Eurozone Day Of Reckoning Coming Soon: Showdown Between Italy And Germany Looms

by Michale Shedlock via MishTalk.com,
ZeroHedge.com
Dec 12, 2016

The eurozone cannot survive without Italy. The serious problem at the moment is the Eurozone also cannot survive with Italy.

Two of Italy’s three largest parties are anti-Euro. The only party in Italy that does support the euro is ex-prime minister Matteo Renzi’s Democratic Party. And with Renzi gone, there’s a huge risk the party splinters.

Regardless, there are no likely scenarios that can keep things from flying apart according Wolfgang Münchau. I believe his analysis is solid.

The Rest…HERE

This entry was posted on Monday, December 12th, 2016 at 12:27 pm and is filed under World Politics. You can follow any responses to this entry through the RSS 2.0 feed.