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Return of the Lira? Italian general election, 2018

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    Thanks, GY.

    I've been too disheartened to post about the bailout.

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      I'm hoping it was just rushed out in an "oh shit what do we do?" moment and the precautionary recapitalisation isn't really going to happen, but, you know, it's Italy.

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        We should be so lucky.

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          Meanwhile, Salvini remains an utter cunt.

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            He certainly is extremely dedicated to his cuntitude.

            The truly concerning thing is that his poll numbers increase with every outrage. This is not going to end well.

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              Both Salvini and DiMaio have now come out in favour of nationalisation while not requiring bondholders to take a haircut.

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                And it turns out that Conte is very close with one of the directors who got CARIGE into this situation. So we have all of the elements.

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                  Salvini now castigating the ECB for threatening savers' portfolios by <checks notes> requiring banks to provision against non-performing loans that are clearly never going to be repaid.

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                    In an appeal to the Italian public's insatiable appetite for news of places that are close to being as dysfunctional as their own, La Repubblica's website is live streaming the no confidence debate (without dubbing or subtitles).

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