Italy’s Mini-BOT Trojan Horse Could Blow Up the Eurozone, by Mike “Mish” Shedlock

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Italy shows no sign of folding like the Greeks did a few years back when they took on the EU. From Mike “Mish” Shedlock at money-maven.io:

Italy threatens to create a parallel currency dubbed the Mini-BOT. If launched, it could lead to a Eurozone breakup.

Italy’s is on a collision course with the EU in two different ways. The first regards Italy’s budget.

Outgoing European Commission President Jean-Claude Juncker warns Italy faces an “Excessive Deficit Procedure” and may be fined billions of euros. No country has ever been fined. This is the first time a country has faced such a ruling.

France regularly breaks the deficit rules but “France is France” as Juncker once stated.

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from https://straightlinelogic.com/2019/06/13/italys-mini-bot-trojan-horse-could-blow-up-the-eurozone-by-mike-mish-shedlock/

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