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Italy Criticized for Joining China s Belt and Road Project

https://www.breitbart.com/national-security/2019/03/15/italy-criticized-joining-chinas-belt-road-project/
See More From: breitbart.com

Mar 15, 2019 3:29 PM 1+ week ago

Pressure is mounting against Italian Prime Minister Guiseppe Conte to refrain from signing aboard China's Belt and Road infrastructure project next week when Chinese President Xi Jinping visits Italy. Beyond the political ramifications of Italy aligning itself with China, and perhaps finding itself on the business end of Chinese debt colonialism, analysts warn Conte has not fully considered the financial aspects of the arrangement.

Reuters published a summary of the Memorandum of Understanding (MOU) Conte plans to sign when Xi arrives in Rome, finding it "full of broad undertakings" but "short on specific details."

The draft version seen by Reuters discusses cooperation on transportation projects, investment in developing countries, and collaboration between financial institutions.

More specifics could be provided when Xi visits Italy, as the Italian government hinted at least 50 individual deals could be signed with the Chinese president, covering everything from trade goods to oil and gas.

Reuters followed up the MOU outline with an article quoting deep misgivings ...

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