its lockdown debacles
The Spectator:n his fascinating interview in the current issue of The Spectator, Rishi Sunak revealed the black hole at the centre of the British government’s 2020 lockdown policies. The former Chancellor claims that two crucial things were lacking at the time of the lockdowns – political candour and a ‘grown up conversation’ between Boris Johnson’s government and the quarantined population. Two and a half years later, though, there’s been no such conversation, especially in the European countries where the legality of lockdowns has already been questioned.
Continue reading >>>
[ Europe Unglues ]

10 Facts Electric Vehicle Advocates Don't Want You To Know
PJ Media:
There are a host of reasons why the Left is absolutely determined to force Americans out of their privately owned, gasoline-powered cars and trucks and into unreliable public transportation and costly Electric Vehicles (EVs), none of which have to do with “saving the environment.”
The central reason the Left loves EVs is that the process of forcing Americans to convert to electric-powered transportation will destroy forever the incredible freedom and prosperity associated with privately owned gas-powered vehicles.The future will instead be centrally controlled by rich elitists and their corrupt politicians, power-hungry bureaucrats, and ideologically driven “experts.”Continue reading >>>
[ Technology Rules You ]

Farmers in Belgium Attempt to Break Into City Hall Protesting Against EU-Inspired Green Agenda
Breitbart Europe:Farmers in northern Belgium attempted to break into the town hall of Hoogstraten after staging a mass protest in response to the government’s EU-driven agenda to cut nitrogen emissions, as is being attempted in the Netherlands.
The European Union’s Natura 2000 network, which mandates that the 27 member states must protect designated habitats in a “sustainable manner, both ecologically and economically,” and therefore must cut nitrogen emissions — spurring widespread unrest among the Dutch Farmers — has now spread to the heart of the EU in Belgium, with farmers driving their tractors to the centre of Hoogstraten on Monday evening.
Continue reading >>>
[ Europe ]

Gazprom To Slash NatGas Deliveries To France's Top Utility As Squeeze Worsens

FT via ero Hedge:
On Tuesday, Europe faced a worsening supply crunch after Russian energy giant Gazprom PSJC informed French utility Engie SA that natural gas supplies would immediately be reduced because of contract disagreements, reported Financial Times.
Engie said Gazprom notified it of "a reduction in gas deliveries, starting today, due to a disagreement between the parties on the application of some contracts."
Gazprom's reductions in NatGas over retaliation for sanctions related to its invasion of Ukraine have primarily targeted Germany and eastern Europe but now appear to extend to France. The continent is facing the worst energy crisis in half a century, sending prices of NatGas to record highs on supply shortage concerns ahead of the winter season.

Continue reading >>>
[ Ukraine war Europe gas ]

The Fantasy World of Renewable Energy

Learning from history and from our own experience is usually reckoned a sign of wisdom. Strangely, that appears not to be the view of those employed at Carbon Brief. They have published a strikingly foolish prediction that renewable generation such as offshore wind will be vastly cheaper than gas generation in the late 2020s. That is a long way off. History tells us that price booms in oil and gas markets are invariably followed by price busts.
Carbon Brief’s argument is based on bids submitted by offshore wind farms in the latest round of the U.K. Government’s auction of Contracts for Difference (CfD), which were announced in July 2022. Carbon Brief claims that the average price of £48 per megawatt hour (MWh) in today’s money is “nine times cheaper” than the £446 per MWh current cost of running gas-fired power stations. For context, and so as not to mislead the naïve, including those who enthusiastically tweeted approval of Carbon Brief’s article, it might also have noted that the cost of running gas-fired power stations in April 2020 was less than £25 per MWh. That figure was, of course, inflated by the high cost of buying carbon dioxide permits.Continue reading >>>[ Energy: Clean Green Dreams ]

Sunday, August 07, 2022

"Revolution Has Begun": 75,000 Brits Plan To Stop Paying Power Bills In Protest At Energy Rip Off

 

Resistance is growing to spiralling domestic energy costs in Britain as more than 75,000 irritated people in the UK have pledged not to pay their electricity bill this fall when prices jump again. 

"75,000 people have pledged to strike on October 1st! If the government & energy companies refuse to act then ordinary people will! Together we can enforce a fair price and affordable energy for all," tweeted "Don't Pay UK," an anonymous group spearheading the effort to have more than one million Brits boycott paying their power bill by Oct. 1. 

