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Olduvai III: Catacylsm
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Italian Elections: The Great Five-Star Surprise 

Italian Elections: The Great Five-Star Surprise  Nearly definitive results of the Italian national elections of March 4, 2018. the “five-star movement” (M5s) got the most votes, although the center-right wing coalition (CDX) has the largest number of seats in the Italian parliament. For the center-left (CSX), it was total disaster. In several senses, it is […]

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Italy Increasingly Likely to Abandon the Euro

Italy Increasingly Likely to Abandon the Euro An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country. The only missing ingredient is an early election. And early elections are now the odds-on favorite. Let’s back up a bit to fill in the pieces as to how […]

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“We Won’t Be Lectured” – Italy’s Renzi To Defy Brussels Over Banking Bailout

“We Won’t Be Lectured” – Italy’s Renzi To Defy Brussels Over Banking Bailout With all eyes distratcted by the post-Brexit euphoria, the last week has seen a far more existential crisis accelerating in Europe. Italy’s banking system is in tatters (from a EUR40bn bailout 6 days ago, to EUR150 emergency support 3 days ago, to a bank bailout […]

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Italy Races To Defuse €200 Billion Bad Loan Time Bomb With “Bad Bank”

Italy Races To Defuse €200 Billion Bad Loan Time Bomb With “Bad Bank” When Portugal “surprised” senior Novo Banco bondholders with a €2 billion bail-in late last month, the market got an unwelcome reminder that euro periphery banks are far from “solid.” Novo was supposed to house the “good” assets salvaged from the wreckage of […]

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Prime Minister Matteo Renzi gave a powerful speech on the need of acting against climate change….. or did he?

Prime Minister Matteo Renzi gave a powerful speech on the need of acting against climate change….. or did he? The international media seem to be fascinated by the similarities in the physical aspect of Mr. Bean and of Mr. Matteo Renzi, prime minister of the Italian Government. There may be some similarities, indeed, but it […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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