Governments and high finance: l'Italia non è sull'orlo del baratro
“Christ the King” has been supporting what you find in this article for some time. On this topic, conspiracy theories, apocalyptic and other catastrophisms are the result of ignorance, follia of mala fede. Even in our small and varied environment, where it often seems that whoever talks the loudest is right, even if it is not reasonable or documented. (n.d.r.)
Reporting of Federici Studies Center
The current situation of the Italian state commented by the Swiss economist Alfonso Tuor.
Italy is not on the brink of the abyss
This is not yet the beginning of a speculative attack against the grey-green Italian government guilty of challenging European rules on deficit and public debt. Rather, it seems to be the manifestation of financial markets supporting the threats from Brussels, to which are added the attacks from the international press and what should be the Italian opposition. All this appears aimed at ensuring that Rome reverses its spending plans for next year which should lead to a public deficit of 2,4% compared to GDP, incompatible with the objective of reducing a public debt that exceeds 130% of GDP. If it isn't the beginning of the spread war, however, it could be the prelude to it, with the rating agencies that depreciate Italy's creditworthiness and above all with the Eurogroup which initiates a procedure for infringement of the rules of the single currency.
Of Marcello Minenna