Algebris Sees Low Risk of Italy Populists Wanting Out of Euro

The transcript discusses the potential impact of populist governments on Italy's relationship with the euro, highlighting the risks of unsustainable policies and external blame. It also examines market volatility, emphasizing the importance of hedging against risks, particularly through German asset swaps, and debates whether these issues are structural or tactical.

In what ways could external factors be blamed by governments facing economic challenges?

What is the difference between a structural issue and a tactical issue in economic discussions?