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Is Giorgia Meloni the New Leader of the Free World?

June 17, 2024 By Richard C. Young

President of the Council of Ministers of the Italian Republic Giorgia Meloni visiting Ukraine, February 21, 2023. Photo courtesy of the President of Ukraine.

When she was elected, she was lazily pilloried by establishment media outlets for her political party’s distance relationship to Mussolini. Since then, Meloni has proven herself the most competent leader in the G7, and beyond. Rosario Iaconis reports in The New York Sun that Meloni has emerged as “the strongest leader in the West.” He writes:

What a remarkable moment is Prime Minister Meloni’s emergence, at the G-7 Summit in Puglia, Italy, as the strongest leader of the most stable nation in the West. After her Fratelli d’Italia party garnered nearly 29 percent of the vote in the European parliamentary elections, Signora Meloni — who led this year’s gathering — was in the best political position of her peers.

Though President Biden may be re-elected in November, he faces a challenge from President Trump. Uncle Joe is running neck and neck with his GOP rival in the key battleground states that will determine the outcome of the election. Yet 46’s cognitive decline is evident. Additionally, despite positive macroeconomic data, American voters are in a lather over high interest rates and continuing inflation.

Britain’s prime minister, Rishi Sunak, confronts a surly British electorate in the upcoming July contest, which he appears likely to lose in a potentially historic landslide. As for the odd couple of the G-7 — President Macron and Chancellor Scholz — the results of the European parliamentary elections were grim. In the wake of the right’s triumph at the polls, Monsieur Macron dissolved France’s National Assembly and called for new elections.

Herr Scholz’s Social Democrats, meantime, came in third, trailing the Christian Democrats and the rightist Alternative for Germany, which swept the former East Germany. Herr Scholz might not survive the next general election. Japan’s Fumio Kishida, who is mired in a campaign-finance imbroglio, heads an administration with a minuscule public approval rating. No one is more unpopular than Justin Trudeau, whose handling of Canada’s economy has been an abysmal failure.

However, Signora Meloni has confounded conventional wisdom and become the lioness of the Continent. Having boasted that “I’m proud that this nation will present itself at the G-7 and in Europe with the strongest government of all,” she is presiding over a stable Italy that’s assuming its rightful place on the world stage.

Her fiscal discipline aims to put Lo Stivale’s financial house in order while she unleashes the animal spirits of entrepreneurship. This is paying significant economic dividends. Rome has surpassed Berlin and Paris when it comes to GDP growth.

Read more here.

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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