I don’t agree with his conclusions…but the substance is true.
The difference this time is the Italian people have had enough of having the piss taken over the EU/Euro and having the EU ride roughshod over them. They now have a government that is more than standing up to the EU, it is treating the EU with contempt…the Italians are getting their pride back. The worse the mkts get, the more angry the Italians will get.Eventually they will walk and tell the EU to rotate.