This is the Cato Daily Podcast for Thursday, December 15th, 2016.

I'm Caleb Brown.

Populists in Europe felt redeemed by the Donald Trump victory in the presidential

race, but what kind of relationship will U.S. officials have with European

governments over the next several years? Alberto Mingardi is Director General of the

Instituto Bruno Leone, Italy's free market think tank.

He's also a Cato Institute adjunct scholar.

We spoke last week about the strengthening populist movements in Italy and the rest of Europe.

During the campaign when Brexit occurred against the polling,

Donald Trump signaled that as an indication that,

you know, Great Britain was ready for a big change and tried to sort of fold that into his own campaign of running for president and then when Donald Trump was elected president, other so European populist groups and the

populism as a more general movement in various European countries also took that took

that to heart and viewed that as a positive development. So where are we now

start with Italy and then and then move on with other countries in Europe and how the

election of Donald Trump has changed the political calculus.

The Italian popular group is the five-star movement. The five-star

movement is a funny new movement established by Beppe Grillo.

Beppe Grillo is a former comedian turned politician, the sort of phenomenon that Italy

produces from time to time. Mr Grillo has a very different agenda than Mr. Trump.

He is clearly and committedly anti-business.

The web platform of this movement is named Russo,

and most of the political class of the movement

...