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The Italy Crisis – is it Parmageddon?

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.

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