Anti-Establishment Landslide In Italy Looks Increasingly Likely

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Posted: May 31, 2018 10:16 AM
Anti-Establishment Landslide In Italy Looks Increasingly Likely

Sergio Mattarella's appointment of an IMF technocrat to head Italy is about to backfire on him miserably.

I have been following Italian polls quite closely and I suspect the Eurozone nannycrats are doing the same. If so, they are about ready to puke.

The last three polls show support for Lega at 26%. 25%, and 27.5%. Meanwhile the Five Star Movement (M5S) has been in a tighter range of 29% to 30%.

ZeroHedge made this observation. 

The ZH Tweet reflects a single poll that is a couple days old.

However, I would not be surprised in the least to find a 60% turnout for Lega and M5S.

Get Out the Vote

The above Tweet by Five Star leader Luigi Di Maio will fire up the rank and file. Lega leader Matteo Salvini will do the same.

Brussels Fearmongering

Without a doubt, EMU (Eurozone) and EU officials will run a blistering fear mongering campaign in support of someone (anyone) else.

The irony of the tactic is the most likely party is Forza Italia led by Silvio Berlusconi, the very person the EMU forced out of office previously.

The EU backing Berlusconi will likely backfire.

Sergio Mattarella's Options

The vote isn't today. It's not even set.

There is a chance of a compromise. There is a chance Mattarella delays setting an election date. There is a chance Mattarella is impeached.

There is a chance fearmongering works.

That is precisely what the EMU, EU, and Mattarella are banking on.

But let me add a further chance.

The risk of such tactics is that when the vote is held, the anti-establishment vote will be 65% or higher.

I think Mattarella made a huge error in not letting this coalition take office.

Meanwhile there is no budget, and there will not be a budget as long as Italy sits in limbo.