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Steve Bannon: “The Italians are probably close to a sovereign debt crisis.”

Featuring: Steve Bannon, Former White House Chief Strategist | National

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 22:15

The bond market has turfed out more governments than howitzers. If you look over the last couple of years, Liz Truss in England, really, the assembly in France Under Macron, the Germans, right. The Italians are probably close to a sovereign debt crisis. Spain, England's been a couple of governments, even Starmers under, under real pressure. So no, the global capital markets, particularly when you have to borrow this much money, the ten year treasury is, you know, Bob Rubin used to run the country under Clinton. (22:15–22:20)

CLAIM

Asserts that Italy is nearing a sovereign debt crisis.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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