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China Slams Syrian Airstrikes As Germany And Italy Refuse To Participate
China Slams Syrian Airstrikes As Germany And Italy Refuse To Participate While the western community has been broadly supportive of the overnight strikes launched against Syria by the US, UK and France, two prominent members have either refused to participate or outright oppose them. As we first reported last week, Germany (along with Italy) refused […]
Despite Years of ECB’s QE (Ending Soon), Italy’s “Doom Loop” Still Threatens Eurozone Financial System
Despite Years of ECB’s QE (Ending Soon), Italy’s “Doom Loop” Still Threatens Eurozone Financial System Even banks outside Italy have an absurdly out-sized exposure to Italian sovereign debt. The dreaded “Doom Loop” — when shaky banks hold too much shaky government debt, raising the fear of contagion across the financial system if one of them […]
Russia Blamed For Italian Election Outcome
Russia Blamed For Italian Election Outcome If there is a European election, and the anti-establishment parties score a stunning victory (as just happened in Italy, and a few months prior, in Austria), who’re you gonna blame? Vladimir Putin (of course)! That’s what Samantha Power, one of the top diplomats in the Obama administration, did when […]
Italian Elections – Another Nail in the Coffin of Brussels?
Italian Elections – Another Nail in the Coffin of Brussels? The Italian election results are in and once again it demonstrates that correlating economics with voting, you end up with a far more accurate forecast. Trying to predict based upon samples of calling people appears to be not merely questionable, but also prone to human […]
Italy’s Results are Truly Forza Italia!
Italy’s Results are Truly Forza Italia! Europe is headed for a breakup. But, after a year of watching the EU establishment work the polls just enough to maintain the status quo in the Netherlands, France and Germany I wasn’t expecting much from yesterday’s Italian elections. But with turnout over 73% we got just that. Voters were […]
Will Italy’s Banking Crisis Spawn a New Frankenbank?
Will Italy’s Banking Crisis Spawn a New Frankenbank? “Operation Overlord.” There are rumors currently doing the rounds that Italy’s banking problems have finally been put to rest. The FTSE Italia All-Share Banks Index has soared about 40% over the last 12 months, about double the advance by the Euro Stoxx Banks Index. Six of the […]
Riots Breakout Across Italy Ahead Of General Election (And Markets Are Getting Anxious)
Riots Breakout Across Italy Ahead Of General Election (And Markets Are Getting Anxious) Heading into the weekend, the Italian government massively stepped up security across the country in anticipation of demonstrations by anti-fascist and far-right groups, ahead of the general election on March 04. Italians will go to the polls next Sunday, in an election […]
Turkish Warships Threaten To Sink Italian Drillship In Cypriot Waters
Turkish Warships Threaten To Sink Italian Drillship In Cypriot Waters Amid escalating tensions between Cyprus and Turkey in the Mediterranean Sea, the two countries appear headed towards an inevitable resource war. Just two weeks since we first reported on Turkey’s aggression in Cypriot waters, KeepTalkingGreece.com reports that a serious incident took place at 10 a.m. […]
Meet the Italian government’s Orwellian new automated tax snitch
Meet the Italian government’s Orwellian new automated tax snitch By the end of the 3rd century AD, the finances of ancient Rome were in terminal crisis. Years and years of debasing the currency had resulted in severe hyperinflation– a period of Roman history known as the Crisis of the Third Century (from AD 235 through […]
Musical Tribute to Bribes in the US, Israel, Nigeria, Everywhere
Musical Tribute to Bribes in the US, Israel, Nigeria, Everywhere Israeli PM Netanyahu and Shell executives face bribery charges. US politicians are second to none when selling votes. Bribes Israeli Style NPR reports Israeli Police Push For Prime Minister Netanyahu’s Indictment On Corruption Charges. Israeli police are urging the attorney general to indict Prime Minister […]
ECB Forced to postpone New Stricter Credit Rules Indefinitely
ECB Forced to postpone New Stricter Credit Rules Indefinitely The ECB’s was forced to suspend its new stricter credit rules indefinitely concerning bad loans. The banks were screaming “you idiot” for it would have pushed way too many banks over the edge, particularly in Italy. With the Italian elections coming in March, the new rules would […]
Stressful Year Ahead for Spanish Banks
Stressful Year Ahead for Spanish Banks The “spillover effects.” Just how much more stress Europe’s banking system can bear will be one of the big questions of 2018. This year was already a pretty stressful year, what with two major Italian banks being put out of their misery while, another, Monte dei Paschi di Siena, […]
Cradles of Capitalism: The City-States of Greece and Italy
CRADLES OF CAPITALISM: THE CITY-STATES OF GREECE AND ITALY There long has been a persistent academic debate as to whether an “ancient economy,” referring mainly to Greece, even existed at all. In a field dominated by Marx, Marxists, the 19th century sociologist Max Weber, and such scholars of renown as Sir Moses Finley, the lingering image […]
