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Bears Brace For Worse As Italy Now Riskier Than Brazil

Kenneth Rapoza

Northern League leader Matteo Salvini speaks with the press on May 28, 2018 after leaving the Chamber of Deputies in Rome, Italy. Italian President Sergio Mattarella nominated  the former director of the IMF Carlo Cottarelli as prime minister, after Giuseppe Conte, the previous candidate, had quit after Five Star Movement and Northern League appointee as finance minister Paolo Savona was rejected by the Italian president. Italy has proven yet again that the main market risk facing the world today is not a China hard landing or the Russian ne’er do wells.