.@piie In tightly argued piece reversing a previous position - that #ItalExit 4m #EMU & even 4m #EU could conceivably come 2 pass, @ojblanchard1, @jzettelmeyer & @smerler finally conclude that saner minds in the Italian Senate @SenatoStampa or a Presidential veto might prevent it pic.twitter.com/uY1xjLSB57— Satyen Baindur (@Satyen_Baindur) May 25, 2018
The situation is rich, one might add, w ironies - although 'veto' itself is a Latin word, and the concept originated in ancient Rome as the 'intercessio' meant to empower tribunes on behalf of Plebeians against Patricians - modern Italy actually has only a weak Presidential veto— Satyen Baindur (@Satyen_Baindur) May 25, 2018
...which can be overridden by a simple majority in Parliament. In discussing how the @ecb's #QuantitativeEasing may not apply to Italian bonds after a downgrade, one might note also that the current @ecb President is a former @bancaditalia Governor (& continuing as Emeritus...)— Satyen Baindur (@Satyen_Baindur) May 25, 2018
