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Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???

 
Luisport

User ID: 34808638
Portugal
02/20/2013 07:54 AM

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Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Regardless of who wins next weekend's parliamentary election, Italy's long economic decline is likely to continue because the next government won't be strong enough to pursue the tough reforms needed to make its economy competitive again.

Bankers, diplomats and industrialists in Rome and Milan despair at how Italians are shifting allegiances ahead of the February 24-25 vote to favor anti-establishment upstarts and show disgust with the established parties.

That makes it more likely that no bloc will have the political strength to tackle Italy's deep-rooted economic crisis, which has made it Europe's most sluggish large economy for the past two decades.

Final opinion polls predict that the vote will deliver a working majority in both houses for a centre-left coalition governing in alliance with technocrat former prime minister Mario Monti. Political risk consultancy Eurasia assigns this scenario a 50-60 percent probability.

But Italy's election for both chambers of parliament has the potential to tip the euro zone back into instability if the outcome does not produce that result.

The colorful cast of candidates includes disgraced media tycoon Silvio Berlusconi, one of the world's richest men, the bespectacled academic Monti, anti-establishment comedian Beppe Grillo who campaigns from a camper van, and Nichi Vendola, a former communist poet who is the governor of Puglia.

Investors have so far taken a relaxed view, relying on polls produced until the legal deadline for surveys of Feb 10.

One of the best indicators that they are not worried: Italian benchmark 10-year bond yields, which topped six percent during the country's worst political moments in 2011, are now trading around 4.4 percent, almost a full percentage point lower than those of Spain.

Italian stocks have performed broadly in line with the wider European market since January, despite the election and a wave of scandals which has engulfed several leading Italian groups.

But observers in Italy are increasingly nervous that the rosy election scenario favored by investors may not work out.

A jaded electorate, angry about political corruption, economic mismanagement and a national crisis that has impoverished a once-wealthy member of the G7 club of rich nations, could produce a surprise.

Pier Luigi Bersani, the standard-bearer for the centre-left, is a worthy but lackluster former minister whose party has been linked to a banking scandal in the mediaeval Tuscan town of Siena. Support for his party now seems to be fading.

Opponents have latched on to the fact that the ailing bank, Monte dei Paschi, was run by a foundation dominated by political appointees from the centre-left and accused Bersani's party of presiding over a debacle that will cost taxpayers hundreds of millions of euros.
... [link to twitter.com (secure)]

Last Edited by Luisport on 03/03/2013 03:41 PM
Luisport (OP)

User ID: 34808638
Portugal
02/20/2013 07:57 AM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Business Insider‏@businessinsider

Italy's Dismal Economic Situation In 2 Huge Slides [link to read.bi]
Luisport (OP)

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Portugal
02/20/2013 08:01 AM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
poop
Anonymous Coward
User ID: 25021844
United States
02/20/2013 08:06 AM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
are they gonna tear down the Obelisk too ???
Luisport (OP)

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02/20/2013 08:09 AM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
are they gonna tear down the Obelisk too ???
 Quoting: Anonymous Coward 25021844


stoner
ninnie
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South Africa
02/20/2013 08:26 AM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
This world of sin ends and a new world of peace begins with the real Jesus in Person, Who is God Almighty!
Luisport (OP)

User ID: 34808638
Portugal
02/20/2013 09:18 AM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
zerohedge‏@zerohedge

Italy's North-South Divide, And Lombardia's Starring Role In The Elections [link to www.zerohedge.com] …
insertfunnyusername

User ID: 33954516
Greece
02/20/2013 09:38 AM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
UniCredit, Italy's biggest bank by assets, plans to close an extra 350 branches - or nearly 10 percent of its network - by 2015, CEO Federico Ghizzoni said on Tuesday.
[link to economictimes.indiatimes.com]
Anonymous Coward
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Mexico
02/20/2013 09:45 AM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
I dont think that ANY of the candidates is working for the people of Italy.
Luisport (OP)

User ID: 20196559
02/20/2013 12:31 PM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
I dont think that ANY of the candidates is working for the people of Italy.
 Quoting: Anonymous Coward 34718577


ohyeah
Children of the Atom

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02/20/2013 12:32 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
poop
 Quoting: Luisport


devil
Anonymous Coward
User ID: 11934995
Canada
02/20/2013 12:33 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
bump
Anonymous Coward
User ID: 24684163
United States
02/20/2013 12:36 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
UniCredit, Italy's biggest bank by assets, plans to close an extra 350 branches - or nearly 10 percent of its network - by 2015, CEO Federico Ghizzoni said on Tuesday.
[link to economictimes.indiatimes.com]
 Quoting: insertfunnyusername


I meant to ask how is Greeces' strike going ?
Anonymous Coward
User ID: 28952191
San Marino
02/20/2013 12:42 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
OUT OF THE EURO NOW!
Luisport (OP)

