What a Draghi! Nationalists and Populists Sink Italian Government

ZH: Italy Government On Verge Of Collapse After Coalition Members Abandon Draghi; Euro Tumbles

Forza Azzuri! I bought some August calls on iShares MSCI Italy (EWI). Still looking for a bounce. Early elections by September could follow if Draghi's government falls. As has been the case before, if the 5-Star can find agreement with the right-wing parties, they have enough votes between them (based on current polling) to form a government. However, Salvini scored an own goal when he tried rehabilitating his pro-Russia position by supporting bad policies such as the EU sanctions. Throw a potential Russian peace offer into the mix and who knows how things will play out over the next eight weeks if an election is coming...