FT: Mass selloff in Eurozone bonds

[Winehole23]

Salvini predictably gives Brussels the finger:

Matteo Salvini said on Thursday that the Italian government will not change “a comma” of its budget plan for next year, even though it was rejected by the European Commission.

https://www.politico.eu/article/matt...of-the-budget/

[boutons_deux]

shockingly ignorant. the EU has claimed the future income of Greece as far as the eye can see.

pensions to decimate, public properties like airports, national parks and seaports to privatize, and money to be squeezed off in perpetually austerian budgets to service the debt to Germany and northern Europe.

To pay off the predatory, vulture Capitalists who knew they were "buying", "asset stripping" Greece by loaning Greece $Bs sure to default, just like predatory Capitalists did with "liar loans", piggy-backed home equity loans during the Capitalist Tool Greenspan's 2000s housing bubble.

[Winehole23]

so much for your contention that Greece was too poor to bail in.

[boutons_deux]

so much for your contention that Greece was too poor to bail in.

so poor and sub-standard, Greece should never have been admitted to EU, as many said when it happened

[Winehole23]

yeah, well now they're a debt colony

[boutons_deux]

yeah, well now they're a debt colony

enslaved to BigFinance like 10Ms in USA

[Winehole23]

EU threatens fines:

Italy, which already has the second highest debt in Europe at 133 percent of GDP, wants to borrow and spend more to deliver on election promises, breaking EU rules that say debt has to fall every year until it is below 60 percent.

The Commission, which is the guardian of EU rules, said last month Italy was in breach of EU rules and should change the draft budget or face a disciplinary procedure that could end up in fines.

https://www.reuters.com/article/us-e...-idUSKBN1O30AO

[Winehole23]

Salvini backed down:

https://www.breakingviews.com/consid...r-another-day/

[Winehole23]

[Winehole23]

Austerity has really paid off