Discover and read the best of Twitter Threads about #Mattarella
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Ore 10:16 iniziamo a bruciare miliardi di capitalizzazione del sistema bancario...
#ManovraDelPopolo un par di ciuffoli
#ManovraDelPopolo un par di ciuffoli
ore 10:27
1 - There is a lot of confusion over why Italy’s President #Mattarella chose to veto Paolo Savona as finance minister, leading to the collapse of a possible 5 Star-League government. Here’s a short thread explaining what he said last night. #Italy
2 - The main problem was Savona’s explicit support for a ‘Plan B’ to leave the euro - which he did not withdraw before receiving the nomination. This plan had to be secretive, according to a set of slides he co-authored in 2015.
3 - If you are an investor in Italian bonds and you think the finance minister may have a secret plan to leave the euro, what you do? You sell your government bonds, as you fear you will be paid back in a less valuable currency (Lira). This causes a self-fulfilling crisis.
