Ferdinando Giugliano Profile picture
I write columns on the European economy for Bloomberg (@BOpinion). Also on @Repubblica. @SSCNapoli fan. Views my own. RT≠endorsement. fgiugliano@bloomberg.net
May 28, 2018 9 tweets 3 min read
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.
May 27, 2018 11 tweets 4 min read
Mattarella has just spoken. He confirmed the problem was over the appointment of the finance minister. He said he was open to a ‘political appointee’, not to someone who would sleepwalk Italy out of the euro. He concludes that arguing for ‘Ital-exit’ should be done openly. #Italy +++ The 5 Star Movement is now reportedly considering an impeachment of Italy’s President Sergio Mattarella.
May 15, 2018 13 tweets 5 min read
+++ A copy of the draft 5 Star/League agreement (dated yesterday) has been leaked to @HuffPostItalia - I am going to tweet the most relevant sections. Full link below. huffingtonpost.it/2018/05/15/un-… 1) Five Star and the League expect the @ecb to forgive 250 billion euros in Italian bonds bought via quantitative easing, in order to bring down Italy's debt
Mar 5, 2018 11 tweets 4 min read
Good morning all from Rome - as you can see I have opted for the large moka pot this morning. We will all need it! Here are a few thoughts on #Italianelections2018 after an extraordinary night. 1. There are two ways to look at this #ItalianElection2018. One is the electoral outcome: a badly hung parliament. The other is the political message: an anti-establishment triumph.