Is Italy about to crash the EU?

Re: Is Italy about to crash the EU?

Postby Rolluplostinspace » Thu Nov 15, 2018 10:00 pm

A new banking crisis begins...
NICK O’CONNOR
Dear Reader,

It may not feel like it yet, but the next major banking crisis has just begun...

Shares in Italian lender Carige were suspended earlier in the week. The bank doesn’t have big enough capital reserves to withstand a major panic, according to the ECB. It needs a 400 million euro capital injection from other Italian banks.

It’s the first snowflake in an avalanche.

A ripple of panic is spreading across the banking system. Any bank holding a lot of Italian government debt is seeing its capital reserves eroded.

There are plenty out there. French banks exposure to Italian debt is a staggering 12% of French GDP. That’s six times more exposure than French banks had to Greece.

“The risk of contagion is huge. Italy is so big that it clearly represents a systemic threat to the whole euro area,” said Eric Dor of the IESEG business school in Lille.
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Re: Is Italy about to crash the EU?

Postby Cannydc » Fri Nov 16, 2018 4:49 pm

Rolluplostinspace wrote:Biggest bankruptcy in history is drawing closer.
I reckon it will collapse before the end of the year.
In fact before the end of .... October.


Noted that you omitted the year.

It didn't happen then, it won't happen this year, next year or any year.

It has simply been mooted on certain "investment" sites, trying to ramp their own investments.

Basically fake news for the unwary.
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Re: Is Italy about to crash the EU?

Postby LordRaven » Fri Nov 16, 2018 4:56 pm

Cannydc wrote:
Rolluplostinspace wrote:Biggest bankruptcy in history is drawing closer.
I reckon it will collapse before the end of the year.
In fact before the end of .... October.


Noted that you omitted the year.

It didn't happen then, it won't happen this year, next year or any year.

It has simply been mooted on certain "investment" sites, trying to ramp their own investments.

Basically fake news for the unwary.


Wow! The Forum Sage will not like that Canny :gigglesnshit:

He's currently stockpiling food and fuel for the end of days. :doomed:
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Re: Is Italy about to crash the EU?

Postby Cannydc » Fri Nov 16, 2018 5:58 pm

LordRaven wrote:
Cannydc wrote:
Rolluplostinspace wrote:Biggest bankruptcy in history is drawing closer.
I reckon it will collapse before the end of the year.
In fact before the end of .... October.


Noted that you omitted the year.

It didn't happen then, it won't happen this year, next year or any year.

It has simply been mooted on certain "investment" sites, trying to ramp their own investments.

Basically fake news for the unwary.


Wow! The Forum Sage will not like that Canny :gigglesnshit:

He's currently stockpiling food and fuel for the end of days. :doomed:


To be fair, my money is now out of the UK, my car's always fuelled up, I have months of medicine stocked and plenty of dry goods stocked. The empty shelves in Tesco will bear testament to the madness that is Brexit.
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Re: Is Italy about to crash the EU?

Postby Rolluplostinspace » Fri Nov 16, 2018 7:03 pm

LordRaven wrote:
Cannydc wrote:
Rolluplostinspace wrote:Biggest bankruptcy in history is drawing closer.
I reckon it will collapse before the end of the year.
In fact before the end of .... October.


Noted that you omitted the year.

It didn't happen then, it won't happen this year, next year or any year.

It has simply been mooted on certain "investment" sites, trying to ramp their own investments.

Basically fake news for the unwary.


Wow! The Forum Sage will not like that Canny :gigglesnshit:

He's currently stockpiling food and fuel for the end of days. :doomed:

I along with plenty of other people stockpile as an investment against price rises and shortages you fucking simpleton.
Just get back to your lonely pub life Raven in preparation for the property crash.
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Re: Is Italy about to crash the EU?

Postby wutang » Fri Nov 16, 2018 7:06 pm

Cannydc wrote:It has simply been mooted on certain "investment" sites, trying to ramp their own investments.


Yeah couldnt find a source for his post above yours so googled the name ("Nick O'Connor" )which leads to this bunch of grifters

https://en.wikipedia.org/wiki/The_Agora

Seems these guys have been taken to court a bunch of times for violating securities laws including:

In "SEC v. Agora, Inc., Pirate Investor, and Frank Porter Stansberry", (SEC v. Agora complaint, 2003), the SEC alleged Agora companies wrongly profited from selling false information marketed as insider tips.


Hope rollup isnt making any investment decisions off the back of this shit :oops:
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Re: Is Italy about to crash the EU?

