Silvio Berlusconi is closing the gap on a populist platform of
tearing up the previous Govt's austerity package and cranking up
the deficit spending to offset tax cuts. During the March-April
2012 European soverign debt crisis he's on record as having said
that Italy should inflate away its massive debt load by exiting the
Euro and returning to the Lira. If he returns to power his Govt
should command some leverage over the ECB and Merkel who has her
own election to worry about later in the year. The Italian elite
look on with envy on how the BOE has been monetising so much of the
UK Govt's debt.
Polls throw cold water on Berlusconi
comeback
In the last week the DAX futures took a 350 pt fall. The Italian
election is on Feb 24th and I suspect both European and global
investors will be watching developments unfold.
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Return of Bunga Bunga Man Threatens To Break Market Rally
Posted by rixx on 7th of Feb 2013 at 09:36 am
Silvio Berlusconi is closing the gap on a populist platform of tearing up the previous Govt's austerity package and cranking up the deficit spending to offset tax cuts. During the March-April 2012 European soverign debt crisis he's on record as having said that Italy should inflate away its massive debt load by exiting the Euro and returning to the Lira. If he returns to power his Govt should command some leverage over the ECB and Merkel who has her own election to worry about later in the year. The Italian elite look on with envy on how the BOE has been monetising so much of the UK Govt's debt.
Polls throw cold water on Berlusconi comeback
In the last week the DAX futures took a 350 pt fall. The Italian election is on Feb 24th and I suspect both European and global investors will be watching developments unfold.