Posted on 07/14/2022 7:28:39 AM PDT by JonPreston
Italian Prime Minister Mario Draghi's coalition government risked collapse on Thursday after the 5-Star Movement, one of its members, failed to support a parliamentary confidence vote including measures to offset the cost of living crisis.
The confidence vote has become a focal point for tensions within Draghi's broad coalition as its parties prepare to fight each other in a national election due by early 2023.
The risks of a collapse of a Draghi government rippled through financial markets where Italian bond yields rose sharply, indicating investors demanding a higher premium to hold its debt, and shares fell.
(Excerpt) Read more at ibtimes.com ...
Things are getting very interesting.
Most of my Italian lingo is the curse words my Grandfather (God rest his soul) would yell at the TV set - especially during “Meet the Press”
The PIIGS are about to blow...
Down goes Draghi. Down goes Boris. Down goes....
And Abe assassinated.
I don’t think the timing of any of these is a coinkydink.
The natives are restless. The political class has become disconnected from the people.
Deep States don’t care.
Europe’s various economies cannot support unlimited numbers of “refugees”. At some point, either they collapse, or they start expelling the refugees. No idea as to which will happen, but I would like to see mass expulsions.
Yep the EU is collapsing in front of our eyes. Bojo resigning, Macron likely resigning soon, Draghi in Italy and the Dutch PM in trouble. Sri Lanka has run their leaders out. Myanmar too. Ukraine is being cleaned out. The NWO is going down.
Political chaos in Italy - well, its good to know at least something remains normal in this world.
Draghi was effectively the appointment of the European Central Bank who succeeded in getting his technocratic government installed after bribing 5-Star and other parties.
From your terminal to God’s monitor!
I’m sure Klause has new people ready to take over
I grew up around men like your grandfather. What a joy!
Yes, PIGGS = Portugal, Italy, Ireland, Greece, and Spain
People always thought it would be Greece bringing down the EU, but my bet has always been on Italy being the country that does it. While Greece’s debt to GDP is higher, the Italian economy is much bigger and it will be impossible for the European Central Bank to bail them out. With inflation getting out of hand in Europe, the ECB has no choice but to raise rates next month, but dong so will ultimately lead to the collapse of Italian bonds. Going to be an interesting year ahead.
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