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.
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Italy: When Trumpism Hits Euroland
The EU no longer lives in the orderly world of the Maastricht treaties, but in the world of a “populist monetary union.”
Italian Reality Check: Six False Assumptions
The new Italian government seems keen to play blame games – and pursuing economic solutions that have already failed conclusively in the past.