Euro crisis again

jack_christie

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Italy referendum: PM Matteo Renzi resigns after clear referendum defeat
http://www.bbc.com/news/world-europe-38204189

Italy referendum: Matteo Renzi to resign after defeat as Austria rejects far right ? live
https://www.theguardian.com/world/2...balance-amid-high-turnout-in-italy-referendum

Austria rejects far-right candidate Norbert Hofer in presidential election
https://www.theguardian.com/world/2...edes-defeat-in-austrian-presidential-election
 
So this could open Italy for a more EU skeptic and nationalistic government?

I'm planning to buy a house next year and gamble on the economy not going completely to shit during the 30 year payment of the mortage so it would be nice if the world could start to just chill a bit!
 
Pretty much what the Irish Times wrote.

Choosing what to vote was incredibly hard. The reform was awfully written, but saying no meant to give strength to despicable forces.

The idea now is to have this government until the economic laws are set and a new electoral law defined. Then, the PD (democratic party) will have the choice of either trying to form a new government, with similar alliances to this one, or to try the elections. Renzi would prefere the vote, but that doesn't mean that will happen, as the President Mattarella, who is the one who has the power of call for election and appoint governments is clearly disagreeing with the voting frenzy. Keep in mind that Italy's prime minister is not elected, but appointed by the President in agreement with both Chambers (there must be a viable political support for the Prime Minister in the two chambers), and the PD still has the complete majority in the Parliamnet and a strong dominance in the Senate.

The main problem is that the only presentable political force in Italy today is the PD. The rest is a galaxy of incoherent union of populism and ignorance, right to far-right xenofobic meanness, Berlusconi, and some residual right-wing parties made of people who have supported Berlusconi for 20 years. There is not a viable option apart from the PD, but the PD has shown to be victim of the same detachment from the people, and often from reality, that all mainstream parties are living today around Europe (and beyond).

I still support the idea that Italy, in this, is the avant-garde, the laboratory of what will happen in the rest of the western world, as it was the case in the last two decades. So what happens is crucial.
 
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Whistleblower Jonathan Sugarman at EU Parliament
15 11 2016
[video=youtube;fuAQO-jkjwM]https://www.youtube.com/watch?v=fuAQO-jkjwM&t=0s[/video]

Jonathan Sugarman talking about 2008 Irish bank bail out
(Mar 2013)
 
^Good to see that I'm not alone in thinking like that (since 2009).

Our entire system has this problem: private gains, public pains. That greedy mess is collapsing everything.
 
Vincent Brown interviews Jonathan Sugarman who served as head of risk management at UniCredit Bank in Ireland.
(6 Dec 2016)

Jonathan Sugarman ebook
https://www.smashwords.com/books/view/685170

the looming reality crisis facing Mario Draghi over his actions (or inactions) about potentially devastating losses at Italy's largest bank, and now we have another update as more questions are being asked.
http://www.zerohedge.com/news/2016-11-30/when-first-small-piece-shit-finally-sticks (warning site practically alt right)


Euro bank whistleblowers get shafted while SEC pays them millions
https://www.sec.gov/news/pressrelease/2016-255.html

https://www.sec.gov/page/whistleblower-100million
 
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My theory is this: You actually *want* a crisis at the horizon so that people go spend their money (because it might as well be worthless in a year) instead of putting it into their bank accounts where it does nothing.

Depending on which newspapers you read the EU is either on the brink of breaking apart or more stable than ever, or anything in between.

One big problem (at least in my mind) is the fact that politicians seem to treat the people that elected them as dumbasses. Decisions are rather made in secret and behind closed doors, instead of explaining the pros and cons (and the consequences) to the people. You generally get a feeling of "elect me and then shut up for the next couple of years, until you pretty pretty please elect me again because I promise you some short-term tax relief or whatever" from almost all the politicians. Therefore it's no surprise that more and more people vote for right wing extremists that vaguely promise solutions by going back to nationalist-centered values and preferably blaming somebody else for everything that's wrong. Go-to candidates are usually Germany (because WW2), Germany (because strong economy), Germany (because reasons), and/or immigrants (for when you can't blame Germany because you are Germany).
 
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