Silvio Berlusconi

Italian Stocks Tumble, Yields Jump On Sudden Fears Of Early Elections

Italian stocks have tumbled to one month lows and the Italian bank sector is down 3% in Monday trading, its biggest one-day loss in nearly 4 months, while italian BTP yields have jumped by the most in 2 months with traders citing rising risks that the euro zone's third largest economy could head to early elections in the autumn.

Africa's Gate To Europe: Operation Husky, Again

"Welcome to the new Italy, where the replacement of the original population, once known as Italians, is in full swing. Only a few years ago this affirmation would have caused sarcastic disbelief, now is the reality in front of our eyes."

Italy Falls Out Of Love With The Euro: Beppe Grillo Resurgent In The Polls

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 absolute majority in the next election...

Here Are The Top 15 'Obamagate' Wiretap Victims

While President Trump started the discussion with his tweets over the weekend, but it should be clear that it is not unfounded that former President Obama would wire tap President Trump during the election process...

Italy Increasingly Likely To Abandon The Euro

An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country. The only missing ingredient is an early election. And early elections are now the odds-on favorite.

The Only Man In Europe Who Makes Any Sense

Beppe Grillo wants to break that chain. And he’s got a recipe to do it. It may not be perfect or foolproof, but who cares when it’s replacing something that no longer functions at all, that just drags us down and threatens our children’s lives? Our so-called democracies exist to please our leaders and elites, not ourselves. And we’re unlikely to figure that one out until it’s way too late."

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.

Brexit Redux: ECB Ready To Buy More Italian Bonds If Referendum "Rocks Markets"

In a report confirming that the ECB is preparing for a rerun of a post-Brexit scenario, Reuters writes that the ECB is ready to temporarily step up purchases of Italian government bonds if the result of next Sunday's crucial referendum "rocks markets" and sharply drives up borrowing costs for the euro zone's largest debtor. BTP futures briefly spike higher, gaining ~30 ticks in 2 minutes, to session high of 135.46 following the news.