Disinfo: Southern European countries were afflicted by adopting the Euro

Summary

When Southern European countries adopted the Euro as unified currency instead of their own currency, they lost the most important banking tool that could help them achieve constant economic growth and help overcome economic crises they might face.

Disproof

A recurring pro-Kremlin narrative that seeks to discredit the EU, claiming that Euro is responsible for the economic downfall of "Southern" European countries.

The Eurozone shows a GDP growth of 2.4% as of 2017 according to the World Bank and real GDP growth of 1.3% in accordance with IMF data. In April 2019, the International Monetary Fund indicates the real GDP growth of the countries who have recently adopted the Euro the following way: 3.2 % for Estonia, 3.3% for Latvia, 2.9% for Lithuania and 4.1% for Slovakia. Eurostat data also reveals predominately stable GDP growth in Estonia, Latvia, Lithuania and Slovakia since the last global crisis of 2008.

The reasons for the economic problems listed by the IMF in their recent report show no connection to the euro adoption in "Southern" countries such as Italy.

publication/media

  • Reported in: Issue 193
  • DATE OF PUBLICATION: 08/04/2020
  • Outlet language(s) Arabic
  • Countries and/or Regions discussed in the disinformation: EU, Italy
  • Keywords: euro, Euro-scepticism, EU disintegration, European Union, Economic difficulties
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Disproof

Recurring pro-Kremlin disinformation narrative about Russophobia in Lithuania and the Baltic States. The disinformation message appeared after a statement (see in also in Russian) made by the head of Lithuania's State Security department Darius Jauniskis: "What we are observing is the activity of the Russian special services. These are attempts to disinform society and spread panic, distrust to the Euro-Atlantic space and governments." See similar pro-Kremlin disinformation cases: "Russophobia is the main export of Lithuania", "Free Russia Forum in Vilnius is an anti-Russian gathering", "Lithuania is afflicted by total Russophobia", The only idea that strongly unites Lithuanian society is Russophobia.

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Disproof

Recurring pro-Kremlin propaganda narrative about ubiquitous Russophobia in the EU and beyond, mixed in with coronavirus-related events. Read more about EU countries' response to the coronavirus here. For background, read our analysis: The “Russophobia” Myth: Appealing to the Lowest Feelingsand see earlier disinformation cases alleging that Brussels uses Russophobia as a uniting idea to prevent the EU’s collapse, that Russophobia is the main activity of the Latvian state and that the Baltic states’ policies are equal to the Third Reich whereas Russophobia has become a Western value.

The New World Order is Kissinger’s solution to defeat Covid-19

Henry Kissinger, the Zionist pioneer of US imperial foreign policy, warned in an op-ed that no government alone, not even the United States, can defeat the Covid-19 alone, which implies that the New World Order that he always preached must continue.

Disproof

Conspiracy theory with an anti-Semitic element, supported by no evidence and based on a false claim. In the mentioned op-ed [published in the Wall Street Journal on April 3, 2020], former US Secretary of State Henry Kissinger didn’t mention any ‘New World Order’ at all, and the article is rather a call to “safeguard the principles of the liberal world order” from the risks posed by the Covid-19 crisis. This is part of Russia’s disinformation campaign on coronavirus, mixed with a recurrent false narrative about a Shadow Government ruling the world and promoting its own agenda, this time called the New World Order. This narrative aims to question the legitimacy of democracy and Western institutions. The Kremlin-led disinformation campaign on coronavirus has been well documented by both media and governments, and some of its elements were widely reported by Russian and international publications and by the European External Action Service. EUvsDisinfo database has a long set of Kremlin-linked disinformation cases on this subject, such as claims that Bill Gates and George Soros are sponsoring the Wuhan coronavirus, that it is a UK, US or NATO creation and Americans have its cure, that it is an artificial disease which specifically targets Chinese DNA, that it is a pretext to gain control of the world’s population, that it was created with economic goals while big pharma companies are spreading panic for their own profits, that it is a biological weapon against Russia and China, that it will wipe out Ukraine’s population in a few days or that it was predicted by Nostradamus and others.