It has been chaos in Italy this week. There as been chaos in Italy this week. The two parties hoping to form a coalition government – two populist Eurosceptic parties – suggested that they couldn’t form a government because their choice of finance minister, Paola Savona, was too anti-Europe for their EU loving President Sergio Matterella, who instead decided Carlo Cottarelli was going to head the new government – an unelected prime minister who is nicknamed Mr. Scissors, because he likes to make budget cuts – which is precisely what the people who voted for these parties were voting against.
I talk to Prof Steve Keen about the emerging crisis in Southern Europe.
-
Powell’s negative tone talks down markets. RBNZ talks negative rates.
Powell says it as he sees it, says NAB’s Gavin Friend, but his dovish tone has hit markets today. Later, jobs numbers for Australia and the US.
-
The Perils of Government Subsidies
Even the most ardent supporters of small government will agree there are times when governments need to offer subsidies to companies and industries. But, I suggest to @profestevekeen, there are lots of examples where it has less than the desired effect.
-
2018 in Review from the Morning Call Team
The NAB Morning Call team take a look back at what’s been driving the markets in 2018 and what to expect in the new year.
