still with us is university of california professor barry eichengreen. will happen next? other markets just overreacting by the 2.4% deficit target? barry: i think they may well be. there is populist governments in italy. expensivemade campaign promises and they need a big budget deficit. the league, on the other hand, believes more, at least, in fiscal responsibility, so one could see an end game where the markets react badly, i've star loses more support. the league is in a stronger position, at least partly. i wouldn't rule that out. i guess the key to this is if the finance minister, , seen as the markets someone you can rely on, stays, what would we see? mery: now you are taking beyond my knowledge of italian politics. i don't think anybody knows if he's going to stay, or for how long. in a heatedte this essay in the guardian four months ago. steepedlism, that has italy this morning, and this talkd we don't want to about, fascism. not franco's fascism or the kind steve bannon is talking about, but it is the modern tinge of fascism. is that an arch wo