Italians are outraged this morning and rightfully so. Over the weekend, President Sergio Mattarella enraged populists by rejecting a cabinet minister he feared would lead Italy out of the eurozone.

If anything, Mattarella dramatically increased the likelihood by appoint an IMF technocrat as Prime Minister when a clear majority of parliament agreed to someone else.

EU Arrogance Compounds the Problem

ZeroHedge reports Italians Furious After EU's Oettinger Says "Markets Will Teach Them" Not To Vote For Populists.