{"id":31949,"date":"2018-03-06T06:27:14","date_gmt":"2018-03-06T11:27:14","guid":{"rendered":"http:\/\/olduvai.ca\/?p=31949"},"modified":"2018-03-06T06:28:57","modified_gmt":"2018-03-06T11:28:57","slug":"italys-results-are-truly-forza-italia","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=31949","title":{"rendered":"Italy\u2019s Results are Truly Forza\u00a0Italia!"},"content":{"rendered":"<header id=\"masthead\" class=\"site-header\" role=\"banner\">\n<div class=\"site-header-image\">\n<div class=\"site-branding-wrapper\">\n<h3 class=\"site-branding\"><a href=\"https:\/\/tomluongo.me\/2018\/03\/05\/italys-results-are-truly-forza-italia\/\">Italy\u2019s Results are Truly Forza\u00a0Italia!<\/a><\/h3>\n<\/div>\n<\/div>\n<\/header>\n<div id=\"content\" class=\"site-content\">\n<div id=\"primary\" class=\"content-area\">\n<article id=\"post-6191\" class=\"post-6191 post type-post status-publish format-standard has-post-thumbnail hentry category-money category-politics tag-debt tag-economics tag-elections tag-eu tag-euro-2 tag-germany tag-italy tag-politics\">\n<div class=\"entry-content\">\n<p>Europe is headed for a breakup.\u00a0 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\u2019t expecting much from yesterday\u2019s Italian elections.<\/p>\n<p>But with turnout over 73% we got just that.\u00a0 Voters were clearly motivated to change the course Italy is on.\u00a0 Now, we knew that Silvio Berlusconi\u2019s center-right coalition would do well alongside upstart Five Star Movement.<\/p>\n<p>The question was always going to be, however, how well would they do?<\/p>\n<p>It looks like it was much better than the polls wanted us to believe.\u00a0 \u00a0<a href=\"https:\/\/tomluongo.me\/2018\/02\/22\/markets-nervous-italian-elections\/\">Last week I told you the markets were getting nervous<\/a> about this election.\u00a0 This weekend the news was all about how subdued the reaction was to the polling.<\/p>\n<p>As if a major technical breakout to the upside on Italian bond yields in the face of furious ECB buying wasn\u2019t a strong enough market response?<\/p>\n<div id=\"gallery-6191-1-slideshow\" class=\"slideshow-window jetpack-slideshow slideshow-black\" data-trans=\"fade\" data-autostart=\"1\" data-gallery=\"[{&quot;src&quot;:&quot;https:\\\/\\\/tomluongo.files.wordpress.com\\\/2018\\\/02\\\/eurobond-rates.png&quot;,&quot;id&quot;:&quot;6161&quot;,&quot;title&quot;:&quot;eurobond rates&quot;,&quot;alt&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;itemprop&quot;:&quot;image&quot;},{&quot;src&quot;:&quot;https:\\\/\\\/tomluongo.files.wordpress.com\\\/2018\\\/02\\\/italian-debt.png&quot;,&quot;id&quot;:&quot;6162&quot;,&quot;title&quot;:&quot;italian debt&quot;,&quot;alt&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;itemprop&quot;:&quot;image&quot;}]\">\n<div class=\"slideshow-slide\">\n<p><img decoding=\"async\" title=\"italian debt\" src=\"https:\/\/tomluongo.files.wordpress.com\/2018\/02\/italian-debt.png\" alt=\"\" align=\"middle\" \/><span class=\"slideshow-line-height-hack\">\u00a0<\/span><\/p>\n<div class=\"slideshow-slide-caption\"><\/div>\n<\/div>\n<div class=\"slideshow-controls\"><\/div>\n<\/div>\n<p>But, that\u2019s doesn\u2019t fit the plan to gaslight voters and traders to worry about the potential outcome here.<\/p>\n<p><strong>The League of 5-Star Gentlemen<\/strong><\/p>\n<p>It looks like Five Start Movement will take more than 30% of the final tally, which is a couple of points above where polling had it tracking when the blackout went into effect two weeks ago.<\/p>\n<p>The bigger result is that of The League (formerly The Northern League) who came off their secessionist mountain and ran hard on a platform of euroskepticism and anti-immigration.<\/p>\n<p>The most important person in Italian politics right now is The League\u2019s leader, Matteo \u201cThe EU can go F&amp;%k itself\u201d Salvini.<\/p>\n<p>When the final votes are revealed, if The League out-polled Silvio \u201cEstablishment Stalking Horse\u201d Berlusconi\u2019s Forza Italia! then he has the hammer in coalition negotiations.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Italy\u2019s Results are Truly Forza\u00a0Italia! Europe is headed for a breakup.\u00a0 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\u2019t expecting much from yesterday\u2019s Italian elections. But with turnout over 73% we got just that.\u00a0 Voters were [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[281,284,19090,1464,18032,16963],"class_list":["post-31949","post","type-post","status-publish","format-standard","hentry","category-geopolitics","tag-europe","tag-european-union","tag-five-star-movement","tag-italy","tag-silvio-berlusconi","tag-tom-luongo"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31949"}],"version-history":[{"count":3,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31949\/revisions"}],"predecessor-version":[{"id":31952,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31949\/revisions\/31952"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}