Read more on this subject: Italy
News Story Source: https://needtoknow.news, Channel 4 News
They formed a coalition government and vowed to deport 500,000 migrants. The coalition was blocked by President Sergio Mattarella who refused to accept their candidate for minister of the economy, because the candidate advocates a back up plan to exit the Eurozone market and Euro currency. Mattarella then appointed a globalist IMF official, Carlo Cottarelli, as the prime minister. Cottarelli, an establishment technocrat, was massively opposed and had to resign after only a few days in office. -GEG
The Italian people were on the edge of revolt after the President refused to hand over the mantle of power. Markets roiled. Italy has $2.33 trillion in debt that computes to $102,050 per household. Meanwhile, unemployment is running between 11% and 23%. The populists want to invest in growth to deal with the debt instead of austerity. The European Central Bank is pumping $397,000 billion into the country.
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