Wednesday 30th May 2018
A fresh global financial crisis unfolding?
We all enjoy a little drama….
Some get it via sport. Others turn to the TV soap operas or the celebrity gossip columns in the newspapers….
But here at Money Truths we stick to the financial beat, where we find more than enough catastrophe, crisis, calamity, impending doom, fear, panic, hot air and all-out confusion to keep us entertained in perpetuity….
We don’t know who writes the scripts. But there’s never any shortage of action and we are never too far away from the next cliff hanger….
This week it is the Italians who take center-stage and teeter on the brink – threatening to take the rest of us over the edge with them…
- Breaking the trust….
Trust, once broken, is something that can be difficult – if not impossible – to repair….
Trust in the Italian system is approaching breaking point this week, thanks to President Materella’s decision to veto the appointment of economist Paolo Savona as finance minister….
His decision effectively thwarted plans for a government coalition between Lega Nord and the more left-leaning Five Star movement – a coalition that had enjoyed widespread public support….
Materella (a dyed-in-the-wool Europhile) justified vetoing Savona’s appointment based on the latter’s long-term opposition to the euro – something, it was claimed, that might provoke an Italian exit from the EU….… Click here to read more