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Nitti, Francesco Saverio, 1868-1953

"Peaceless Europe"


Bolshevism, as I have repeatedly stated, cannot be judged by our
western eyes: it is not a popular and revolutionary movement; it is a
religious fanaticism of the orthodox of the East hoisted on the throne
of Tsarist despotism.
Italy is the country which suffers most from the lack of continuous
relations with Russia in so far that almost all Italian commerce, and
in consequence the prices of freight and goods, have been for almost
half a century regulated by the traffic with the Black Sea.
Ships which leave England fully laden with goods for Italy generally
continue to the Black Sea, where they fill up with grain, petroleum,
etc., and then return to England, after having taken fresh cargoes in
Italy and especially iron in Spain. It was possible in Italy for long
periods of time to obtain most favourable freights and have coal at
almost the same price as in England. The voyages of the ships were
made, both coming and going, fully laden.
The situation of Russia, therefore, hurts especially Italy. Great
Britain has Mediterranean interests; France is partly a Mediterranean
nation; Italy alone is a Mediterranean nation.


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