Italexit

[bluegreen]

Now its really on the cards..........................Yaaaaayyyyy!!

Italy’s 5-Star, League Reach Deal Clearing Way For "Anti-establishment" Government

Back on March 4, the Euro was spooked and Italian bonds tumbled, if only briefly, following the shocking outcome from the Italian elections which saw the eurosceptic 5-Star party and the anti-immigrant League party win an outright majority. The only thing that prevented an even more violent reaction was the market's "expert" take that a joint Italian government between these two forces was highly unlikely.
Well, as of this moment, a coalition government between the anti-establishment 5-Star Movement and right-wing League party is no longer not only likely, but appears to be a virtual certainty after the two political forces reached an agreement on a government program, one which was catalyzed by Sylvio Berlusconi's blessing late last week, greenlighting what may be the biggest shock in European politics since Brexit.

 

[Muck Spreader]

What's on the cards, the Italians fancy a change in government? Nothing new in that, it generally happens about every 18 months.

 

[Exfarmer]

What's on the cards, the Italians fancy a change in government? Nothing new in that, it generally happens about every 18 months.

18 months in Italy is a generation. 18 days is a long gevernment

 

[baabaa]

mmmmm
the barbarians at the gates?
https://www.express.co.uk/finance/city/960601/italy-news-coalition-M5S-5-star-league-euro-debt-ecb

 

[wanton dwarf]

What's on the cards, the Italians fancy a change in government? Nothing new in that, it generally happens about every 18 months.

The EU is run based on numbers.

For example the EU policy is anti Russia. Italy wants better Russian relations as do the Eastern states.

As the number of states wanting change increase eventually a tipping point in the EU will be reached .. tick tock.

 

[Ashtree]

The EU is run based on numbers.

For example the EU policy is anti Russia. Italy wants better Russian relations as do the Eastern states.

As the number of states wanting change increase eventually a tipping point in the EU will be reached .. tick tock.

Yeah. America appoint a dumb bull to run amok in the China shop, destroying decades of trust and relations with Europe.
Result changing relationships arise.
https://www.rt.com/news/426959-merkel-putin-sochi-summit-iran/

 

[baabaa]

great pic there ashy
have a look at it
who is the boss?

 

[caveman]

great pic there ashy
have a look at it
who is the boss?

Might of been wise to read the editorial note at the bottom of the piece first.

 

[baabaa]

Complacency about the rise of populists is typical of failing political systems
https://www.ft.com/content/d622ff62-5a79-11e8-bdb7-f6677d2e1ce8

 

[turbo]

Italian people cannot have the government they have chosen because it will upset the euro and eu dream,thank god we are leaving and how anyone who calls themselves democratic can support such a club is Beyond me

 

[RobFZS]

Reap what they sow

 

[Ashtree]

Italy got a sharp reality check last week from the money markets. Takes access to international money markets to run a country. Same markets automatically build in severe funding premium when silly buggers start running the finance department.

Oh, did I mention pretty much all of the domestic savings and investments of Italian citizens are held by Italian banks. Those same banks seeing difficulty and higher funding premiums on international markets, gets kinda bad for domestic savings.

This populist malarkey is all fine and dandy, until you get down to the nitty gritty stuff, then the allure quickly fades.

 

[turbo]

Italy got a sharp reality check last week from the money markets. Takes access to international money markets to run a country. Same markets automatically build in severe funding premium when silly buggers start running the finance department.

Oh, did I mention pretty much all of the domestic savings and investments of Italian citizens are held by Italian banks. Those same banks seeing difficulty and higher funding premiums on international markets, gets kinda bad for domestic savings.

This populist malarkey is all fine and dandy, until you get down to the nitty gritty stuff, then the allure quickly fades.

Is there no level you won’t sink to to defend the eu,I can see big problems coming if people’s votes are over ridden just to protect the European project

 

[RobFZS]

Here is what the President said: "I agreed to all ministers except the finance minister. I asked for a figure who would mean not risking an exit from the euro"


If this doesn't invite civil unrest, i dont know what will, yet hey, let the financial institution buy the government.

I wonder if any of the remainers on here will lift their eyes up from their wallets for 5 seconds to accept this is wrong.

 

[Ashtree]

Is there no level you won’t sink to to defend the eu,I can see big problems coming if people’s votes are over ridden just to protect the European project

Didn’t mention EU even once. You did though!

Just pointed out the clear and present danger to ordinary Italians savings, wealth and financial security, if their putative new government were to go down a path of easy spending, high social spending, etc, etc.!
I’m Irish by the way ...... I know to my cost as do my fellow citizens of falling foul of the financial markets!!! I assure you, it’s a very unpleasant experience even for those of us who did not act carelessly during our boom. We got caught up in the rescue mission, with no possible opt out, by savage taxation and income levies. Still paying ten years later on every pay cheque I receive. It’s calked the USC (Universal Social Charge).

Whilst the Irish have put on a Northern Europe stoical face (stiff upper lip to you), and got on with it, my guess is, the more excitable Southern Europeans might find it unbearable. More trouble then. Vicious circle. I don’t recommend it to any country.

 

[turbo]

Didn’t mention EU even once. You did though!

Just pointed out the clear and present danger to ordinary Italians savings, wealth and financial security, if their putative new government were to go down a path of easy spending, high social spending, etc, etc.!
I’m Irish by the way ...... I know to my cost as do my fellow citizens of falling foul of the financial markets!!! I assure you, it’s a very unpleasant experience even for those of us who did not act carelessly during our boom. We got caught up in the rescue mission, with no possible opt out, by savage taxation and income levies. Still paying ten years later on every pay cheque I receive. It’s calked the USC (Universal Social Charge).

Whilst the Irish have put on a Northern Europe stoical face (stiff upper lip to you), and got on with it, my guess is, the more excitable Southern Europeans might find it unbearable. More trouble then. Vicious circle. I don’t recommend it to any country.

The whole point is Italy and most Southern European countries should not of gone into the euro and Ireland as well hence why the currency and in turn the whole European project is doomed to fail

 

[Ashtree]

The whole point is Italy and most Southern European countries should not of gone into the euro and Ireland as well hence why the currency and in turn the whole European project is doomed to fail

That’s a valid opinion. BUT, any individual country deciding to leave unilaterally, will face probable decimation of its state finances and probable sequestration by the state of private citizens savings in a vain attempt to appease the bond markets.
People need to understand these minor details, before embarking down that path. Unfortunately the vast majority of folks, don’t read the small print behind the glamorous headlines promising a bright and rosy future.

 

[turbo]

That’s a valid opinion. BUT, any individual country deciding to leave unilaterally, will face probable decimation of its state finances and probable sequestration by the state of private citizens savings in a vain attempt to appease the bond markets.
People need to understand these minor details, before embarking down that path. Unfortunately the vast majority of folks, don’t read the small print behind the glamorous headlines promising a bright and rosy future.

The same could be said about reading the small print before they joined!,unless the European bank is going to run all countries finiance it’s doomed to fail but ha ho if your happy having people you have no chance of changing running your country that’s up to you but don’t moan when they decide you need to pay more or tax your country more to help out the others

 

[baabaa]

i am sure ashys great concern for poor italians financial stability is in no way intertwined with any possible threat of the euro in his pocket becoming a dodo

 

[turbo]

I am sorry but this is affront to democracy and it should worry everyone that their wishes can be over ruled by an unelected person,very dangerous times