July 18, 2007 (LPAC)--Two former Italian economic ministers have supported the French government's right to override restrictions on national spending, imposed by the European Union Treaty signed at Maastricht the Netherlands in 1992, and its subsequent amendments.

Giulio Tremonti, former Finance minister with the Berlusconi government and Paolo Savona, former Industry minister with the first Prodi government, independently support the French government's right to override the European Currency Board and European Union Commission on matters of currency and budget.

The two interventions do not discuss the merit of national budget policies decided by the French government, which are disputable especially in their fiscal aspects, but limit themselves to asserting national sovereignty. In this limited sense, they are correct and are an expression of the unavoidable crisis affecting the supranational European Union bankers' government.