Focusing on Italy, here I explain the reasons why I use a graph that represents the evolution in the daily percentage growth of total confirmed #COVID19 cases. In particular, (i) I compare this type of graph with one that represents the absolute increases of COVID cases, (ii) discuss how this graph allows to compare countries and (iii) point out how one can easily calculate the doubling time of cases.
The so called “minibots” (proposed by the chief economic advisor to Matteo Salvini) should minimize the transaction costs of eurexit, by providing a parallel currency when this happens. They won’t help much and they worryingly show to the financial markets the willingness by some members of the Italian government to leave the eurozone.
A referendum is an awfully bad way for Italy to leave the eurozone. But general elections with Salvini’s League being explictly or implicitly against the euro might be equally bad.
The spread on Italian bonds is soaring, since rational investors give an increasing probability to unsustainable deficit spending and/or the search for a “pro-eurexit accident”. As a first step to bring back the situation to normal, League’s Salvini should explicitly back pro-euro Minister of the Economy Tria, and possibly replace his euro-skeptical economic advisors.
RicPuglisi 