Italy: Too Big to Save?
Pietro Ventani of App Advisors joins Real Vision to break down Italy’s sovereign debt dilemma. Ventani argues that the magnitude of Italy’s sovereign debt was close to a breaking point before COVID-19, and the pandemic was the straw that broke the camel’s back. Pietro explains the big decision the policymakers in Italy have to make – whether to restructure that debt in Euros or Liras. He presents the pros and cons of each restructuring option and explains why the new EU recovery fund does not match Italy’s needs. He provides indicators that will signal the direction of Italy’s decision. Filmed July 27, 2020.