Expect the Eurozone to go bananas over Italy’s election.

[Mindful]

I’ve been hearing disturbing but well-informed voices about the result of the election in Italy, the Eurozone’s third biggest economy, which if correct will cause the global liberal elite to go ape and try to section Italy. The result which such voices are predicting will have a similarly disturbing effect on global libertarian conservatives. As for the markets, they will go bananas.

Expect the Eurozone to go bananas over Italy’s election | Coffee House

 

[Mindful]

* The Lega is also hostile to the EU and the euro and promises a flat tax of 15 per cent in Italy a country where the official fiscal hit on each Italian family is 43 per cent of each euro earned (the real rate is much higher and more like 48 per cent ). Berlusconi proposes a flat tax of 23 per cent. The Lega also proposes a living wage to stay at home mothers.

I think a hell of a lot of young Italians will have voted for the Lega and its youthful leader Salvini who talks tough but is very practical and molto simpatico. The official youth unemployment rate is down from 45 per cent five years ago but still appallingly high at 35 per cent. And it is young Italians – unlike in Britain – who are most hostile to the EU which has only made Italy’s economic and migrant crises even worse and so their own already bleak prospects even worse.

This of course makes them likely also to vote for the anti-etablishment internet movement M5S which promises “Piazza Pulita!” and “Vaffa! (drain the swamp, and fuck off – roughly speaking) – to the old way of governing the country.
According to those last opinion polls before the black-out two weeks ago around one third of Italians were either undecided or would not vote so disgusted and disillusioned by Italian democracy are they. Of these one third would will vote – they told pollsters – but had yet to decide how. That’s 10 per cent don’t knows. They hold the key.*