Quote of the day

“I find economics increasingly satisfactory, and I think I am rather good at it.”– John Maynard Keynes

Saturday 3 December 2016

Italy referendum on Sunday - does this chart have any effect on outcome?


There is a very strong chance of an Italian banking crisis within a few quarters; this would put Italy in a similar position to Greece - except the Italians have seen what the Troika did to Greece, and so won't be looking for that sort of "help".

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