Voting has begin in Venice and the surrounding region on whether to break away from Italy.
Recent opinion polls suggest that two-thirds of the four million electorate favour splitting from Rome, but the vote will not be legally binding.
The poll was organised by local activists and parties, who want a future state called Republic of Veneto. Continue reading
Lets be absolutely clear: As history has shown us through repetition, there is no such thing as a “one-off” capital levy, which is a fancy and whitewashed term for stealing from the citizens — yet it is spinned in such a way that the people perceive it as their government working hard in their interests. Once the government has confiscated a piece of wealth, it will consider it a test of the public’s patience, and likely do it again. We saw it in Cyprus, Greece, Hungary and Poland the last few years — and these are only examples during modern times. As the economies continue to plunge, they will take more and more until everything has imploded.
(Reuters) – Germany’s Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.
The Bundesbank’s tough stance comes after years of euro zone crisis that saw five government bailouts. There have also bond market interventions by the European Central Bank in, for example, Italy where households’ average net wealth is higher than in Germany. Continue reading
At the beginning of 2014, Detroit may be bankrupt, but they’re cheering the five-year-old U.S. auto bailout in Italy. That’s because after being the beneficiary of billions in U.S. taxpayer largesse, Fiat, the leading Italian auto company, is going to buy its final stake in Chrysler from that other big bailout recipient, the United Auto Workers (UAW).
Events in Italy are turning serious. President Giorgio Napolitano has warned of “widespread social tension and unrest” in 2014 as the Long Slump drags on.
Those living on the margins are being drawn into “indiscriminate and violent protest, a sterile lurch towards total opposition”.
His latest speech is a veritable Jeremiad. Thousands of companies are on the “brink of collapse”. Great masses of the working people are on the dole or at risk of losing their jobs. Very high rates of youth unemployment (41pc) are leading to dangerous alienation. Continue reading
BRUSSELS – Seven EU countries have formed what France calls a “club” to produce military drones from 2020 onward.
The scheme was agreed in Brussels on Tuesday (19 November) at a meeting of the European Defence Agency (EDA), the EU’s defence think tank, by France, Germany, Greece, Italy, the Netherlands, Poland and Spain. Continue reading
On 9/11 of this year, Pope Francis had also declared to athiests that you don’t have to believe in God to get to heaven.
He couldn’t be more contradictory from lessons and warnings within the written word of God (Bible) that he is sworn to live and lead by. Here are a few examples:
- 1 Timothy 1:19-20
- Titus 1:16
- 2 Peter 2:1-3
- Revelation 2:20-22
Under this pope, is without question and now official that Apostasy has entered the Vatican/Roman Catholic Church, today’s Holy Roman Empire — among many others.
See also: Pope: ‘I have never been a right-winger’
Pope Francis said the Catholic Church shouldn’t be “obsessed” with preaching about abortion, gay marriage and contraception and should instead try to reach out to a broader congregation.
“It is not necessary to talk about these issues all the time,” Francis told the Catholic publication, La Civilta Cattolica. “We have to find a new balance; otherwise even the moral edifice of the Church is likely to fall like a house of cards, losing the freshness and fragrance of the Gospel.” Continue reading
Given the absence of serious moves from Europe, anything could set off another bout of international financial contagion
Dow Jones Market Watch is warning of major problems emanating from the Eurozone. This comes amid the latest data from Spain where the economy contracted yet again, this time by 1.7 percent in the second quarter on a year-on-year basis. More problems were reported out of Greece, Italy and Germany.
In an article today, Michael Casey, managing editor for the Americas at DJ FX Trader, said: Continue reading
With the United States suiciding itself back into the stone age, the EU is not idly waiting for someone else to depend on, such as NATO. It would leave them too exposed to China and Russia. A European Army is slowly being born (Additional sources: Here and here) while the EU itself continues to force itself through economic and social means into the United States of Europe. Its very own intelligence apparatus is only part of the overall objective.
