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Euro skids as Italy votes 'No' on reform, dollar in demand
Reuters ^ | Dec 4, 2016 | Wayne Cole

Posted on 12/04/2016 3:45:55 PM PST by aquila48

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To: max americana

12 euros for a beer!!!-???

in Naples?- just wow, something special about that beer?


41 posted on 12/04/2016 6:06:09 PM PST by mj1234
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To: mj1234

Yeah dude. If it was a Victora’s Secret supermodel in a bikini bringing that beer, SURE, I’m cool with it. But prices in Europe are highway robberies.


42 posted on 12/04/2016 6:25:18 PM PST by max americana (For the 9th time FIRED LIBERALS from our company at this election, and every election since 2008)
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To: PJBankard

Our people see the .91 as the bottom for the Euro. We shall see.


43 posted on 12/04/2016 7:06:56 PM PST by cornfedcowboy
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To: Iron Munro

“Can anyone here provide a concise description of what was actually voted on?”

The actual vote was about amending the constitution to basically eliminate the power of the senate. It would have made the government unicameral (like having only the House of Representatives here). The reason they wanted to do that was to make it easier to pass laws. Make the government “more efficient”.

If you’re a conservative, this is even worse than it sounds. Italy has a parliamentary form of government which means that the prime minister gets chosen by the party(ies) that control the lower house (like representatives here).

It would be like always having the president and congress be of the same party. It would make it very easy to pass whatever the party in control wanted to ram through. This is just the type of thing that our founders wanted to avoid at all costs. They wanted separation of power not concentration - they didn’t want it to be easy to pass laws.

Beside eliminating the Senate, the referendum would also drastically reduce the power of Italy’s Regions (States) and of municipalities. So it was a huge push for centralization.

Also it made Italy more subservient to the EU.

On top of all this the Prime Minister, Renzi, who authored this and was pushing it with all his might, made it into a personal referendum - he repeatedly threatened to resign if the referendum lost.

This threat to resign motivated the parties on the right to campaign even harder against the referendum. they could kill two birds with one stone. You see, Renzi is a bit like Obama and Merkel, loves the refugees, the euro and the EU. He’s basically a lefty globalist.

At this point the Italian people have had it up to here with the invaders from Africa and the middle east. And they have also had it with the euro and the EU and the loss of their sovereignty, and so they came out in droves to kill the referendum and and Renzi’s political career.

So now what? Remains to be seen, but probably the president will appoint a caretaker government and call an early election to be held probably in the spring. (They don’t take 2 years like we do here).

The two main parties that benefited from this upheaval are the Northern League, a rightist party led by an Italian version of Trump, Salvini, and the Five Stars Movement, a party that is hard to pin down ideologically, led by the comedian Beppe Grillo. Their battle cry is to end corruption.

They both hate the EU and the euro and they both resent the invaders.

It’s very likely that one of those will be the next Prime Minister, unless they split up the votes on the right ans let the center left win again, in which case not much will change. If Grillo or Salvini becomes the PM then there will be a referendum to pull out of the euro and the EU.

In short :) that’s what the fuss is about.


44 posted on 12/04/2016 7:21:14 PM PST by aquila48
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To: nwrep
The Obama EffectTM.

Everything he touches turns to crud. And the liberals let him have America for 8 long years.....
45 posted on 12/04/2016 7:23:28 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: aquila48

Very informative and concise. Thank you. I was one of those that was wondering how this memorandum affected the EU.


46 posted on 12/04/2016 7:33:05 PM PST by mikeIII
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To: aquila48

funiculì, funiculà


47 posted on 12/04/2016 8:09:16 PM PST by P.O.E. (Pray for America)
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To: allendale

Old hippie socialists who have been running roughshod over the world for decades are finally heading into the old folks home. The Western World is getting its sanity back.


48 posted on 12/04/2016 8:09:29 PM PST by JennysCool
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To: 353FMG

“I remember 4DM for the dollar. A bier in Munich cost me a quarter.”

Yes, I do too. And excellent bier, too.

I left Germany December 1970 and it was about DM 3.75 to $1

So those biers were up to about $0.27 if my memory serves me.

Many breweries in the region. Many are pilsner, my favorite.

https://www.ratebeer.com/brewers/brewing-company-12690.htm


49 posted on 12/04/2016 8:15:12 PM PST by truth_seeker
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To: ConservativeMind
Heh, heh.

The EU is failing.

Heh, heh.

Man, you're talking about nations prone to killing off massive numbers of their population every fifty years or so.

50 posted on 12/04/2016 11:04:36 PM PST by Read Write Repeat
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To: 9YearLurker

I toured Europe in 2000 when the Euro was worth something like $0.60.

What a trip that was. I passed a real estate office in South-Eastern Holland where they had color laser printed pictures of nearby homes for sale. There was a big three storey Dutch home from the 1800s with modern furnishings inside sitting on a few acres of land that came included with a medieval stone fortress that was apparently once a Christian abbey of some kind and there was a remnant of a Roman road on the property. It was selling for way less than my house in California.

I bought some high end Puma and Adidas sneakers for about $20 a box. Big hearty dinners were like seven bucks. The only thing expensive was the plane tickets.


51 posted on 12/04/2016 11:19:04 PM PST by The KG9 Kid
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To: Billyv

It’s about time those Germans stopped driving those foreign cars, and started driving AMERICAN cars!!! ;)


52 posted on 12/04/2016 11:28:06 PM PST by Frank_2001
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To: 9YearLurker

The EU is a sick horse. It needs to be put down.


53 posted on 12/05/2016 1:45:13 AM PST by Eleutheria5 (“If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.)
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To: aquila48

UNaccountable bureaucrats on the skids? Always good.

UNaccountable bureaucrats are socialists/totalitarians.


54 posted on 12/05/2016 1:47:16 AM PST by PGalt (CONGRATULATIONS Donald Trump)
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To: allendale
The Italians have joined the Brits and the Americans. Collectively they have said no to the globalists, no to unrestricted migrations, no to the loss of cultural and national heritage.

Exactly. HOORAY Italians.

55 posted on 12/05/2016 1:48:59 AM PST by PGalt (CONGRATULATIONS Donald Trump)
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To: truth_seeker

Thanks for the link (#49)

https://www.beeradvocate.com/lists/top/

(IPA guy here)


56 posted on 12/05/2016 1:51:39 AM PST by PGalt (CONGRATULATIONS Donald Trump)
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To: aquila48

the USD is in freefall

the launch value of the Euro circa 1999
was $1.20

recently the Euro was $1.06

lookout below


57 posted on 12/05/2016 3:28:55 AM PST by RockyTx
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To: allendale
"No to the loss of cultural and national heritage."

If you lose your history...then what are you...who are you... You become whatever "THAY" tell you to be...! A field hand today, a sweat shop worker tomorrow...

Globalism is nothing more then communism on the march..!

MHO... :(

58 posted on 12/05/2016 5:49:39 AM PST by unread (Joe McCarthy was right.......)
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To: SaveFerris
The Obama EffectTM. Everything he touches turns to crud. And the liberals let him have America for 8 long years.....

...and I dare say that 30-40% of the voters would gladly give him a third term if that were possible.
59 posted on 12/05/2016 8:12:09 AM PST by Deo volente ("Our Independence Day is at hand, and it arrives finally on November 8th." Donald Trump)
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To: ColdOne

I suspect the Austrian election was rigged at the polls just as it had so obviously been rigged in the mail-in ballot the last time they ran the vote.

The left is just getting better at stealing elections.


60 posted on 12/05/2016 8:54:08 AM PST by MeganC (Ik ben Geert Wilders!)
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