Tuesday, August 22, 2017

Tag: Matteo Renzi

EU summit lines up against Russia

On Thursday, the 28 leaders of the European Union gathered in Brussels at their final summit of the year. The EU is in deep crisis. Following the British decision to leave the EU, the election of Donald Trump as US president, and the rise of right-wing nationalist forces in...
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Mark Blyth: Global Trumpism and The Revolt Against The Creditor Class

Mark Blyth is a Scottish political scientist and a professor of international political economy at Brown University. At an event on November 9 at Brown's Watson Institute for International and Public Affairs, he spoke about "Global Trumpism" -- a worldwide working-class backlash against harmful macroeconomic trends. "What we have everywhere...

Europe’s Future Will Be Decided at a Quaint Renaissance Italian Bank

Italy's third largest bank needs a bailout. What happens next could mean a revolution in Rome – or in Brussels. Italy's Banca Monte dei Paschi di Siena would seem to be the archetype of a good, locally based, non-exploitative financial institution. The oldest bank in the world, with headquarters located...

Italy’s Banks On Death Bed. Are Bail-Ins Coming?

Italy's third largest bank by assets, Banca Monte dei Paschi di Siena SpA is on the death bead. It’s been there since mid-2014. Italian banks in general have €200 billion in non-performing loans. They have another pile of troubled loans that are late just some of the time. To address the...

Chaos at Europe’s big banks: Italy begs for bad loans bailout and IMF warns...

Europe's banking sector is braced for chaos, with Italian giants desperate for a bailout and Germany’s biggest lender deemed a threat to the world economy. In Italy, politicians begged the European Union for permission to bail out troubled lenders sitting on more than £300bn of bad loans. Meanwhile, Portugal – long...

Italy Said to Seek Opening to Fund Lenders With $44 Billion

Italy, which failed to gain European Union approval for a bad bank just months ago, is considering ways to inject funds into some of its lenders after the U.K.’s vote to leave the trade bloc sparked a fresh selloff, according to people with knowledge of the talks. The government is...

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