Italy

GoldCore's picture

The people who are likely to win the next election want to take Italy out of the euro and replace the euro with their own currency, the lira. Unfortunately for the EU, if Greece was a tricky issue to deal with, Italy is — in economic terms — a massive Greece …

Monte Paschi "Scrambles" With Last Minute Capital Increase To Avoid Nationalization

According to a Reuters source, Monte Paschi was "scrambling on Sunday to thrash out a last-ditch plan to raise €5 billion on the market by year-end after the European Central Bank refused to give it more time to recapitalize." Rome is ready to intervene with an emergency decree to rescue the bank if needed, a government source said on Friday.

Paolo Gentiloni Picked As Italy's New Prime Minister

Italy’s President Sergio Mattarella asked Foreign Minister Paolo Gentiloni, a loyalist from Renzi's Democratic Party, to form a new government, likely bringing to a rapid close a political crisis triggered by a ‘no vote’ in a referendum on constitutional reform last weekend.

Why Europe Must End In Tears

The EU and the euro project have been an economic disaster for all participants, including Germany, which will eventually be forced to write off the hard-earned savings she has lent to other Eurozone members. We know, with absolute certainty, that the euro will self-destruct and the Eurozone will disintegrate. We know this for one reason above all...

Frontrunning: December 9

  • Futures rise as 'Trump rally' rolls on (Reuters), Oil Advances as European Stocks Extend Gains; Korean Won Slides (BBG)
  • Syrian government forces press attack in east Aleppo (Reuters)
  • Trump: China Will Have to ‘Play by the Rules’ (BBG)
  • Trump’s Cabinet Picks Signal Coming Deregulation Moves (WSJ)
  • Russia’s Military Buildup on the Baltic to Test Trump on NATO (WSJ)
  • OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles (BBG)