Postby Rolluplostinspace » Fri Nov 16, 2018 7:18 pm

wutang wrote:
Cannydc wrote:It has simply been mooted on certain "investment" sites, trying to ramp their own investments.


Yeah couldnt find a source for his post above yours so googled the name ("Nick O'Connor" )which leads to this bunch of grifters

https://en.wikipedia.org/wiki/The_Agora

Seems these guys have been taken to court a bunch of times for violating securities laws including:

In "SEC v. Agora, Inc., Pirate Investor, and Frank Porter Stansberry", (SEC v. Agora complaint, 2003), the SEC alleged Agora companies wrongly profited from selling false information marketed as insider tips.


Hope rollup isnt making any investment decisions off the back of this shit :oops:

Rollups to fucking skint to be making such investments!!!
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Re: Is Italy about to crash the EU?

Postby Rolluplostinspace » Fri Nov 16, 2018 7:30 pm

Why I have interest in Italy is to do with family.
Why I have interests in California when I ask Tom questions is friends and family.

All About the Italian Economic Crisis of 2018
https://www.investopedia.com/news/all-a ... isis-2018/

Italy is pushing Europe to the brink of another economic crisis – but its problems are nothing new
https://www.independent.co.uk/voices/eu ... 66416.html


Twenty Years And Nothing To Show For It: Italy's Broken Economic Model
Italy struggles to cobble together a government after populist parties on both sides of the political spectrum won more than half of the votes in the latest elections, proving that the populist wave in Europe has not run its course yet. High public debt and a struggling economy make Italy’s the Achilles’ heel of the Eurozone.
https://www.forbes.com/sites/marcoannun ... f5b7111a38

The above is nothing more than links to more acceptable sources to show it's not just my imagination or relying on one source.
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Re: Is Italy about to crash the EU?

Postby Fletch » Fri Nov 16, 2018 7:36 pm

Are we back to shoot the messenger from some posters now? :roll:

Never understood the mindset of 'if it's not the msm, it's not true'. :off head:

Brexit is very convenient for the EU at the minute because it sidelines Italy and the problems it will cause for them. I've read bits and pieces and it seems various bailouts by some banks of banks in trouble are keeping all, the plates spinning for now but Italy still won't alter it's budget and the EU still maintain it must. A deadline passed not long ago but not sure of the situation at the moment.
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Re: Is Italy about to crash the EU?

Postby wutang » Fri Nov 16, 2018 7:48 pm

Rolluplostinspace wrote:Why I have interest in Italy is to do with family.
Why I have interests in California when I ask Tom questions is friends and family.

All About the Italian Economic Crisis of 2018
https://www.investopedia.com/news/all-a ... isis-2018/

Italy is pushing Europe to the brink of another economic crisis – but its problems are nothing new
https://www.independent.co.uk/voices/eu ... 66416.html


Twenty Years And Nothing To Show For It: Italy's Broken Economic Model
Italy struggles to cobble together a government after populist parties on both sides of the political spectrum won more than half of the votes in the latest elections, proving that the populist wave in Europe has not run its course yet. High public debt and a struggling economy make Italy’s the Achilles’ heel of the Eurozone.
https://www.forbes.com/sites/marcoannun ... f5b7111a38

The above is nothing more than links to more acceptable sources to show it's not just my imagination or relying on one source.


As those articles point out this has been the situation in Italy for decades. So why the big scare-mongering now (the forbes one points out it was saying the exact same shit 4 years ago - bit of a slow moving crash dont you think?)

As always what do these people want? Interesting to note that the solutions being put forward:

Labour market reforms = scrap workers rights, drive down wages, conditions. Basically fuck over the workers
Cut public spending = bye-bye pensions, welfare cuts, scrap social services, etc. Basically fuck over the old and the poor.

Same old right wing free market shit being pushed as always by these cunts. You really need to stop reguritating the hard-right, ultra-capitalist, talking points.
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Re: Is Italy about to crash the EU?

Postby wutang » Fri Nov 16, 2018 7:53 pm

wutang wrote:Yeah couldnt find a source for his post above yours so googled the name ("Nick O'Connor" )which leads to this bunch of grifters

https://en.wikipedia.org/wiki/The_Agora



These muthafuckers make Thatcher look like a communist revolutionary. Of course they are gonna big up 'economic trouble' in places like Italy

a) to hopefully kick start an actual crisis to capitalise on (essentially profiting from betting on it)
b) to pick the scraps and push its ultra-capitalist agenda. Shock doctrine style.

