4.4 • 4.9K Ratings
🗓️ 2 October 2018
⏱️ 16 minutes
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Could Italy’s new budget plans lead to a fresh Eurozone crisis? Elon Musk versus the regulators. And the challenges of replacing the LIBOR rate.
Helen Joyce hosts. Music adapted from track by The Waiters (CC by 3.0 UK)
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0:00.0 | Financial markets are more complex than ever. That's why Goldman Sachs is |
0:04.5 | harnessing the power of its global analysis to break down the key factors |
0:08.5 | driving the markets and the economy each week. We'll be speaking with Goldman |
0:13.0 | Sachs' team of global economists, financial analysts, and investors to help |
0:17.6 | you prepare for the week ahead. Join us every Friday for just 10 minutes or |
0:21.8 | less. Listen to the markets. Your go-to source for un-missable financial insights. |
0:30.0 | Hello, I'm Helen Joyce, the finance editor of the Economist. Welcome to Money |
0:39.1 | Talks. Coming up on the programme, Italy is going head-to-head with the European |
0:43.6 | Commission with its new budget plans. The government really doesn't seem to have |
0:48.0 | much interest in boosting the sustainable growth rate of the economy. Elon Musk |
0:53.0 | versus the regulators. He, like a certain argument of the White House, tweets at |
0:58.1 | odd hours of the day and night and often says things that are aspirational rather |
1:03.4 | than demonstrably true. How do you replace the world's most important number? I |
1:08.0 | know you fully appreciate the importance of this index, how widely used it is for |
1:12.7 | all kinds of transactions. First, should we be worried about Italy's |
1:17.5 | sparking the next Eurozone crisis? The country's new-ish coalition government |
1:21.2 | and its first budget plans to run a deficit of 2.4% a GDP for the next three |
1:27.0 | years. It's sidelined its own finance minister, Giovanni Trier, who would |
1:30.1 | want to get the budget nearer to balanced, and the question is how that's going |
1:33.3 | to go down in Brussels. The Deputy Prime Minister, Matteo Salvini, |
1:37.2 | has said that his government will put the interests of Italians ahead of those |
1:40.8 | of the Uburocrats. Ratchan Ashanboag is our Europeconomics correspondent. |
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