That Saturday Night Thing

Last week Italy looked set for re-elections and there were fears that, strengthened by the polls, the populist parties would push for an exit from the Eurozone, if not from the EU. It wasn’t helped when President Sergio Matterella decided Carlo Cottarelli was going to head the new government – an unelected prime minister who is nicknamed Mr. Scissors, because he likes to make budget cuts. This week things seem to have calmed down, but Prof Steve Keen says we shouldn’t forget the underlying cause of the disquiet – the Euro. And the problems of a unified currency in Europe haven’t gone away.