Italy is where everyone has their attention. And for good reason. The whole world is expecting massive confrontation in Italy. This entire mess is really just a distraction from the real underlying issue. Other countries own the dangerous debt of Italy and just like in the situation with Greece, these countries suddenly have skin in the game. Suddenly they are not at fault, but bear responsibility for what happens in Italy. This should be interesting.
Europe Is Too Exposed to Italy to Let It Go - Bloomberg
https://www.bloomberg.com/opinion/articles/2018-10-29/europe-is-too-exposed-to-let-italy-go
'The crash is going to be violent': Italy headed for crisis, warns banker
https://www.smh.com.au/business/the-economy/the-crash-is-going-to-be-violent-italy-headed-for-crisis-warns-banker-20181029-p50ckf.html
ABOOK-Oct-2018-Europe-GDP-Italy.png (705×401)
Italy's Dangerous Budget Showdown With Europe
https://www.foreignaffairs.com/articles/italy/2018-11-02/italys-dangerous-budget-showdown-europe
Italy budget news: Conte warns the EU Italy will ‘change from TOP TO BOTTOM’ | World | News | Express.co.uk
https://www.express.co.uk/news/world/1039658/italy-budget-news-eu-news-giuseppe-conte-european-union-eurozone-draghi-ecb
EU News: EU warned Italy has 'no choice but to LEAVE' bloc and trigger HUGE CRISIS | World | News | Express.co.uk
https://www.express.co.uk/news/world/1039700/EU-News-Italy-Jim-Mellon-European-Union-budget-clash-Salvini-latest-Eurozone-crisis
Oct DB 1.jpg (890×836)
Oct DB 1.jpg (890×836)
DB oct 2.jpg (890×787)
DB oct 2.jpg (890×787)
▶️ DTube
▶️ IPFS
There a number of European economies on the verge of collapse in my opinion. They are being propped up by the central bank which itself has lost all credibility.
Agreed.
It is a race to the bottom . The real question is who is going to go first❓I think the entire EURO ZONE is going to implode like the twin towers on 9/11 .