How Italy Became Eurosceptic & Why Matters
Watch this space.
What we said a ten days ago.
The Italian 10-year government bond is 112 bps through the U.S. 10-year note yield, and the country doesn’t have an independent central bank! Moreover, the Germans are coming to town at the ECB very soon. How is that for pricing risk? – Global Macro Monitor, May 9
A must view video as Martin Wolf dishes on Italy and her dysfunctional politics. It looks like the Germans and Italians are, once again, headed for loggerheads.
“Italy is the big one” – Martin Wolf
Source: https://macromon.wordpress.com/2018/05/17/how-italy-became-eurosceptic-why-matters/
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