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Return of the Lira? Italian general election, 2018

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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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                  Some "challenging" thoughts about their neighbour from the Italian government: https://www.bbc.co.uk/news/world-europe-46955006

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                    Well it's about time someone brought it up.

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                      A pity Kev has left us.

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                        Having recorded its second consecutive quarter of falling GDP, Italy is officially in a recession.

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                          We're going to have to have a discussion with Bloomberg about what constitutes Centre Right.

                          Matteo Salvini, the League’s leader, is coming under pressure from his party to pull the plug on the populist coalition. He could then fight a new election as leader of a reunited center-right coalition, allowing him to focus on pledges such as tax cuts. This might happen after the European Parliament elections in May, which may give Salvini greater certainty about his popularity in the polls.

                          A center-right government would maybe be more reassuring for investors. After all, one populist agenda is better than trying to straddle two.

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                            The French have recalled their ambassador to Rome in response to the continued (verbal) attacks by Di Maio and Salvini.

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                              Originally posted by ursus arctos View Post
                              The French have recalled their ambassador to Rome in response to the continued (verbal) attacks by Di Maio and Salvini.
                              that and Di Maio meeting the 'leadership' of the Yellow vests.

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                                I see the Italian Government have said that the recession they caused proves their point that the economy needs "stimulus" (ie poorly targeted freebies).

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                                  There's a Gilet Gialli demonstration planned for Saturday in Rome, which will no doubt make things better.

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                                    I wonder how many cabinet members will be taking part?

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                                      To the surprise of no-one, it appears Lega have been getting funding from Moscow:

                                      http://twitter.com/espressonline/status/1098616904921567232

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                                        3 million for the Euro elections disguised as a diesel fuel transaction.

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                                          Is this likely to cause a fuss?

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                                            It will be a story in the quality press for a while, and a number of notables will tut tut, but it will have zero impact on the Lega's base, who will see it has as yet another attack on their heroes by the "elite"

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                                              So no-one is going to be upset at salvini being basically a putin puppet?

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                                                He's been overtly pro-Russia for ages, so why would they be, as long as he keeps fucking over immigrants and Roma?

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                                                  Exactly

                                                  There may be some grumbling that he only got three million

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                                                    Missed this while I was on holiday. It really does seem like the raison d'etre of most Italian banks is to sell their retail customers the most inappropriate investments possible to offset losses on shitty loans to friends of the owner's family.

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