Brace Yourself For Italy's Bankruptcy

Matteo Renzi has joined a long line of Italian prime ministers who failed to “reform” their country. This is another way of saying that he could not wave a magic wand and make Italy competitive with Germany. The grim reality is that no Italian leader stood a chance of changing their country once the fateful decision was made to peg its currency to Germany’s. At the time of the euro’s launch in 1999, I argued that the risk profile of Italy would change from being an economy where there was a high probability of many currency devaluations to the certain probability of eventual bankruptcy. Sadly, that moment is not so far away. Dec. 21

http://www.zerohedge.com/news/2016-12-20/brace-yourself-italys-bankruptcy

Italy’s  horoscope is presented here. Notice that Saturn is transiting over the South Node in the 2^nd and  beginning an opposition to radix Sun and Uranus in the 8^th house. The 8^th rules debt and a country’s financial solvency [1] so that a crisis of bankruptcy is indeed very much on the horizon.

[1] http://www.skyscript.co.uk/temples/h8.html