User ID: 20196559
02/20/2013 12:44 PM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
OUT OF THE EURO NOW!
 Quoting: Anonymous Coward 28952191


clappa
insertfunnyusername

User ID: 33954516
Greece
02/20/2013 12:50 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
UniCredit, Italy's biggest bank by assets, plans to close an extra 350 branches - or nearly 10 percent of its network - by 2015, CEO Federico Ghizzoni said on Tuesday.
[link to economictimes.indiatimes.com]
 Quoting: insertfunnyusername


I meant to ask how is Greeces' strike going ?
 Quoting: Anonymous Coward 24684163


Demo's went pretty cool compared to other recent ones, bar a few tear-gas used in a traditional anarchist stronghold neighborhood in Athens, no problems in the rest of the country. Relatively peaceful for Greek standards.

Last Edited by insertfunnyusername on 02/20/2013 12:51 PM
Luisport (OP)

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02/20/2013 12:59 PM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
zerohedge‏@zerohedge

BERLUSCONI SAYS MONTI ISN'T AT ALL TRUSTWORTHY.
Luisport (OP)

User ID: 34831322
Portugal
02/20/2013 02:53 PM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
zerohedge‏@zerohedge

MONTI SAYS HE WOULD GUARANTEE LOWER BORROWING COSTS THAN RIVALS. Monti has his own printing press?
Anonymous Coward
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Italy
02/20/2013 03:06 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
the future of Italy could be this screaming man in squares full of ppl... what make him remember you?

Anonymous Coward
User ID: 34829540
Serbia
02/20/2013 03:27 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
the future of Italy could be this screaming man in squares full of ppl... what make him remember you?


 Quoting: Anonymous Coward 34824813


Clone Mussolini.
This guy needs help.
Luisport (OP)

User ID: 34880568
Portugal
02/21/2013 11:21 AM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Business Insider‏@businessinsider

In The Final Days Of The Campaign, Silvio Berlusconi Has Attempted The Mother Of All Dirty Tricks [link to read.bi]
Anonymous Coward
User ID: 22218611
Philippines
02/21/2013 11:29 AM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Europe may not be done producing monsters.
Anonymous Coward
User ID: 11934995
Canada
02/21/2013 11:31 AM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Europe may not be done producing monsters.
 Quoting: Anonymous Coward 22218611


scared
Luisport (OP)

User ID: 34880568
Portugal
02/21/2013 11:36 AM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Business Insider‏@businessinsider

Italy Got Creamed Today [link to read.bi]
Anonymous Coward
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02/21/2013 12:04 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
This world of sin ends and a new world of peace begins with the real Jesus in Person, Who is God Almighty!
 Quoting: ninnie 34674477


I don't know who's the bigger cunt...you or your imaginary friend, jesus. Jou doos :-)
Anonymous Coward
User ID: 34880894
Italy
02/21/2013 12:24 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
the future of Italy could be this screaming man in squares full of ppl... what make him remember you?


 Quoting: Anonymous Coward 34824813


bump
Luisport (OP)

User ID: 34939921
Portugal
02/22/2013 02:17 PM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
zerohedge‏@zerohedge

What The 'Real' Money Thinks Of The Italian Election [link to www.zerohedge.com] …
Anonymous Coward
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Italy
02/22/2013 02:27 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Thread: ITALY after General Elections..extended RIOTS

bump
Luisport (OP)

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Portugal
02/22/2013 02:56 PM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Business Insider‏@businessinsider

Why The Italian Election Is The Strangest We Can Ever Recall [link to read.bi]
Aristide Torchia

User ID: 29901291
Switzerland
02/22/2013 03:03 PM
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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Luis, I know you had the same story on the Pope today, just wanted to let you that I, at the time of posting, was not aware of it-best, Aristide Torchia
5a
Torchia was born in 1620. He was apprenticed in Leyden under the Elzevir family. After returning to Venice he published small works on philosophical and esoteric themes. In 1666, Torchia published De Umbrarum Regni Novem Portis (The Nine Doors to the Kingdom of Shadows), which was in turn based on the Delomelanicon, or Invocation of Darkness, a work supposedly written by Lucifer and that would allow the reader to summon devils. The Inquisition condemned Torchia for magic and witchcraft and burned him at the stake in 1667.
Luisport (OP)

User ID: 34939921
Portugal
02/22/2013 03:09 PM

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Re: Italy updates!!! A SECOND TECNOCRATIC GOV ON THE WAY???
Luis, I know you had the same story on the Pope today, just wanted to let you that I, at the time of posting, was not aware of it-best, Aristide Torchia
5a
 Quoting: Aristide Torchia


don't worry, i post it yesterday... hf

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