The strike comes as an inflation storm of high energy prices has obliterated household incomes, and increasing public awareness that the increaes imposed by the energy companies are far in excess of what can be justified by rising costs of oil and gas on world markets. Opinion polling suggests we Brits are at our most miserable and passimistic about our future prospects in three decades as inflation is expected to hit 13%. And while Bank of England (BoE) Governor Andrew Bailey hiked interest rates the most in 27 years to tame inflation, a recession now looks inevitable. 

 

From Oct. 1, the average household will pay almost £300 a month for heating, lighting and cooking fuel, the BoE warned. Couple this outrageous increae in power costs with negative real wage growth, and it becomes apparent working class and middle class households are being made to bear the costs of government's mismanagement of the economy over three decades. As well as being hit by increaces in the cost of domestic fuel, prices of food and petrol at the pump are also rocketing -- this trend is unsustainable and could result in civil unrest.

UK financial journalist and broadcaster Martin Lewis said this about the strike:

"I think I can categorise it more accurately now, the big movement that I am seeing is an increase of growth in people calling for a non-payment of energy bills, mass non-payment. Effectively a consumer strike on energy bills and getting rid of the legitimacy of paying that.

"We are getting close to a Poll Tax moment on energy bills coming into October and we need the Government to get a handle on that, because once it starts becoming socially acceptable not to pay energy bills people will stop paying energy bills and you're not going to cut everyone off."

Meanwhile, Ofgem (UK energy regulator) Chief Executive Jonathan Brearley told BBC Radio 4's Today on news magazine program that people shouldn't join the strike for two reasons.

"First of all, it will drive up costs for everyone across the board. And secondly, if you are facing difficulty in paying your bill, the best thing you can do is get in touch with your energy company."

He added: 'I would not encourage anyone to withhold their paying their bill because that just damages things further and it will impact them personally.'

Last week, the UK government condemned the bill boycott , calling it "highly irresponsible." 

"This is highly irresponsible messaging, which ultimately will only push up prices for everyone else and affect personal credit ratings," a government spokesperson was quoted by The Independent.

Don't Pay UK estimates 6.3 million UK households will be driven into poverty this winter, unable to afford food and fuel, with millions more feeling the stress of out-of-control inflation. 

People on Twitter responded to the moment by saying, "the Revolution has begun" and "a bit of civil unrest on its way onto our streets & rightly so." 

Perhaps the movement's involvement will be an excellent proxy for the growing discontent festering among Brits that could result in civil unrest this winter as millions will struggle with keeping the lights on, the furnace hot, and putting food on the table. 

RELATED:

 

E U Central Bank Digital Currency Is The Death Rattle Of A Failed Experiment

The announcement from the European Central Bank (ECB) that is is to intrduce an official European Union digital currency spells the end of the European Single Currency experiment and with it the ambition of "ever closer union until the EU's member states were merged into a single political entity Digital Currencies might not quite be Ponzi schemes but on appearances the difference can be compared to that between a horse and a pony.

Negative Interest Rates - Final Nail In The Coffin Of Neoliberalism? Negative interest rates, in plain terms a situation in which we pay bankers for holding our money, are the latest ruse of politicians and economists to make uis start spending our investments and savings, thus kickstarting the global economy thy have screwed up.

The age of financial privacy is over
Yes you read that right. The fascist regime in the USA has usurped to itself the right to raid bank accoutns anywhere is the world. At the moment they are only stealing money by way of tax demands from people who were born on US soil even if those people have not lived in the USA since childhood and have never be employed by a US business.

Inland Revenue a Dysfunctional department that ‘can’t be trusted’ with power to raid bank accounts
Plans to let the taxman take cash out of people’s bank accounts without their permission were condemned by MPs after Rebecca Benneyworth, of the Institute of Chartered Accountants, warned the department is ‘shooting itself in the foot.’ She told the ICAEW conference : ‘Public trust in HMRC would be eroded very quickly if cases come to light where funds have been incorrectly removed. ‘HMRC cannot afford to have public opinion turn against the tax system and those charged with administering it.’Accountants have warned HMRC cannot be trusted ...

Taxes Will Rise If Government Do Not Raid Bank Accounts Taxes will have to rise unless officials are given new powers to raid people’s bank accounts, David Cameron has said.

The Treasury select committee warned that allowing HM Revenue and Customs to remove cash from bank accounts without court orders is “very concerning” because of its history of mistakes.
The committee said that taxpayers could suffer “serious detriment” if officials are able, either by mistake or through an “abuse” of power, to take money from people who have done no wrong.

