Quote Originally Posted by drillerpie View Post
Grillo is populist but not right wing. Salvini is right wing.

Japan has a higher debt to GDP ratio, is Japan bankrupt? As I said before you should look at who owns the debt when considering the situation. Keynes would say that the level of the debt doesn't matter but that is of course debatable.

Anyway, we digress. I don't want you to write a wall of text, quote the FT, give me dumbed down examples about your gambling debts, your overdraft or your ifollow payments.

I want you to explain succinctly and clearly why QE is a bail out in the case of Italy but when it happens in the UK or USA it's not. Actually you can explain why it's a bail out at all, seeing as it will be paid back plus bond yield.
I think I've wasted enough time trying to explain this to you.....as I've already stated....Italian debt is escalating rapidly, the EU lend them more and more money, they bailed out their banks which went directly against EU rules.

End of.....I won't be posting again on this subject unless you post blatant lies that need refuting

Have a nice day.