Farrage does have a German wife, after all. Back channels are available.
Announcement
Collapse
No announcement yet.
Return of the Lira? Italian general election, 2018
Collapse
X
-
From the FT
this week’s poorly subscribed retail bond sale has dashed the governing parties’ hope that Italian households would provide a fresh source of debt market demand for government paper. The sale raised just €2.2bn over four days, far lower than the usual €7-8bn that BTP Italia sales fetch.Lorenzo Codogno, founder of LC Macro Advisors and former chief economist at the Italian Treasury, puts a 70 per cent likelihood on Italy “muddling through until the European elections” next May.
“Interest rates will keep moving higher, amid high volatility, with the 10-year government bond spread within a 300-400bp range, high enough to produce a slow-burning banking and economic crisis but not a major accident,” he said. “After the European elections, the Italian government may well start adopting a more constructive attitude and gradually become more mainstream — however, this is far from granted.”
Comment
-
“Interest rates will keep moving higher, amid high volatility, with the 10-year government bond spread within a 300-400bp range, high enough to produce a slow-burning banking and economic crisis but not a major accident
Comment
-
I see Ticino has this bunch of charmers.
https://en.wikipedia.org/wiki/Ticino_League
As well as being pals of the Swiss People's Party, they seem to be pals of the Lega Nord. Would I wrong in thinking some of the capital flighters from Italy would have voted for the Lega Nord? One for the great tome of Rightwing Personal Responsibility, if so.
Comment
-
If by “some” you mean “lots”, then yes.
Banks in Ticino are preferred for linguistic and cultural reasons, but also because many well off Northern Italians have long had bolt hole flats there as “currency hedges” and because a number of Ticenese banks have long made this clientele a serious business priority.
Comment
-
-
i guess this as good a place as any for this amazing article about Bengali shopkeepers in Palermo standing up against the Mafia
Comment
Comment