Italy leaving the EU
- Thread starter TexasRangersFan
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TexasRangersFan
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It's good to see participation.
I wonder if there are any stats on the percentage of people that vote versus the health of a nation's economy.
Oscar Reed
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counter_violent
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Nothing happened, Italy rejected reform, PM resigns.
Nice to see everyone going off at a tangent as usual
Nice to see everyone going off at a tangent as usual
counter_violent
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Can't remember, but is credit ratings something you monitor on your spread sheet?
i have it on my economic dashboards
MILAN, Dec 5 (Reuters) - A 5 billion euro ($5.33 billion) rescue plan for Italian bank Monte dei Paschi di Siena BMPS.MI hung by a thread on Monday after Prime Minister Matteo Renzi's heavy defeat at a weekend referendum tipped the country into political turmoil.
The bank, saddled with bad loans, needs to raise the money by the end of the month to avoid being wound down, but Italy now faces early elections after Renzi said he would quit to take responsibility for the defeat of his constitutional referendum.
Monte dei Paschi, rated the weakest lender in European stress tests this summer, had planned to secure a firm commitment from one or more anchor investors and launch a share sale as early as Wednesday or Thursday.
The lender's shares fluctuated wildly in early Monday trade, with investment banks due to meet at around 1100 GMT to decide whether to back the cash call. Under a pre-underwriting deal, they can drop the transaction due to adverse market conditions.
The bank's board was expected to convene on Tuesday.
Renzi announced he would step down in the early hours of Monday after his constitutional reform was rejected by 59.1 percent of voters, a wider margin that had been expected.
Italian government bonds and shares fell sharply early on Monday, as investors worried that instability in the euro zone's third-largest economy could reignite a dormant financial crisis and deal a hammer blow to the country's fragile banking sector.
The bank, saddled with bad loans, needs to raise the money by the end of the month to avoid being wound down, but Italy now faces early elections after Renzi said he would quit to take responsibility for the defeat of his constitutional referendum.
Monte dei Paschi, rated the weakest lender in European stress tests this summer, had planned to secure a firm commitment from one or more anchor investors and launch a share sale as early as Wednesday or Thursday.
The lender's shares fluctuated wildly in early Monday trade, with investment banks due to meet at around 1100 GMT to decide whether to back the cash call. Under a pre-underwriting deal, they can drop the transaction due to adverse market conditions.
The bank's board was expected to convene on Tuesday.
Renzi announced he would step down in the early hours of Monday after his constitutional reform was rejected by 59.1 percent of voters, a wider margin that had been expected.
Italian government bonds and shares fell sharply early on Monday, as investors worried that instability in the euro zone's third-largest economy could reignite a dormant financial crisis and deal a hammer blow to the country's fragile banking sector.
Now the establishment do want to change the electoral law (which they created and admitted it was the best electoral law in the world) before going to vote probably due in March.
Why? Because they know with this electoral law they have not any chances, welcome to the world of the radical chic?
But this time they need to watch out, the people is watching and aware...
Was it Pat talking about the return of fascism in his last post here because being a bit sore? I told him previously to stop smoking that sh@t, it mixes his brain up.....Love you Pat...
http://www.ilfattoquotidiano.it/201...m5s-chiede-italicum-anche-per-senato/3244203/
Why? Because they know with this electoral law they have not any chances, welcome to the world of the radical chic?
But this time they need to watch out, the people is watching and aware...
Was it Pat talking about the return of fascism in his last post here because being a bit sore? I told him previously to stop smoking that sh@t, it mixes his brain up.....Love you Pat...
http://www.ilfattoquotidiano.it/201...m5s-chiede-italicum-anche-per-senato/3244203/
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Pat494
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Was it Pat talking about the return of fascism in his last post here because being a bit sore? I told him previously to stop smoking that sh@t, it mixes is brain up.....Love you Pat...
http://www.ilfattoquotidiano.it/201...m5s-chiede-italicum-anche-per-senato/3244203/
They call it Putinism or Trumpism these days and nobody notices. Yet !
If they could drop the really nasty bits like genocide, persecution and war it wouldn't be so bad but it isn't justified by the trains running on time.
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Atilla
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https://www.rt.com/news/369576-veneto-italy-minority-bill/
The regional council within the northern Italian area of Veneto has permitted a invoice defining its inhabitants as a “minority.” The transfer has already been dubbed 'Venexit' and is extensively seen as a further step in the direction of the area’s independence from Rome.
The regional council within the northern Italian area of Veneto has permitted a invoice defining its inhabitants as a “minority.” The transfer has already been dubbed 'Venexit' and is extensively seen as a further step in the direction of the area’s independence from Rome.
HELSINKI, Dec 9 (Reuters) - The euro zone bailout fund is not preparing financial support for Italy though some individual Italian banks have problems and need to raise capital, the head of the fund said on Friday.
"We are not preparing anything. There are lots of rumours ... but this is not the case, we have not been approached by the Italian government (for help)," Regling told reporters in the Finnish capital Helsinki.
"We are not preparing anything. There are lots of rumours ... but this is not the case, we have not been approached by the Italian government (for help)," Regling told reporters in the Finnish capital Helsinki.
