Intervento a Class CNBC

Su nuovo governo e Europa #CrisiDiGoverno, @pmanasse negli studi di @classcnbc: "Nel breve periodo un nuovo governo #PDM5S tranquillizzerebbe i mercati perché allontanerebbe i rischi di nuove tensioni con #Bruxelles e di una possibile uscita dell'#Italia dalla zona #euro #27agosto #governo pic.twitter.com/WzSmCAbBPB — Class CNBC (@classcnbc) August 27, 2019

Il nemico esterno

“Spezzeremo le reni a Malta” , e poi alla Spagna socialista , che abbiamo gia’ piegato al nostro volere, poi a Germania della Merkel, a Francia e Olanda, sotto le cui bandiere agisco ONG “complici del business degli scafisti” . La strategia di Salvini non “rischia” d’isolarci dalla comunità’ internazionale ed Europea: “punta” a quello. […]

The Italian Banks’ Bail-out: A Deafening Silence

What are the main lessons from the Italian bail-out of the two Veneto region’s banks ? At the European level, the bail-out is a nail in the coffin of the Bank Recovery and Resolution Directive (BRRD), as it shows that European rules for protecting tax-payers can be easily circumvented. It creates a precedent that does not […]

Proportional Rules and Troika Risk

In a December 2016 post I discussed the likelihood of Italy falling back into chaotic political instability, capital flights, rising bond spreads and bank runs (TROIKA scenario). I argued that much would depend how the Gentiloni government would manage the hot potato of the new electoral rules, the troika scenario being more likely if  a proportional system […]

The “Troika Risk” and Democratic Party Break-up

The gloomy saga of Renzi’s Democratic Party (PD) is slowly but inexorably ending in a split. While it is not easy to resist the temptation to shrug this off is as yet another pathetic episode of the long history of the party’s obsessive masochism, the possible economic consequences of the “schism” should not be underestimated. […]