Italy In Recession, Eurozone Stalling, Britain Growing

The Italian National Institute of Statistics has confirmed that Italy is now in recession. In the final two quarters of 2018, the Italian economy shrank by 0.1% and then 0.2% respectively, and the Italian Prime Minister has stated that he expects the recession to continue this year. Things are getting worse…

Growth for the Eurozone as a whole sat at just 0.2% in the last quarter of 2018, half the speed of UK growth. Despite Brexit…


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Soros on the pan-European elections to the EU parliament…

“It is difficult to see how the pro-European parties can emerge victorious from the election in May unless they put Europe’s interests ahead of their own. One can still make a case for preserving the EU in order radically to reinvent it. But that would require a change of heart in the EU. The current leadership is reminiscent of the politburo when the Soviet Union collapsed – continuing to issue ukazes as if they were still relevant.”

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