The ECB has soaked up €300bn of Italian debt

Italy has pulled off an “internal devaluation” within the eurozone, albeit at the cost of a deeper depression than the 1930s. 

 Matteo Salvini, the Lega strongman and soon to be Italy’s co-leader

 His goal is to set off a chain of events that leads to German withdrawal as the “cleanest” way to end what he calls the “infernal instrument of the euro”.

Ambrose Evans-Pritchard Telegraph 13 May 2018

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