Marshall Auerback — China Nibbles At Italy, The Eurozone’s Soft Underbelly

China’s Sovereign Wealth Fund is manifesting a growing appetite for sensitive Italian assets. It was always a wonder to us why the Greeks never turned to China when the country was in the throes of its economic crisis, especially as it has many desirable features from China’s perspective: assets in a warm water port in NATO’s security core. Italy obviously shares many of the same characteristics (and is a bigger player in NATO), which does beg the question, has Italy, rather than Greece, become Europe’s soft underbelly?

Macrobits by Marshall Auerback
China Nibbles At Italy, The Eurozone’s Soft Underbelly
Marshall Auerback