Barclays says Italy is finished: “Mathematically beyond point of no return”

Barclays says Italy is finished: “Mathematically beyond point of no return.” “Simple math–growth and austerity not enough to offset cost of debt.” Damn that math! It’s been screwing up the plans of political super-geniuses for centuries.

This post was last modified on January 26, 2021

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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