by Martin Armstrong There was an interesting major hacking event in Italy which gained access to thousands of Italian certified email accounts, including those of magistrates and security officials. These certified emails guarantee the validity of a sender’s identity, as well …
by Shaun Richards This week has seen something of an expected shifting of the sands from the European Central Bank ( ECB) about the economic prospects for the Euro area. On Monday its President Mario Draghi told the European Parliament …
Just like United States, we’re not going to sign it! http://www.ansa.it/english/news/politics/2018/11/28/italy-not-signing-global-compact-salvini_fde75c34-ea73-4358-bd17-df80c94e5c2d.html (ANSA) – Rome, November 28 – Deputy Premier and Interior Minister Matteo Salvini said Wednesday that Italy will not take part in an intergovernmental conference in Marrakech next month …
Break Amazon up. It’s too big and treats employees like slaves AC
“Who will purchase the €275 billion of government debt Italy is to issue in 2019?” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The ECB, through its army of official mouthpieces, has begun warning of the potentially calamitous consequences …
The European Union took the first step on Wednesday toward fining Italy after ruling that Rome’s spending drive violates the bloc’s fiscal rules. In a report on Italy’s debt, the European Commission said that it has rejected the Italian government’s …
by Martin Armstrong Italy is arguing that it will retain its budget and refers to how both France and Germany exceeded their budgets and the Commission disregard the Maastricht treaty rules in the case of both countries. In the budget …
Floods in Bagaladi, Calabria, Italy 11/04/18 Death toll in Italy storms and flooding rises to 17: https://edition.cnn.com/2018/11/03/europe/italy-venice-flooding-intl/index.html h/t JT610
https://www.bloomberg.com/news/articles/2018-10-31/bank-of-italy-savages-populists-saying-policies-won-t-work?srnd=premium-europe “Bank of Italy Governor Ignazio Visco told the populist government that its plan to solve the country’s economic problems by boosting public spending is set to fail.” – While I doubt the governments economic policy will change I sure …
By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. 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 …
https://www.bloomberg.com/news/articles/2018-10-27/a-bundesbank-economist-has-a-radical-plan-to-halve-italy-s-debt?srnd=premium-europe I am not sure what is more crazy that this is being proposed at all or that the proposal comes from a high-level official (deputy economist, head of Bundesbank public finance) of another government. Says everything about the German …
by Shaun Richards A feature of bond market and debt crises is not only how far the market falls but how long it lasts. This is because as the majority and sometimes vast majority of debt issued has a coupon …
via tomluongo: “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 …
https://youtu.be/5mGw1EtHOsY https://metro.co.uk/2018/10/23/rome-streets-turn-to-ice-after-epic-hail-storm-batters-italys-capital-8065620/ h/t Mr. T-Rex
Who will fall first, ITALY or SPAIN? The EU and the Euro currency are the first major steps in global governance. Complete control over the political and financial systems of all countries underneath it. The elite have waited hundreds and …
But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Italy’s government bonds are sinking and their yields are spiking. There are plenty of reasons, including possible …
by Martin Armstrong The Italian Government has gone and adopted the controversial draft budget for the coming financial year. Prime Minister Giuseppe Conte said that the budget plan would keep the government’s promises, and keep the public finances in order. …
Hungary buying 10 times gold like never before. Boosts Gold Reserves 10-Fold https://www.bloomberg.com/news/articles/2018-10-16/hungary-increases-gold-reserves-tenfold-citing-safety-bid and before that it was poland hoarding like crazy gold too recently they fear something is coming. Poland Raises Gold Holdings to Record High in …
by Jon Hall, Free Market Shooter On the heels of the United Kingdom’s and Europe’s disastrous immigration policies, both Denmark and Italy are fighting back against open borders. Inger Støjberg, Danish Integration and Immigration Minister, recently rejected EU migrant quotas for 2018, detailing that refugees do …
Will Italy be bailed out? If so, by who? ECB? Other Euro countries? The U.S? Greece has been dealing with a heavy crisis for years. With the IMF and massive intervention, Greece has yet to fully collapse. Today the crosshairs …
by Chris Black Angela Merkel, Germany’s Chancellor and dubbed “mutti Merkel”, mother of refugees, just committed what can be described as political seppuku. Again. This time, she threatened Italy with a new migrant-flood via German flights transferring so-called refugees. No, …
Who will blink first? By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. A serious showdown is brewing in the Eurozone as Italy’s anti-establishment coalition government takes on the EU establishment in a struggle that could have major ramifications for …
Being a politician in Italy comes with facing off against powerful criminal conspirators. The effect on the political climate of the country is discussed. Italy is not the only country with an organized crime problem. But movies and TV shows …
Could Italy be the next Greece? “Italy to Bow to EU and Cut Deficit Targets, Corriere Says” https://www.bloomberg.com/news/articles/2018-10-03/italy-to-bow-to-eu-and-cut-deficit-to-2-in-2021-corriere-says?srnd=premium-europe Despite bowing down to the EU and cutting the budget deficit, do you guys think that their populist government will become more …
From Reuters: Italy’s so-called citizens’ wage, to be introduced next year as part of the government’s first budget, will take the form of a pre-charged electronic shopping card, deputy Prime Minister Luigi Di Maio said on Monday. The citizen’s wage is …
https://twitter.com/anilvohra69/status/1046717013794738177 The Bond Bubble In Europe Is Evident. Despite ECB Disguising Risk With €2 Trillion Purchases, Italy Shows The Vulnerability of the Eurozone pic.twitter.com/RuEx9cBiZ9 — Daniel Lacalle (@dlacalle_IA) September 30, 2018 TROUBLE! Cyclical #Eurozone GDP growth looks to have peaked. …
by Michael Snyder In the 9th largest economy in the world, the financial markets are crashing, and in the 21st largest economy in the world the central bank just raised interest rates to 65 percent to support a currency that is …
by John Rubino When Italy elected a bunch of rowdy populists back in March, the rest of the eurozone assumed (or at least hoped) that the sudden weight of responsibility would bring Rome back into line. But so far the …
by QuantalyticsResearch Crypto News According to Italy’s Member of Parliament, Mirella Liuzzi, Italy is about to enter the European Blockchain Partnership, a coalition of 26 EU countries. According to Liuzzi, Italy will officially join this partnership tomorrow, September 28th. Liuzzi …
