Mamma Mia! 🤌 (Got #bitcoin?)

“Real interest rates are surging across the developed world as a mechanical inverse effect of falling inflation (be careful what you wish for). In Italy this is colliding with a debt ratio of 140pc of GDP, pressing the limits of what is tenable for a “sub-sovereign” borrower that no longer prints its own currency.”

“The other point to understand is that the EU will in the end throw out all the rules and do what it takes to save Italy, because if Italy ever spins out of control, and out of the euro, it is the end of the European project.”

https://www.telegraph.co.uk/business/2023/10/20/eurozones-next-crisis-already-approaching-italy/