Category Archives: Silvio Berlusconi
Uh-Oh…Draghi’s Ammunition To Buy Italian Bonds Before The Election Is Less Than We Thought
Having successfully pulled off the announcement of the ECB’s “dovish taper” – where monthly bond purchases will be halved to Euro 30 billion from January 2018 – last month, a challenge for Mario Draghi in Q1 2018 has appeared on his radar. The ECB’s bond buying ammunition is slightly less than analysts thought and there […]
Rome’s Transport System Faces “Meltdown,” On Brink Of Collapse
New York City’s deteriorating subway has a rival for world’s most dysfunctional public transportation system. After only three months on the job, Bruno Rota, the head of Rome’s public-transit company has announced that he's leaving his post, saying that the Italian capital city’s decaying transportation system should declare bankruptcy, according to Reuters. Rota’s departure is […]
Italy Falls Out Of Love With The Euro: Beppe Grillo Resurgent In The Polls
Authored by Mike Shedlock via MishTalk.com, Recent polls for Italian politicians supporting the eurozone and EU have collapsed. Pro-Europe polls are highly likely to get worse as a further splintering of Matteo Renzi’s PD party takes place. It is not out of question for Beppe Grillo’s eurosceptic Five Star Movement (M5S) party to achieve an […]
New Political Turmoil In Italy After Renzi Quits As Ruling Party Leader, Triggering Re-election Battle
Two months after an unexpected, landslide loss in the December 4 constitutional referendum which cost him his job as Italy’s prime minister, on Sunday Matteo Renzi quit as leader of Italy’s ruling party, in the process triggering a re-election fight against minority dissidents that threatens the stability of the center-left government, Bloomberg reports. Renzi told […]
Italy’s Renzi Promotes Renzi-ism As Alternative To Trump-ism, Le Pen-ism, Grillo-ism
Submitted by Mike Shedlock via MishTalk.com, Former Italian prime minister Matteo Renzi announced today that he would call a PD party congress, effectively putting his role as party leader into question. In his speech, Renzi stated “Some people wanted a party congress to find an alternative to Renzi-ism. It needs to be done as an alternative to Trump-ism, […]
The Only Man In Europe Who Makes Any Sense
Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Since the new year will bring yuuge and bigly changes to us all (I truly hope both the year and the changes will leave you happy), I thought I’d start off by ‘reduxing’ two articles that contain further ‘reduxes’, Russian doll style. I do this […]
Paolo Gentiloni Picked As Italy’s New Prime Minister
With the ECB snubbing Italy on Friday, and refusing to grant insolvent bank Monte Paschi more time to find a financial rescue, it was of paramount urgency for Italy to announce a replacement government that of outgoing prime minister Matteo Renzi, in order to mitigate concerns about the ongoing political chaos. As a result, on […]