Italy 1 versus Germany 0

Monday, 25 June 2018

And I’m not talking about soccer, via the FT:

Italy’s new populist government demanded the EU rip up its system for dealing with migrants at a mini-summit in Brussels on Sunday that laid bare divisions in the bloc over migration policy and piled pressure on German chancellor Angela Merkel.

Dubbed the “summit to save Merkel”, the chancellor was one of 16 European leaders at a hastily convened gathering in the Belgian capital ahead of a full meeting of the EU’s 28 leaders to thrash out a migration deal on Thursday.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.