Deutsche Bank AG (DB)

[fromtheuk]

Italy government decision tomorrow, with huge implications for DB / EU / EURO whichever way it goes.

1) new government formed. No election.. markets initially improve, however civil unrest on the cards as the far right is denied power. Salvini will campaign in opposition until the government collapses under the pressure of its people.

2) no deal, election called. Salvini wins, and forms a true far right government with possible coalition with other far right parties. Leans towards Russia, obvious friction with the EU. Crashes out of Euro with nasty defaults.