ECB europe Giuseppe Conte italy Luigi Di Maio Markets Matteo Salvini

Bad Italian.

"[We will] try to respect all the hurdles Europe imposes, but the well-being of Italian citizens comes first."

[We will] try to respect all the hurdles Europe imposes, but the well-being of Italian citizens comes first. That's from Deputy Italian Prime Minister (and man who is under investigation for kidnapping and abuse of office just three months after forming a government) Matteo Salvini, who spoke to supporters (?) at an event on Sunday. That directly contradicts what Italian Finance Minister Giovanni Tria said last week. According to La Stampa, Tria said he does not intend to breach E.U. limits in the upcoming budget, due by the end of the month. In the same article, La Stampa said Tria has "asked Salvini and Di Maio to be more prudent with their comments." Well, count Salvini "not prudent." His comments Sunday are yet another example of a populist leader causing trouble for no discernible reason. Investors are already on edge about the budget and it isn't at all clear why he would deliberately undermine his finance chief in public, even if he believes the budget is likely to bump up against the 3% deficit ceiling. Of course I'm being deliberately obtuse. There is a "discernible reason". Salvini is attempting to get out ahead of things by painting fiscal profligacy as somethi
Subscribe or log in to read the rest of this content.

3 comments on “Bad Italian.

  1. Francesca says:

    I agree on everything that you wrote but “dobbiamo scegliere tra il giudizio di un’agenzia di rating o gli interessi dei cittadini. Non possiamo pensare di stare dietro ai giudizi di un’agenzia ma poi pugnalare alle spalle gli italiani” = we should choose between the opinion of a rating agency and the citizens’ interests. We can’t think to comply with a rating agency opinion and then stab at the Italians’ back” was actually said by Mr Di Maio, not Salvini.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Skip to toolbar