- Italy is likely to come back into focus for financial markets next month, when they will present their new budget.
- There are numerous plans circulating like a flat tax and a EUR 80B infrastructure blitz; the one thing they have in common is busting public finances.
- This could set off Italy against the bond markets and other eurozone countries and the potential for escalation is rather high.
- It’s simply nearly impossible for a single country to embark on large scale reflation within the eurozone.
Fasten Your Seatbelts For Italy’s New Budget
August 29th, 2018 · No Comments