He makes some very basic points, that may indicate that QE will not work because we are still in a situation of deficient demand. Also he points out the absurdness of some Draghi’s comments.
Some commentators (notably Ambrose Evans-Pritchard) have warned for a long time Italy is the elephant in the room, and not only because its companies are competing directly with Chinese companies (and quite likely losing out).
Here, in a very tight post with lots of data. What did Marx again say about tragedies and farces? What did Einstein say about expecting different results from doing the same thing over and over?