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

Italy has lots of debts, thats true, but it is mostly held by italiens.
Italy has had a surplus the last years, meaning a functioning economy.
Italy can handle its debts. They proved it the last 20 years.

What happens today is, that countries are attacked by the "markets", but their ultimate aim is the EURO.

At the same time, in countries like France or Germany, money is invested and safe, due to the QEn+1 liquidity bubble.

France is far worse off than Italy. All that, makes only sense, if you accept one fact:

We are being played by international investors, aka wall street and the city. We are the ball, that is being played in a big international financial ball game.

others will produce the food not even knowing it will end up in germany.
not a problem.

what is really interesting is that there are a lot which dont like germany....

here is what i hav to say....

success produces jealousy and that is an honor!

Well certain MSM drivel from both north and south didn't help with the already sensitive European relations imho, and that's a key reason why the EU nation that you think is a good idea and could potentially happen soon, won't happen for now, Europe is not US, it's Babel, it is too soon for something like that, people will revolt when they won't have the basic necessities and i can reassure you that they won't give a damn about neighboring and other EU countries.

One thing i've noticed from Germans though is that you guys certainly aren't prepared at least mentally for what is coming, most of you think that US and European countries will collapse and everything would go on just great for you and export things to China and Arab countries instead, which is obviously just a theory and nothing more than that, because if you could you would have done this already, no company in the world would say lets not sell more, your bread and butter is EU exports paid in a hard currency like the euro for now end of story, you'll be in massive trouble too, but i blame more the German MSM for giving you a fake impression of how bad really the things are in the rest of EU, at least half of the Germans believe that the situation is still manageable and recovery could soon take place, won't happen, we'll all go down Germany included, actually is a race to the bottom already.

Man, Grillo will now fill Olimpico if he ever makes a stand-up comedy.

and bersani+monti?

Unfortunately, for most, they have always been and will always be cannon fodder

Grillo is anti-establishment. If he comes out stronger than Bersani and Berlusconi he'll be content enough that he's done that well.

Unlesd he wants to start a revolution in Italy (and broader Europe). The man is a populist and a firebrand. He has the means to do it if he wants to.

Might not be a bad idea in light of how bad things are over there..

grill - o

mr. barbecue!

Boy, oh boy! Merkel & Schaeuble grilled like a Frankfurter Würstchen by Grillo.

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)]

grill - o

mr. barbecue!

Great first Greece, than Italy, next Spain and the doom in the EU goes on.

And then Germany will be f***ed.

LOL

the future of Italy could be this screaming man in squares full of ppl... what make him remember you?