Home » Posts tagged 'italy' (Page 5)
Tag Archives: italy
Beware Fireworks As Italy’s Budget Resubmission Deadline Looms
Beware Fireworks As Italy’s Budget Resubmission Deadline Looms With stocks in Europe attempting a modest relief rally after yesterday’s sharp selloff, traders remain on edge over political developments as today is the deadline for Italy’s cabinet to resubmit their budget proposal after the EC requested a new fiscal plan. Virtually nobody expects any material changes, […]
Italian Banks On Verge Of New Crisis After €400 Million Hole Emerges At Banca Carige
Italian Banks On Verge Of New Crisis After €400 Million Hole Emerges At Banca Carige Remember the Italian “doom loop”? Two months ago we reported that during the first Italian bond market freakout this May over the ascent of the populist due of Salvini-Di Maio to the Italian throne, Italian bank holdings of domestic government […]
With Looming Deadline Italy’s Populists Defy EU, Warn Of “Suicide”, “Massacre” For Italy
With Looming Deadline Italy’s Populists Defy EU, Warn Of “Suicide”, “Massacre” For Italy After the latest GDP data showed that Italy’s economy didn’t grow at all during the third quarter amid a spreading European slump that’s likely inspiring panic in Brussels, the country’s emboldened populist leaders are refusing to surrender in what has become a […]
How Italy Leaves the Eurozone, Step by Step
How Italy Leaves the Eurozone, Step by Step Earlier today, Italy told the EU where to go with it budget demands. Expect the EU to huff and puff. The EU demands Italy do something about its buildup of debt. In response, Italy dismisses ‘implausible’ EU forecasts, says budget is sound. “There are no grounds for […]
The Italian people must understand that their country is at war
The Italian people must understand that their country is at war The conflict between the European Union and Italy is a full-blown financial war. Euro countries cannot print their own money and for that reason they cannot have an endless deficit. Countries within the eurozone have to live within their means or else, without the […]
Why’s France so Worried about Italy’s Showdown with Brussels?
Why’s France so Worried about Italy’s Showdown with Brussels? The French megabanks are on the hook. France was just served with a stark reminder of an inconvenient truth: €277 billion of Italian government debt — the equivalent of 14% of French GDP — is owed to French banks. Given that Italy’s government is currently locked […]
The Consequences of System Failure
The Consequences of System Failure In short, every major political institution has been increasingly discredited as Brazil has spiraled deeper and deeper into a dark void. And from the abyss emerged a former army captain and six-term congressman from Rio de Janeiro, Jair Bolsonaro, with the slogan “Brazil above everything, God above everyone,” and promises to fix […]
French FinMin: The Euro Zone Is Not Prepared To Face A New Crisis
French FinMin: The Euro Zone Is Not Prepared To Face A New Crisis Europe finds itself at a troubling crossroads: while on one hand the official narrative emanating from Brussels and Berlin (and, of course, the ECB) is that there is no risk of contagion from Italy’s budget crisis in the European Union, on the […]
Europe’s self-destructive war on Italy
Europe’s self-destructive war on Italy Illustrated | SERGEI CHIRIKOV/AFP/Getty Images, ANDREAS SOLARO/AFP/Getty Images, ALBERTO PIZZOLI/AFP/Getty Images Italy and the European Union are headed for a throwdown. Italy’s new government wants to help its citizens following years of grinding economic immiseration. And the EU is hellbent on stopping them, all in the name of neoliberal budget […]
Italy Openly Defiant of Eurozone Stability Pact, Deliberately and Knowingly
Italy Openly Defiant of Eurozone Stability Pact, Deliberately and Knowingly Eurozone officials and the ECB are in a quandary over Italy’s deliberate defiance of budget rules. There is a fundamental irony in Italy’s open defiance of Eurozone stability rules. Both France and Germany did the same in 2003. Eurointelligence reports Italy Formulates First Fundamental Challenge […]
By Going Nuclear the EU Has Already Lost Its Battle with Italy
By Going Nuclear the EU Has Already Lost Its Battle with Italy “Here’s where we hold ’em by the nose, and kick ’em in the ass” — Patton If you ever want to know who’s losing an argument simply look at who’s doing the most threatening. Not who’s shouting the loudest or who’s the angriest, […]
A Storm is Brewing in Europe: Italy and Its Public Finances Are at the Center of It
A Storm is Brewing in Europe: Italy and Its Public Finances Are at the Center of It Photo Source Giuseppe Milo | CC BY 2.0 Yet the problem with Italy is not the problem that the European Commission or financial markets see. Rome is planning an expansionary budget – just what Italy needs and just the […]
The European financial establishment has just declared war on Italy
The European financial establishment has just declared war on Italy This week in a CNBC interview Jeroen Dijsselbloem, the former Dutch minister of finance who served as the President of the Eurogroup, declared war on the Italian government. The European financial establishment is prepared to destroy the banking system and cause the Italian economy to […]
