Italy – 10 bullet points

The BlondeMoney View:

The Euro and Italian assets can rally as the establishment is back in charge. This will inflame, rather than neutralise, anti-establishment sentiment. Italian govt bonds should carry a risk premium whatever happens, particularly with ECB QE likely to end just as Italy goes back to the polls.

  • Despite accepting Conte as Prime Minister, today the Italian President turned down his attempt to form a government. The 81 year-old Eurosceptic Savona as Finance Minister was a step too far.
  • Mattarella argued that he could not in good conscience . . .

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