Italy – Page 2 – DEMAGAGA

News

European Pessimism and German Ambitions: Reasons for Worry?

The recent financial crises spreading throughout debt heavy European sovereigns has called into question the viability of the common currency and the whole European project. In its initial stages, the European Coal and Steel Community was proposed by French foreign minister Robert Schuman on May 9, 1950 as a way to prevent future war from […]

Mario Monti Called Upon by Italian President Giorgio Napolitano to Form a Government.

Italian President Giorgio Napolitano has called upon popular technocrat and Senator for life Mario Monti to form a government to tackle Italy’s growing sovereign debt crisis. Berlusconi’s party, the People of Liberty, promised to only cooperate for as long as it takes to pass through the necessary measures to reduce Italy’s $2.6 trillion public debt. […]

France’s Austerity Measures Strictest Since World War II.

To avoid the spread of contagion as well as deflect any potential fallout from the bubbling kettle that is the Italian economy, France has taken moves to pass austerity measures which are some of the most stringent the country has seen since the end of World War II. The new package includes cuts of 112 […]

Italian Prime Minister Silvio Berlusconi Offers Resignation in Return for Euro Reforms.

Italian Prime Minister Silvio Berlusconi may be the latest domino to fall in the toppling of governments that has followed the spread of the euro zone financial crisis that has already claimed Greek Prime Minister George Papandreou’s government. In exchange for his resignation, Berlusconi wants the Italian parliament to pass the austerity measures requested by […]

Italy’s Ruling Coalition Close to Disintegration.

Almost in lock step with the Greek crisis comes the spread of panic to its heavily indebted eurozone neighbor, Italy. Italian Prime Minister Silvio Berlusconi’s coalition government has reportedly rebelled against him, but he has vowed to not relinquish the reins of power. Berlusconi’s government has made Italy a bit of a farcical sideshow given […]

Who holds the most gold in the world? We do.

(in tonnes – due to the wild fluctuation of the price of gold) 1. US 8,133.5 2. Germany 3,401.0 3. The IMF 2,846.7 4. Italy 2,451.8 5. France 2,435.4 6. China, 1,054.1 7. Switzerland 1,040.1 8. Russia 775.2 9. Japan 765.2 10. Netherlands 615.5 With the value of gold skyrocketing due to economic uncertainties surrounding […]

Bundesbank disapproves of ECB bond buying.

The German Bundesbank has increased pressure on German Chancellor Angela Merkel’s attempts at shoring up support for the ECB bailout of the sovereign debts of Italy and Spain in an attempt to stave off unsustainable future borrowing costs for the two beleaguered EU states. This just highlights the coordination difficulties inherent in the current financial […]