What Will Trigger The Next Crisis?Posted: September 9, 2018 Filed under: America Since 1945, business, Italy Leave a comment
What Will Trigger The Next Crisis? is a subtext of many a Wall Street Journal article, but this week that was the headline on what I found to be an unusually succinct and comprehensible roundup of possible catalysts.
Interest Rates Jump
were four of the possibilities, but the one that caught me was
Italy Dumps The Euro
But Italy may be wavering. Italian bond yields spiked in May after two parties with anti-euro leanings tried to form a new government. The crisis could escalate again once politicians return from holidays. Some 59% of Italians want to keep the common currency, official surveys show—the slimmest majority in the eurozone.
I like the idea that a bunch of Italian politicians coming back from vacation is a global financial crisis waiting to happen.
In this same issue of the WSJ: