Authored by Tom Luongo, Italian Deputy Prime Minister Matteo Salvini was right to call out the EU over the failure of the bridge in Genoa this week.  It was an act of cheap political grandstanding but one that ultimately rings very true.

That's more than enough to become a real concern for everyone especially since ECB President and VP of Propaganda, Mario Draghi, keeps telling everyone he's going to stop buying EU sovereign debt before the end of the year.

If the next step in the financial war is to threaten Turkey with SWIFT expulsion over doing business with Iran, then Turkey's next move could be to raid Incerlik and extract those Erdogan believes to be guilty of organizing the coup.

So, remember the situation, Turkey has leverage over Europe because of the debt load while the US has leverage via the currency the debt is denominated in.

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Categories: ZH