There isn’t any cause for alarm. Foreign investors are going to be protected in Italy — because that’s the way things are and the Italians are too weak to do anything about it.
EU's Budget Commissioner, Günther H. Oettinger, Says Markets Will Teach Italians Who to Vote For pic.twitter.com/CQhbkMUI2J
— The_Real_Fly (@The_Real_Fly) May 30, 2018
EU Budget Commissioner Günther Oettinger's comments to DW that market pressures could "play a role" in voting habits in Italy have landed him in hot water. https://t.co/EMcjLlBAR4 pic.twitter.com/h9aoVEuauc
— dwnews (@dwnews) May 29, 2018
This statement by the German EU commissioner #Oettinger will probably go down as one of the most infamous in European history. It caused an enormous media firestorm and was mentioned by both Salvini and Di Maio in their plea to fight German control over Italy. pic.twitter.com/YHstq9wkGL
— Alessandra Bocchi (@alessabocchi) May 30, 2018
There are only two viable options for @JunckerEU after #Oettinger ‘s outrageous words on Italy.
Either he asks for his resignation or rather he kicks him out of the @EU_Commission. Right away.— Ignazio Corrao (@ignaziocorrao) May 29, 2018
Italian markets are +1.7%, as their ‘caretaker’ Prime Minister eases tensions and subjugates Italians to the establishment yoke. The Italians will likely head back to the polls in July, in order to be ignored again and they’ll continue to head back to the polls until they get it right.
On Tuesday Five Star leader Luigi Di Maio called for a return to the polls “as soon as possible”. Italian media said the elections could be scheduled for as early as July. Mr Salvini and Mr Di Maio furiously denounced the presidential veto, blasting what they called meddling by Germany, debt ratings agencies, financial lobbies and even alleging lies from Mr Mattarella’s staff.
“Paolo Savona would not have taken us out of the euro. It’s a lie invented by Mattarella’s advisors,” Mr Di Maio said in a live video on Facebook. “The truth is that they don’t want us in government.”
Markets like this technocratic approach to rule. Dow futures are +160, WTI is +0.8%, and the Euro, of course the Euro, is +0.8%.
German markets have rejoiced as well, higher by 0.7%.
All is well.
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Europeans need to learn from the USA. Off-script candidates and off-script issues should be dealt with long before they can build public support. The voters should be focused on gay wedding cakes and where to go pee.