italy issuing bonds at 5% puts them in a very difficult fiscal spot vis a vis their expected 1% growth, their debt to gdp ratio, 5.3% budget deficit, ecb rules for providing assistance, investor expectations, and various other reality constraints.
this is the meloni photo that the economist published in their article that discusses this situation:
it's just a stock photo. but she looks... very stressed, lol.
-
ps- im not ready to discuss hamas vs israel. awful. it will not end well.
-
eta:
official war declaration now. goddamn.