In the end, all roads lead to Berlin which controls and runs the EU via economic might and heavily wielding influence through such organizations as “The Troika” that subjugates other nations (i.e. Greece and Cyprus) and turns them into German vassal states. The Fourth Reich is here.
In any case, the EU does and always has known that the NSA has been spying on them — as well as having been a source of their own intelligence. Germany in fact has been collaborating with the NSA since the 1960′s. Germany itself cannot spy legally on their own citizens in such a manner as the NSA, thus needs the outside source which is out of legal jurisdiction and cannot be held accountable. This is only a politically driven tactic to slowly push the US out of its backyard and for the EU to stand out on its own as a world superpower.
The European Union (EU) is planning to assemble an independent intelligence body of its own in “an urgent response” to the recent revelation that the US has been spying on EU officials as well as European citizens.
The planned apparatus, which will be set up by owning and operating spy drones, surveillance satellites and espionage aircraft by the EU itself, will be used for “internal security and defence purposes,” the Telegraph reported, citing “officials.” Continue reading
Italy is likely to need an EU rescue within six months as the country slides into deeper economic crisis and a credit crunch spreads to large companies, a top Italian bank has warned privately.
Mediobanca, Italy’s second biggest bank, said its “index of solvency risk” for Italy was already flashing warning signs as the worldwide bond rout continued into a second week, pushing up borrowing costs.
“Time is running out fast,” said Mediobanca’s top analyst, Antonio Guglielmi, in a confidential client note. “The Italian macro situation has not improved over the last quarter, rather the contrary. Some 160 large corporates in Italy are now in special crisis administration.” Continue reading
The Group of Eight (G8) summits have traditionally been seen more for their vanity than substance, and the one that opens today (June 17) in Lough Erne, Northern Ireland, will not be an exception. The members of this privileged club—the United States, United Kingdom, France, Canada, Germany, Japan, Italy and Russia—see no particular need to overcome their differences in managing the world’s slow-burning crises, from the economic slowdown to Syria. Besides the photo-ops, the main content of these tightly scripted get-togethers is supposed to be generated in the back rooms, and the most private of those is this time reserved for the meeting between US President Barack Obama and Russian President Vladimir Putin, which should have happened a year ago, had Putin not opted to skip the May 2012 G8 summit in Camp David. The key figures in the Obama administration have far outdone their Russian counterparts in preparing an agenda for this tete-a-tete but succeeded only in downplaying the criticism of Putin’s persecution of political dissent, while no breakthrough in arms control is in the making (Kommersant-FM, June 14). Expectations that Russia could show some flexibility on Syria are arrested by the long-postponed announcement in Washington on providing military aid to the rebels. And what little understanding there was on issues looming over the wider Middle East is shattered by Putin’s statement that he has “no doubt that Iran is compliant with the rules” in executing its nuclear program (Gazeta.ru, Moscow echo, June 14; Forbes.ru, June 12). Continue reading
(ANSAmed) – Rome, May 15 – Italy’s foreign minister Emma Bonino has called for a ‘United States of Europe’.
“I am a confirmed federalist and so is this government,” Bonino said on Wednesday.
“Our objective remains the United States of Europe” and “a system that guarantees major results and also savings in the area of defence, research, major infrastructure and obviously foreign policy”. Continue reading
Decades of doubt over the role played by “Hitler’s Pope” under the Fascist regimes in Italy and Germany during the 1930s and 1940s may be answered if Pope Francis, as a close friend has suggested, opens the Vatican archives.
Rabbi Abraham Skorka, who has known the Argentine former Cardinal Jorge Mario Bergoglio for 20 years, said he had discussed the role of Pius XII – the man long dubbed as “Hitler’s Pope” – at length with the new pontiff.
The Rabbi, who recently co-authored On Heaven and Earth, a book of interviews with his friend, said he had made clear that he thought Pius’s legacy ought to be “investigated thoroughly”. Continue reading