Friday, September 26, 2014

Marshall Auerback — Italy Is Now The Eurozone Weak Link

Mario Draghi, the ECB President, continues to profess optimism that the Eurozone will recover in the 2nd half of this year. Hopefully, his native country is not the basis for this optimism.

Italy was always going to be where the chickens returned to roost. It is in a dreadful state.…

Macrobits by Marshall Auerback
Italy Is Now The Eurozone Weak Link
Marshall Auerback

1 comment:

Unknown said...

Does Mr Draghi know something the rest of us don’t, or is he delusional?

My guess is that he is running out the clock according to the approved script.