The soft coup d’etat of Brussels monetary orthodoxy over democractically elected Italian politicians could turn out to be the EU’s largest banana skin yet. It has shaken the markets and played into the hands of the populist Mario Salvini and Luigi Di Maio, who had formed a coalition with the largest bloc between them from the last election. By veto-ing their choice of finance minister who has solid credentials, but like most economists harbours doubts about the long-term viability of the euro, the President Sergio Mattarella could have overreached disastrously.
Another Italian election is likely but there are wider worries given the high levels of debt in France, Italy, Belgium and Spain. If this wobbles towards another 2011 crisis, which was resolved by bullying Greece into submission, there are fewer options available. Italy is a larger economy by far; Merkel has lost much of her power; and Macron could be weighed down by internal French debt problems. And the European Central Bank will have reached the limits of its ability to keep plugging the sea-wall.
First Italy. Matteo Salvini, 9 March 1973 10pm (unverified) Milan, has an entertaining 5th house Sun Venus Mercury in Pisces on the focal point of a Mutable T Square to Saturn opposition Neptune – a sizeable ego, scattered, disorganised, unrealistic; with an excitable and argumentative Mars in Capricorn in the 3rd square Uranus. Plus a confident Jupiter trine Pluto. He’ll be kicking furiously against restrictions in June but getting a boost in July to mid September from tr Uranus square his Jupiter, which returns in 2019. Overall this a high-wire, nervy year for him. Where he comes into his own will be in 2019/2020 with a successful tr Pluto conjunct his Jupiter/Node from April for two years thereafter; and he’s also got a superlatively confident Solar Arc Jupiter conjunct his Sun, exact in 18 months’ time. His life will be moving through major changes also in 2019/2020 with tr Pluto square his Uranus. With more triumphs in 2022/23.
Luigi Di Maio, 6 July 1986 6.40pm Avellino is a New Moon in Cancer trine opposition Mars in Capricorn and trine Jupiter in Pisces – confident, lucky, volatile, tuned into the nationalist zeitgeist; with an inspirational, attention-demanding Fire Grand Trine. He’s got tr Saturn moving through his first quadrant, so will sag for a few years especially from 2019 onwards, but he’s young enough to pick up again into the early to mid 2020s onwards.
President Sergio Matarella, 23 July 1941 11.40am Palermo, is a controlling 10th house Sun Pluto in Leo; with a heavyweight Saturn Uranus in Taurus square Venus and trine Neptune. He’s being seriously shaken by tr Uranus square his Sun now and into 2019; and in a disruptive square to his Sun/Pluto in June, also into 2019. Into next year tr Uranus squares his Pluto and is conjunct his Mars/Saturn midpoint – all of which looks storm-strewn. The President is largely a ceremonial position and there are calls for his impeachment but he could also choose to resign.
The really intriguing question is what is happening between Germany and the EU. The relationship chart has a blocked tr Saturn opposition the composite Pluto, picking up last month and again in the autumn, moving onto a separating conjunction to the composite Sun late this December and Mercury in 2019. Tr Uranus is square the composite financial Venus now and again in the autumn, and early 2019; square the composite Uranus in July to mid September this year and again in 2019; and then moves towards a convulsive angry opposition to Mars from May 2019 for a year. It’s unthinkable that Germany would bale but the very foundations of the bond are being shaken. Almost certainly due to Germany putting a freeze on liquidity, for which there have been growing demands recently, especially with the German economy slowing. And that would spell real trouble for the monetary union, perhaps of a terminal variety for the euro as it operates at the moment.