Italy expects economic attack similar to Turkey

Economic crisis could hit Italy by end of August, prime ministry undersecretary says

Italy expects economic attack similar to Turkey

World Bulletin / News Desk

Italy's Prime Ministry Undersecretary Giancarlo Giorgetti said his country could face an economic attack similar to Turkey.

In an interview to local newspaper Libero on Sunday, he said they were expecting a similar crisis by the end of August or beginning of September as market assaults were affected by small summer trading volumes.

"The markets are populated by hungry speculative funds that choose their prey and pounce," he said.

"In the summer the market volumes are small, you can lay the groundwork for aggressive initiatives against countries. Look at Turkey," he added.

Giorgetti said that in case of such an attack Italy has "the resources to react, thanks in part to its large amount of private savings".

 

Last Mod: 13 Ağustos 2018, 15:07
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