Italian Prime Minister Silvio Berlusconi’s Undersecretary, Carlo Giovanardi, said the Italian government is looking into the causes of recent stock market volatility.
In the past, people have suggested that Italy’s stock market is volatile because of the country’s and its banks’ contagion from the Eurozone crisis. In response, a new round of bank stress tests is expected to test banks’ exposure to the crisis, and their survivability under worsening conditions.
Giovanardi has another explanation: drug test them for cocaine!
According to Bloomberg:
Carlo Giovanardi said the government will study if it’s feasible to conduct drug tests on stock- exchange traders, with the help of the Milan Bourse and the country’s market regulator. Giovanardi, who is in charge of family policy and drug prevention, said that the abuse of drugs including cocaine might explain part of recent stock volatility.