Today on Morning Macro, Dan Davies of Frontline Analysts explains Italy’s incipient banking crisis, that has its roots in a sluggish Italian economy as well as excessively protracted bankruptcy regulations. Italy is seen as a potential flash-point for the return of the Eurozone crisis, so tune in to understand the nuances of this story.
In the second half of the show, Tom talks to Sony Kapoor, head of think tank Re-Define, about what the Norwegian sovereign wealth fund is doing wrong. The world’s biggest investment fund ought to be investing in emerging markets and emerging technologies, he says, if for no other reason than to hedge against Norway’s own dependency on oil and its ageing demographics.
Music by longzijun