Magic Money - How The Fractional Reserve Banking System Conjures Money From Fresh Air:
A look at how the fractional reserve banking system works and how it brought the global economy and many people's personal finances close to collapse. It's really all about pulling magic money out of fresh air.

Investors Ignore Triple Dip Regession As Stock Market Hits Four Year High
News that the British economy was staring an unprecedented triple dip recession in the face left investors unperturbed yesterday as shares on Britain's leading index hit their highest point in since the crash four-and-a-half years ago.

Tax The Rich, Hurt The Poor
The loopy left in Britain and the USA have, throughout the cedit crunch, chanted their Tax The Rich mantra. Those who do not learn from history are condemned to repeat it of course and the left have still not learned from all the other economic catastrophes caused by attempts to redistribute wealth that taxing the rich huts the poor most.

The Folly Of Using Inflation To Reduce The Debt As the Obama administration starts to seriously consider minting Trillion dollar coins to reduce debt by fuelling massive inflkation the Daily Stirrer's finance expert explain why this would not work and would have catastrophic consequences.

A Dickensian Christmas Gift: Mister Micawber's Economic Wisdom
Despite the ever growing dunghill of evidence to the contrary lefty politicians around the world continue to call for higher taxes, more government spending and collectivist solutions while the clueless Obama administration embark on another futile round of "quantitative easing. What they are trying to do is inflate away debt but inflation is the curellist stealth tax. (Also posted at Scribd)

Anti Austerity Protests Bring European Capitals To A Standstill Angry protests have left many European capitals in chaos as millions of workers joined strikes against austerity measures they claim have made their national economies worse. Trade unions in Spain, Greece, Portugal and Italy staged a series of demonstrations throughout the continent on the ...

Government Powerless Against a New Wave Of Immigration The government is powerless to stop tens of thousands new migrants heading to Britain after a new EU borders shake-up, Theresa May has admitted. The Home Secretary yesterday warned the Government is legally unable to block Romanian and Bulgarian citizens from coming to the UK under an expansion of ...

Poverty tycoons who make themselves millionaires from taxpayer-funded foreign aid budgetIn responce to questions about Britin's overseas aid budget,David Cameron has said at the United Nations that rather than cutting aid to developing nations in these austere times UK taxpayers should be happy it is being increased. Meanwhile with her own millions safely tied up in trusts Hillary Clinton demands global wealth taxes to raise money for helping the disadvantaged.

The Folly Of Trying To Inflate Away Debt
As the debt crisis grinds on and the creit crunch mutates into the credit famine the clueless politicians and even more clueless economists and academics who advise them can only think of one course of action. That is to inflate away their debt problem by devaluing currency to the extent at whic a bag of potatoes or wheat grain costs $£€ 1 trillion. Inflation is the cruellest tax, destroying the savings and pensions of sensible people and rewarding irresponsibility.

Feeding The Monster
As Spain's economy nears collapse and economists call for Europe's taxpayers to stump up still more money for a bigger bailout fund to save bankrupt nations, The Daily Stirrer economic expert under his new nom de plume explains why efforts to save the Euro are throwing good money after bad.

[ Energy - green dreams ] ... [ Inflation as a tax ] ... [ Money & Finance index ]

Thursday, July 14, 2022

EU Crisis? Euro currency falls below parity with US$ as Italian Government collapses

                              BREAKING: PM Mario Draghi resigns after Italian government collapses
Image of former Italian PM Mario Draghi.      Credit: matthi/Shutterstock.com

 

Italy's volatile politics plunged the EU into a new crisis today  July 14, after its coalition government collapsed. One of the ruling coalition parties, the 5-Star Movement, had earlier abstained in a vote in the Senate on a relief bill for soaring energy prices in the country that are driving many people into poverty.

The vote tied to a confidence vote, and Giuseppe Conte the head of M5S stated yesterday, Wednesday, July 13, that his party would not support the government in either of today’s votes.In the even the government survived the confidence vote but only because of a large numer of abstentions with members of other small parties joinging the Five Star contingent and declaring they could no longer back the ruling coalition.

In a statement released by Mario Draghi the Italian Prime Minister, he announced to his cabinet that he will resign from his post: “I will tender my resignation to the president of the republic this evening. The national unity coalition that backed this government no longer exists”. Draghi's coalition had been in power since January 2021 but had been a lame duck government unable to pass major legislation because they depended on the support of the anti - EU Five Star Movement.

