Italy's populists have won – but they're still not in charge
Recently, the ‘populist’ (i.e. electorally victorious) new government of Italy wanted to appoint an anti-euro finance minister and was told by the President of the Republic that it couldn’t. This caused outrage in Italy, and it made rational people here assume that there would have to be new elections, or the impeachment of the president. In fact, however, both sides have won, or at least lived to fight another day. Professor Savona is not to be finance minister, but Europe minister instead, and the populists are still in charge, yet not in charge. This should not be surprising if one remembers Professor Savona’s own dictum that the euro is ‘a