Italy continues Populist trend

Whatever you think, Bepe Grillo and his Cinque Stella movement are utterly nuts.


They are in origination closer to the Monster Raving Loony Party than UKIP.


With success, they have moved to have some actual policies which are suitably anti-elitist. Leave the Euro etc. All in good order really. Even better, the EU approach of appointing PM's from Berlin and Brussels has been proven a failure, hopefully this pathetic experiment will not be re-tried for the sake of the poor countries subjected to it.


Italy itself remains ungovernable, split into regions and hampered by the populace happily ignoring nasty things likes rules, regulations and taxes (makes it a great Country, I love visiting!).


For the UK, the May Brexit plan is perhaps working out. Fillon or Le Pen, Grillo or Berlusconi, the people in charge of the EU will be markedly more friendly to the UK next year. Merkel will be more isolated - though looking at her history this won't bother her much.


Meanwhile, still trying to find the most leveraged way to short these Italian banks....