Sergio Mattarella, the Italian President,  will now have to make the decision of either accepting or rejecting the PM’s resignation. Word is the President has indicated he will reject it, but that would result in an unwilling leader heading a government that cannot govern.  In what seems the most likely outcome of this crisis an election could be scheduled as early as September.

Giuseppe Conte, the Five Star party leader and the second-biggest group in Draghi’s coalition, said he could no longer back Draghi’s cross-party government, which he accused of not doing enough to help families battered by spiralling food and energy costs.

“I have a strong fear that September will be a time when families will face the choice of paying their electricity bill or buying food,” he said after a day of frenetic political consultations.

             
Guiseppe Conte - Five Star leader

 

Crucially, as The Financial Times reports, the implosion of Italy's national unity government, which could trigger earlier elections that were set for spring next year, would come at a sensitive time for the European Union, already enmired in three crises, the cost of living explosion, the war in Ukraine and attendant food and fuel shortages and runaway inflation as a result of the loonytoons COVID response.

RELATED:


European Union Is Again Close To A Meltdown As Eurozone Economy Collapses
Once more we return to the political instability and economic fragility of the European Union as the conflict in Ukraine combined with loonytoons Climate Change mitigation policies, the failure of 'sustainables' to meet ever increasing demand for electricity, fod shortages and rampant price inflation put economic and social pressure on governments of member states ...

Debunked: The Great Renewable Green Delusion
The war in Ukraine has not caused the global energy crisis of early 2022 byt merely exacerbated it. Currently the nations currently in conflict with Russia over its incursion into Ukraine are those which are most dependent for their energy needs on Russian oil and gas. And now their loonytoons 'net zero' green energy policies have failed they are biting the hand that feeds them.

Putin, Macron To Hold Urgent Talks To Halt Military Escalation In Ukraine
Even though the leaders of Ukraine itself are talking down the threat of war with Russia over the breakaway region of Donbas, America and Britain are still beating the war drums and demonising Russian leader Vladimir Putin. Russia insists they have no plans to invade Ukraine and one western leader at least, France's Emmanuel Macron, seems to be listening to messages coming out of the East European trouble spot...

British Government Laundered Fake U.S. 'Intelligence' On Ukraine
The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>

Italy Pondering Total Ban On Unvaccinated In The WorkplacesItaly's unelected governments, which has already faced riots and massive resistance to its authoritarian measures to strip away citizens rights and liberties under cover of pretending their actions are necessary steps to deal with the pandemic, now risks plunging the country into greater chaos by mandating vaccines for the workplace.

Thousands Protest In Germany Ahead Of COVID Measures Set To Go Into Effect Tuesday
Thousands of people took to the streets of Germany on Monday in protest over COVID-19 restrictions that are set to go into effect on Tuesday.The demonstrations were biggest in Mecklenburg, northern Germany, where roughly 15,000 demonstrators took to the streets to protest against tighter measures, according to local reports. In Rostock, a city along the Warnow River on the north coast of the country, roughly 6,500 people demonstrated, while in Schwerin there were roughly 2,700 and in Neubrandenburg, around 2,400 joined a demonstration. Continue reading >>>


After a weekend of increasingly violent protests around Europe, similar to the one pictured above in London, against elitist plans to introduce new limitations on freedom, lockdowns and further steps towards compulsory vaccination (with a vaccine that does not immunise against a virus that makes very few people ill,) it is disappointing to see that in the US and UK, mainstream media is still doing its best to ratchet up the fear and panic ... Continue reading >>>

The Absurdity Of Vaccine Passports, Lockdowns and Segregating The UnvaxxedAfter reintroducing lockdowns from the beginning of this week in its two regions with the highest rates of COVID cases, Austria today became the first country in western Europe to reimpose a full, national lockdown which will start on Monday, November 22. The Austrial government is likely to be quickly joined by neighboring Germany, a statement from Berlin warned [...] Some commentators in Austrian capital Vienna were cynical enough to ask if the whole point of this latest escalation is justify more restrictions
Continue reading >>>

Dont Dictate To Us On Human Rights, Justice Secretary Raab Tells EU
Justice Secretary Dominic Raab told the Conservative Party Conference last month Boris Johnson had given him the task of rewriting the The Human Righrs Act when he moved him from the Foreign Office in September’s reshuffle. This week Raab revealed details on how he plans to block interference from Strasbourg in British matters as part of his remit.

