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Dear Italy: You Now Stand Accused Of ‘Unprecedented’ Crimes Against Budget Discipline
Speaking to reporters in Rome after a meeting with the E.U.'s Pierre Moscovici, Italian Finance Minister Giovanni Tria said this on Thursday:
We and the E.U. have different views on Italy's policies.
That's a candidate for understatement of the year.
If you ask Moscovici, Italy’s draft budget for 2019 doesn't just represent a difference of opinions. Rather, it represents "an obvious significant deviation" from the bloc's rules. That, according to a letter to Tria penned by Moscovici and
Many Italians don’t know the difference between the auction primary market and secondary market. I sometimes hear sentences like ” when I buy BTPs with my bank, the bank grants me a yield, that’s the rate I have till expiration, I don’t understand this matter of yields changing everyday, what the f….is this spread”? Di Maio and Salvini, like Berlusconi and many other predecessors, have this big advantage, they can always count on the Italians’ lack of financial education. They can always sell some story to the people, mainly the conspiracies and complots.
Delusional Don can show them real reckless MAGA budget deficits. They should learn from The King of Debt. Some day soon when Delusional Don causes us to pass Italy we’ll all wish we were Italians. MAGA in Delusional Don’S world. Sad!!!