Italy, a Parallel Currency, and Immigration

Here comes the flood.  My worst fears of The League’s leader Matteo Salvini’s ego getting in the way of seizing the political moment by the horns were overblown. It feels good to be wrong every once in a while.

It looks like coalition talks between The League and Five Star Movement (MS5) have been productive.  A new post from Mike “Mish” Shedlock reveals the likely structure of a new parliamentary deal which has neither Salvini nor M5S’s Luigi Di Maio taking the role of Prime Minister.

From M...