"Italy runs straight against a wall"

Lorenzo Bini Smaghi publishes an interview today La Stampa in which he traces a heavy enough direction for the path of Italy ruled by the gialloverdi, in which he states that the Belpaese rolls like a train against a wall claiming nothing:

"The economy is slowing down and is likely to sink into recession in the fourth quarter, as it was in 2011: banks had already reduced credit this summer, as soon as the spread had risen." Italian GDP fell by 0 , 6 in the third quarter and 0.9 in the quarter.The fall began because of the spread, even before Monti.The phenomenon is re-proposed.The government, which also surrounds pseudo-economists, does not did not understand it ".

According to Minister Savona, one has the impression that they want to restructure the debt and have it paid for by Europe.
"He wrote and said, and the reaction of other countries was" we do not want to pay the Italian debt, "as many have said, from Kurz to the FDA. is not Savona, but whoever he is talking about He throws gasoline on the fire, they should tell him to stop, he has no place of choice in the League or the M5S However, Tria is in a phase of fortune, those who try to understand what is happening in Italy listen to Savona, and they are mistaken perhaps.

The dragons wanted to mediate.
"Yes, he tried to spread optimism for an agreement on the maneuver with the Commission and shot it verbally.It's like they were looking for an excuse to go to vote or do extraordinary maneuvers, By blaming others, on the other hand, the broad consensus of citizens gives the government the illusion of being able to do anything. "

And then take it out with speculations and Soros?
"If we say" we do not care and we continue ", it only makes us speculate even more against the country, convinced that it goes against the wall. a small Mediterranean country that isolates itself ".

Consent remains high, however. How do you explain it?
"Because the real impact on citizens has not been there yet." There are signs for now. "The recession has not started yet. rolls at high speed, the wall is still not seen, but if you do not slow down, the crash will be violent.