Jim2007 wrote: » If all you can do is post links without any meaning full commentary, then we are left to assume you fully support the move.
brickster69 wrote: » I do not support it, it is what it is. Inflation has fallen and interest rates have fallen in the Eurozone despite QE of 12 Trillion. There is a 93% probability of interest rate cuts by Q1 2020. That will mean savers lose money having it in a bank. :eek: You cannot print money you do not have, then borrow it to Countries that will never be able to pay it back.
brickster69 wrote: » You cannot print money you do not have, then borrow it to Countries that will never be able to pay it back.
brickster69 wrote: France has now overtaken Italy for debt in the Eurozone
Wanderer78 wrote: » Is that public or private debt?
brickster69 wrote: National debt
InTheShadows wrote: » This along with the coming hard brexit should be enough to tip the EU over the edge.
oceanman wrote: we can only live in hope...
Wanderer78 wrote: » Ah nothing too much to worry about then, private debt generally causes more problems
brickster69 wrote: Not as much as the 300 Billion Euro of Italian sovereign debt France is sat on.
ancapailldorcha wrote: » Off topic posts deleted. We already have a thread on migration to Europe.
meeeeh wrote: This is in absolute levels. While French debt is too high it's around 100% of gdp, Italian is at 130% of gdp (or something like that I'm writing from memory). Cost of French borrowing is a lot lower than cost of Italian borrowing.
Nody wrote: » And Italy goes to the polling stations again as Matteo Salvinis hopes he can replicate his gains in the EU elections; and another populist right wing government falls. My guess is neither party will end up in the next (albeit likely short lived) government coalition.
Foster Future Whistle wrote: » Is it not the case that as the League’s poll numbers approach 40%, it indicates they could get a result that could allow the party to govern on its own (without any need for coalition). Add in the offer of deep tax cuts Salvini promises, could do very well. Has until Monday to decide the next move. They remain nearly twice as likely as any other country - as the next to leave the EU (a position Greece used to hold for well over a decade).
"The idea of leaving Europe, leaving the euro has never been in the pipeline," the leader of Italy's League, Matteo Salvini, told reporters at a rally near Matera.
Nody wrote: » And time to pour salt on all the salty brexiteers dreams again... Sorry; not even Italy is stupid enough to follow UK out of EU.
cryptocurrency wrote: » Was he talking to the markets or you? Italy will do what is right for them and if they want to back Brussels into a corner they are going the right way about it with the mixed signals on leaving.
cryptocurrency wrote: » Nody wrote: » And time to pour salt on all the salty brexiteers dreams again... Sorry; not even Italy is stupid enough to follow UK out of EU. Was he talking to the markets or you? Italy will do what is right for them and if they want to back Brussels into a corner they are going the right way about it with the mixed signals on leaving. They say the UK leaving is like 19 smaller nations leaving at once, and with Italy a $2 trillion plus economy to May as well add a good few more to that 19. Italy after Brexit will put the EU in the dustbin of history. It won’t get up from that, that’s their bargaining chip.
pixelburp wrote: » Even if there were any realistic notions of Italy leaving the EU, no country is going to countenance it, until Brexit is 'finished' and the full effects of the UK leaving are seen - both economically and socially. This is uncharted territory and while the manner in which the UK is leaving can be called chaotic and asinine, all indicators show it to be an economic disaster in waiting. It's not for nothing the likes of National Rally dropped 'leave the EU' from their manifestos. It's increasingly shown to be a lunatic decision. Italy leaving? Pull the other one, that country leads by chaos - see its average 13 month governments for goodness sake - and knows full well it's bolstered by its presence in the EU, not hampered. It has little historical arrogance of empire to make it believe it has the clout to go it alone.
DrumSteve wrote: » uh... the roman empire, maybe?
pixelburp wrote: » Well apart from the fact that it wasn't always based in Italy, the Roman Empire hasn't been in existence in about 1000-1500 years. I'd have thought it obvious I was referring to modern empires that only recently (ie, in the last 100 years) fragmented. Empires that for all intents and purposes operated under economic and social principles genetically similar to our own. And IIRC, Italy only reformed as a country in 1861 (can't remember if that included the Papal States or not), and not with the same Empire building intention that Germany later showed 10 years later. A lot of European nations are relatively modern constructs - like I said, many don't have the same longstanding historical baggage others (the UK) would have.
Foghladh wrote: » Libya, Eritrea, Ethiopia and Albania were all assimilated into the New Italian Empire. They tried Greece before the Germans stepped in. It's not accurate to say that they didn't have the same Empire ambitions as the Germans. They certainly did, they just weren't as good at it
