It may take a further rise in Italian bond yields to remind the populist government’s leaders in Rome that their room for maneuver to operate with more debt is very limited.
Uncanny parallels between one of Turkey’s top football clubs and the outcome of Turkey’s upcoming general elections.
If Italy’s government tames its radical instincts it could be allowed to get away with a few things. But if it is confrontational with the EU it will be heading for trouble.
The man who gave us the disaster of Libya is no help against Brexit.
The EU no longer lives in the orderly world of the Maastricht treaties, but in the world of a “populist monetary union.”
The new Italian government seems keen to play blame games – and pursuing economic solutions that have already failed conclusively in the past.
If a radical government in Rome plunges Italy into a deep crisis, it would still be an Italian crisis — rather than a “euro“ crisis.
A controlled unwinding of the euro might offer material economic benefits to many members of the Eurozone.
The saga of a dynamic Germany and a sclerotic Italy does not reflect the historical record.