Spain Arrests People Traffickers And Drug Smugglers Crossing From North Africa in Speedboats
Spanish police announced the arrest of 90 people involed in a smuggling rackets that moved both people and drugs from Africa to Europe. The Civil Guard released a statement today stating that the smuggling network regularly moved people and drugs from Ceuta, a Spanish enclave in northern Africa to The Costa del Sol in high powered semi inflatable speedcraft of the type often used to move illegal immigrants from Libya to Italy or Turkey to Greece.

September 2021

Green Dreams Menu
It may be driven by virtue signalling or self hatred but the urge to destroy civilisation in order to save the planet and the ideological agenda that drive the gree movement are too far removed from the realities of life to ever achieve their aims.

July 2021

Populist Politicians Threaten Legal Action Against Proposed Covid Passports
Spanish populist party VOX has threatened legal action against the Madrid government if the ruling coalition implements a so-called health passport scheme that would require proof of vaccination or a negative coronavirus test to enter certain businesses. The leader of VOX, Santiago Abascal, stated this week, that if the Madrid government wanted to introduce a health pass he and VOX would take the matter to court.

Italy Pondering Total Ban On Unvaccinated In The WorkplacesItaly's unelected governments, which has already faced riots and massive resistance to its authoritarian measures to strip away citizens rights and liberties under cover of pretending their actions are necessary steps to deal with the pandemic, now risks plunging the country into greater chaos by mandating vaccines for the workplace.

Italians take To The Streets To Protest Against Mandatory Vaccine Passports

France was first in Europe to announce vaccine passports would be mandatory for entry to large events and public spaces last week and President Macron was forced by an immediate backlash to back off his cherished dictatorial measure. Early this week the United Kingdom announced that proof of vaccination would be required to enter some venues, and Boris Johnson's doom laden warnings sparked an immediate reaction with a large faction of the party he leads in parliament announcing they will vote against any such dictatorial and discriminatory measure ...

Italy: Cops open manslaughter investigation as man dies after getting AZ coronavirus vaccine
21 March 2021:Italian prosecutors have opened an investigation for manslaughter following the death of a music teacher one day after receiving his shot of the Oxford-AstraZeneca Wuhan coronavirus (COVID-19) vaccine. Sandro Tognatti, 57, received the AstraZeneca jab on Saturday afternoon, March 13, according to his wife.Italian prosecutors have opened an investigation for manslaughter following the death of a music teacher one day after receiving his shot of the Oxford-AstraZeneca Wuhan coronavirus (COVID-19) vaccine. Sandro Tognatti, 57, received the AstraZeneca jab on Saturday afternoon, March 13, according to his wife.

3 June 2020: Italy Poll: Salvini’s Lega in Solid First Place as Government Totters
As Italy’s left – of – centre coalition government, which lost its majority in the national assembly, and with it the ability to govern the European Union’s third largest, and probably most volatile member state, the Lega party, led by the biggest thorn in the EU’s side, Matteo Salvini

Italian Government Near Collapse After Renzi Pulls Ministers From Ruling Coalition

Yesterday this publication reported that under the leadership of Premier Giuseppe Conte, Italy's government has - to the surprise of all Daily Stirrer contributors - held together for almost two years, as the technocratic former law professor - initially brought in to lead a government formed at the behest of the Brussels bureaucracy from two anti-establishment parties, the anti-migrant League and left-wing populist Five Star Movement - had already survived the collapse of his original coalition.

Italian Government On Verge Of Collapse Amid Battle Over EU COVID Relief

from Zero Hedge

Under the leadership of Premier Giuseppe Conte, Italy's government has enjoyed a degree of stability unseen in decades, as the technocratic former law professor - initially brought in to lead a government formed by two anti-establishment parties, the anti-migrant League and left-wing populist Five Star Movement - Conte has already survived the collapse of his original coalition. When League leader Matteo Salvini withdrew from the ruling coalition back in 2019, Conte managed to stave off another election by recruiting new allies from the opposition.

EU bullies: Italy forced to surrender in secret meeting over coronavirus economy crisis
Yannis Varoufakis, a veteran of the 2015 Greek debt crisis, accused Eurozone finance ministers of “failing Europeans” after a 15-hour row over a post-coronavirus rescue package for Italy ended in stalemate. The rebel economist said he was the victim of similar bullying at the height of Greece’s financial crisis when his defiant strategy against debt negotiations with European leaders led to banks being closed and queues at cash machines. “The Italian finance minister, during the night, was bullied to surrender – as I was in 2015. It was all done behind closed doors and with no minutes kept.”