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Italy’s New Government Eats Its Words, Joins Bank Bailout Club
Italy’s New Government Eats Its Words, Joins Bank Bailout Club Well, that didn’t take long. And whatever happened to the Eurozone’s new bail-in rule? Italy’s government, in its eighth month in power, has already bailed out a bankrupt bank, mid-sized Banca Carige, with public funds. If approved by European Commission and the ECB, it will […]
ECB Takes “Unprecedented” Step Of Putting Italy’s Banca Carige In Administration
ECB Takes “Unprecedented” Step Of Putting Italy’s Banca Carige In Administration Investors who had hoped that the resolution of Italy’s budget showdown with the EU would mark an end to a volatile period for Italian bonds and stocks were disappointed Wednesday when fears about an Italian banking crisis reemerged after the ECB appointed a slate […]
The European Project Comes to an End
The European Project Comes to an End The end of the EU and the Balkans as China’s foothold in Europe Though the end of the European Union is inevitable, the proponents of a further integrated or federal superstate are busy making a last effort to achieve their goal. The opposition against the project is mounting […]
Macron Heralds The End Of The Union
Macron Heralds The End Of The Union Paul Almasy Paris 1950 The concept of the EU might have worked, but still only might have, if a neverending economic boom could have been manufactured to guide it on its way. But there was never going to be such a boom. Or perhaps if the spoils that […]
Italy, the EU, and the Fall of the Roman Empire
Italy, the EU, and the Fall of the Roman Empire The EU leadership is trying to contain a crisis that is emerging at increasing speed: this challenge comprises the rise of contumacious states (i.e. the UK, Poland, Hungary and Italy), or of defiant, historic ‘cultural blocs’ (i.e. Catalonia) – all of whom are explicitly disenchanted […]
There Is Suddenly A Far Bigger European Problem Than Brexit Or Italy
There Is Suddenly A Far Bigger European Problem Than Brexit Or Italy Forget Brexit and Italian populists for a second. It’s worth paying attention to what’s going on in France. For more than two weeks, the country has been disrupted by an unusual protest: the so-called “Gilets Jaunes” or “Yellow Vests.” France is used to […]
Salvini Takes Control of Europe’s Future
Salvini Takes Control of Europe’s Future Deputy Prime Minister Matteo Salvini just declared himself the leader of the Europe’s future. He refuses to budge one inch in negotiations with the European Union over Italy’s budget now threatening to take down the government. And in doing this he not only speaks for Italians, he is now […]
Salvini Threatens To Collapse Italy’s Government If Deficit Target Is Changed
Salvini Threatens To Collapse Italy’s Government If Deficit Target Is Changed Italy’s Deputy Prime Minister Matteo Salvini escalated the ongoing standoff between the EU and Italy, saying he would bring down the government if the coalition’s budget deficit target was changed. The remarks by Salvini, Italy’s de facto leader who has been enjoying a steady climb […]
The Big Bet Against Italian Banks
The Big Bet Against Italian Banks The eurozone’s third-largest economy, Italy, is marooned in a deep political and economic crisis, with seeming endless problems: an economy that has barely grown in decades, sky-high unemployment rates, ballooning national debt, an inability to form a stable coalition government and, lately, a looming showdown with the EU over […]
QE Created Dangerous Financial Dependence, Italy Hooked, Withdrawal Next, ECB Warns
QE Created Dangerous Financial Dependence, Italy Hooked, Withdrawal Next, ECB Warns “Who will purchase the €275 billion of government debt Italy is to issue in 2019?” The ECB, through its army of official mouthpieces, has begun warning of the potentially calamitous consequences for Italian bonds when its QE program comes to an end, which is […]
Take Heed Italy, Brussels Doesn’t Care One Whit About You
Take Heed Italy, Brussels Doesn’t Care One Whit About You Watching the complete betrayal of Brexit by British Prime Minister Theresa “The Gypsum Lady” May is proving to be a wake up call for Italians. The latest polling results coming out of Italy show that while the populist coalition in Italy is unpopular in Brussels […]
Blain: “Who Will Purchase The €275 Billion Of Debt Italy Expects To Issue In 2019?”
Blain: “Who Will Purchase The €275 Billion Of Debt Italy Expects To Issue In 2019?” Gamma Ray Bursts, El-Erian on market disruption, Tech Stocks and Italy Bonds. “I’ve always admired Capital Mainwaring.” [I don’t!] I must stop reading newspapers. They are scary. Why worry about stocks and bonds when we’ve apparently got a pinwheel Nebula […]
In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions
In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions Yields on Italian government bonds fell on Wednesday morning as the euro climbed following reports that Italy’s ruling coalition might be open to reviewing its budget plan. Though the Italian government swiftly denied the reports about being open to changes in its plan, the […]
60% Of Italians Think EU Is Bad For Italy
60% Of Italians Think EU Is Bad For Italy If the European Commission does levy billions of fines against the Italian government (or enforce some other punishment), some “60 million Italians will rise up” against the trade bloc – or at least that’s what a clearly frustrated Deputy Prime Minister Matteo Salvini told a group […]
Italy Throws Down the Gauntlet to Challenge the Brussels Establishment
Italy Throws Down the Gauntlet to Challenge the Brussels Establishment The EU has had a lot of trouble on its hands, as its members, such as Poland and Hungary, are openly challenging the established order. This time it’s a very serious situation, because Brussels is facing defiance from Italy, the 3rd largest national economy in the eurozone […]
