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Fasten Your Seatbelts For Italy’s New Budget

August 29th, 2018 · No Comments

  • 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.

Source: Fasten Your Seatbelts For Italy’s New Budget | Seeking Alpha

Tags: Eurocrisis