Italian Politician Beppe Grillo Says Italy at War with the ECB

Italian politician, comedian and blogger, Beppe Grillo founder of the Five Star Movement which in the 2014 Italy’s European parliamentary election placed second says Italy has been at “war” with the European Central Bank (ECB), from the ANSA.it:

The European Central Bank is a greater foe than Islamic militant group ISIS, said Beppe Grillo, leader of the 5-Star Movement (M5S), as he headed for a meeting Wednesday with the president of the European Commission, Jean-Claude Juncker.

"We are not at war with ISIS or with Russia, but with the ECB," said Grillo.

The M5S leader was planning to present his campaign for a referendum on pulling Italy out of the single-currency euro to the European Parliament in Brussels.

"We are tired of the sacrifices, we want to regain sovereignty over our currency, (and) save our businesses," said Grillo

As I have previously noted, not only has the ECB been faced with legal and technical hitches on their recently implemented credit easing (QE) programme, political roadblocks like in Germany or the above have likewise been mounting, thus narrowing the window of ECB’s Risk ON joy ride.

The ECB has essentially been underwriting the demise of the euro

Tick tock.Tick tock.