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Italy ‘Will WIN’ Against EU: Economist Admits Budget Crisis Could UNRAVEL Eurozone

  • Italy ‘Will WIN’ Against EU: Economist Admits Budget Crisis Could UNRAVEL Eurozone
    by OLI SMITH, , 13 Nov 2018
    A LEADING economic analyst has predicted that Italy will triumph over the European Union, as the budget standoff between the two sides comes to a head tomorrow.

    There are mounting fears around the future of the EU, ahead of tomorrow’s Brussels-imposed deadline for Italy to submit a revised budget. The European Commission rejected Italy’s 2019 budget last month, claiming it violated a commitment to lower the country’s deficit. However, according to reports, Italy looks likely to submit a very similar budget, which could spark an unprecedented crisis for the EU.

    Leading economist Daniel Lacalle told CNBC’s Squawk Box that Italy will “win” in its battle with the EU – and this could doom the future of the bloc. Mr Lacalle said: “The Italian budget is a problem for the eurozone. It creates a contagion effect with other economies.

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November 14, 2018 - Posted by | Economics, GeoPolitics | , , , , ,

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