Posted on 12/04/2016 3:33:16 PM PST by Pinkbell
Edited on 12/04/2016 4:52:02 PM PST by Admin Moderator. [history]
Italian Prime Minister Matteo Renzi has announced his intention to resign after suffering what looks set to be a humiliating defeat in a referendum over his plan to reform the constitution, throwing the country and the euro zone into confusion.
(Excerpt) Read more at cnbc.com ...
Hot damn.
Brexit
Trump
Italexit
Shame we couldn’t get Austria earlier today. But 3 out of 4 is not bad. I think even Meatloaf would agree.
More good news.
The government could not get a bill through Parliament that would allow them to pay the interest on their debt, bail out the banks and pay current exorbitant expenses.
This is Italy’s second step toward sovereign default, the first being borrowing more than they could ever hope to pay back, or keep up on interest payments.
But in the long run I am convinced Italians will be better off after the default.
The winning has gone international.
Looks like a lot of people have been holding out for a hero, so to speak.
Yup. Default is a great way to force fiscal responsibility. If you can’t borrow, running a deficit is more difficult.
Love it!!!
And their markets tanked....oh, wait.....
Can someone explain this in plain english? It looks to me like typical liberal double and triple negative wording that makes it sound like you have to vote the OPPOSITE way you might think, in order to get your desired effect.
Is this similar to Brexit? Is a ‘NO’ vote good or bad?
Great question. I’ll be waiting to see a response to you also.
Arrivederci.
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