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Re: Is Italy about to crash the EU?

Postby Rolluplostinspace » Fri Nov 16, 2018 7:59 pm

wutang wrote:
Rolluplostinspace wrote:Why I have interest in Italy is to do with family.
Why I have interests in California when I ask Tom questions is friends and family.

All About the Italian Economic Crisis of 2018
https://www.investopedia.com/news/all-a ... isis-2018/

Italy is pushing Europe to the brink of another economic crisis – but its problems are nothing new
https://www.independent.co.uk/voices/eu ... 66416.html


Twenty Years And Nothing To Show For It: Italy's Broken Economic Model
Italy struggles to cobble together a government after populist parties on both sides of the political spectrum won more than half of the votes in the latest elections, proving that the populist wave in Europe has not run its course yet. High public debt and a struggling economy make Italy’s the Achilles’ heel of the Eurozone.
https://www.forbes.com/sites/marcoannun ... f5b7111a38

The above is nothing more than links to more acceptable sources to show it's not just my imagination or relying on one source.


As those articles point out this has been the situation in Italy for decades. So why the big scare-mongering now (the forbes one points out it was saying the exact same shit 4 years ago - bit of a slow moving crash dont you think?)

As always what do these people want? Interesting to note that the solutions being put forward:

Labour market reforms = scrap workers rights, drive down wages, conditions. Basically fuck over the workers
Cut public spending = bye-bye pensions, welfare cuts, scrap social services, etc. Basically fuck over the old and the poor.

Same old right wing free market shit being pushed as always by these cunts. You really need to stop reguritating the hard-right, ultra-capitalist, talking points.

The problem is Italy as any other Euro user cannot set it's own interest rates orr even its own budget to differing degrees.
Being in such a mess now is dangerous because it is way to big to bail out and that's where the panic is beginning to set in.
Italy has always been something of a basket case politically yes but being that basket case now is possibly about to cause global ructions.
A lot of people didn't think what has happened to Greece could possibly happen in modern Europe.
The Italy situation is a dozen times bigger than Greeces problems and will have a far greater reach.
The UK owns a huge amount of Italian debt that may well go very very bad.
All we can do is watch this space I suppose.
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Re: Is Italy about to crash the EU?

Postby wutang » Fri Nov 16, 2018 8:11 pm

Rolluplostinspace wrote:The problem is Italy as any other Euro user cannot set it's own interest rates orr even its own budget to differing degrees.


Even with its own currency the structural problems your links highlight would remain. Which is why these ghouls are pushing their 'reforms' as the solutions to Italy's 'crisis'. Its ideologically driven, and that ideology is the same one behind the UK austerity agenda.

The EU could bail Italy out but they would be demanding the same pound of flesh it took from Greece, which again would just result in the same 'reforms' that the likes of Forbes, and those investor parasites you link to, want to see.
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Re: Is Italy about to crash the EU?

Postby Fletch » Fri Nov 16, 2018 8:22 pm

wutang wrote:
Rolluplostinspace wrote:The problem is Italy as any other Euro user cannot set it's own interest rates orr even its own budget to differing degrees.


Even with its own currency the structural problems your links highlight would remain. Which is why these ghouls are pushing their 'reforms' as the solutions to Italy's 'crisis'. Its ideologically driven, and that ideology is the same one behind the UK austerity agenda.

The EU could bail Italy out but they would be demanding the same pound of flesh it took from Greece, which again would just result in the same 'reforms' that the likes of Forbes, and those investor parasites you link to, want to see.


The joy of a debt based private money supply. The only answer to debt is more debt.
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Re: Is Italy about to crash the EU?

Postby Guest » Fri Nov 16, 2018 8:29 pm

Fletch wrote:
wutang wrote:
Rolluplostinspace wrote:The problem is Italy as any other Euro user cannot set it's own interest rates orr even its own budget to differing degrees.


Even with its own currency the structural problems your links highlight would remain. Which is why these ghouls are pushing their 'reforms' as the solutions to Italy's 'crisis'. Its ideologically driven, and that ideology is the same one behind the UK austerity agenda.

The EU could bail Italy out but they would be demanding the same pound of flesh it took from Greece, which again would just result in the same 'reforms' that the likes of Forbes, and those investor parasites you link to, want to see.


The joy of a debt based private money supply. The only answer to debt is more debt.

So you are suggesting Brexit is a good idea then, I ask because you are making the EU sound an evil empire
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