Italy Threatens EU With “Nuclear Option”: Give 200,000 Migrants EU Visas, Sending Them North

 

Two weeks after Italy reacted with anger to Austria’s deployment of troops and armored vehicles to the border between the two nations, while reactivating border controls at the Brenner Pass over concerns that Italy will be unable to handle the roughly 85,000 migrants and refugees who have entered the country so far in 2017, the Italian government has threatened to retaliate in way that assures an imminent migrant crisis as well as an escalation of tensions between the two EU nations.

According to The Times, an Italian minister and a senator have threatened to issue temporary EU visas to thousands of migrants in an effort to “resolve” Italy’s escalating migrant and refugee crisis, which would then allow the refugees to travel north. The move, which has been described as a ‘nuclear option,’ would allow the nearly 200,000 migrants currently stranded in Italy, to travel across Europe using a Brussels directive loophole. Continue reading

A Replacement of Population is Taking Place in Europe

A wooden boat carrying migrants waits to be escorted to the Topaz Responder vessel, as members of the Migrant Offshore Aid Station make a rescue at sea on November 21, 2016 in Pozzollo, Italy. (Photo by Dan Kitwood/Getty Images)

 

  • People-smugglers bring the migrants to the NGOs’ ships, which then reach Italian seaports. Another legal enquiry has been opened about the mafia’s economic interests in managing the migrants after their arrival.
  • One cannot compare the migrants to the Jews fleeing Nazism. Pope Francis, for example, recently compared the migrants’ centers to Nazi “concentration camps”. Where are the gas chambers, medical “experiments,” crematoria, slave labor, forced marches and firing squads? These comparisons are spread by the media for a precise reason: shutting down the debate.
  • By 2065, it is expected that 14.4 million migrants will arrive. Added to the more than five million immigrants currently in Italy, 37% of the population is expected to be foreigners: more than one out of every three inhabitants.

First, it was the Hungarian route. Then it was the Balkan route. Now Italy is the epicenter of this demographic earthquake, and it has become Europe’s soft underbelly as hundreds of thousands of migrants arrive. Continue reading

Divide and Rule

BERLIN/PARIS (Own report) – With today’s special summit of four heads of state, Berlin is preparing the EU’s transformation in response to the Brexit. The German chancellor will meet in Versailles this afternoon with France’s president and the prime ministers of Italy and Spain. Selected southern EU members have been included in alleged leadership meetings with the German chancellor to prevent a southern European bloc from emerging, which could possibly, in the future, put an end to German austerity dictates. With Great Britain’s exit, the neo-liberal oriented EU countries are loosing the necessary quorum for a veto in EU bodies. Berlin could also encounter problems with the Eastern European “Visegrád Group,” which does not want to support the emergence of a powerful integrated core around a German hub, because it would consolidate a two or even three-class EU. Reinforcement of the EU’s anti-refugee border-management and particularly its resolute militarization are emerging as the common denominators for the Union’s transformation. Continue reading

Italy’s biggest bank UniCredit to be SOLD OFF in UK in desperate bid to avoid crisis

UniCredit is selling off its Polish operations and its asset management arm to boost capital (Bloomberg)

 

UNICREDIT is due to sell off a bumper load of shares in a desperate bid to avoid crisis.

Italy’s largest bank is preparing to unveil a £10.9billion (€13bn) rights issue this week.

UniCredit is expected to announce the sale in London and outline plans to offload assets and wide-ranging cuts. Continue reading

The Prophesied Reconfiguration of Europe

 

Italy is one of the core nations of the European Union project. This week, however, its citizens rejected constitutional reforms from its pro-EU Prime Minister Matteo Renzi. The referendum has shaken Europe. The EU appears to be fracturing, but Bible prophecy says that a core group of European nations will bind together to form the final resurrection of the Holy Roman Empire. On today’s show, Stephen Flurry revisits some of the most troubling trends in Europe today and explains how they are leading to the fulfilment of Bible prophecy. Continue reading

The Next Domino Falls As Predicted… Here’s What Comes Next

 

I recently spent several weeks in Italy, taking the pulse of the country. The Italian referendum on December 4 turned out exactly how I predicted it would.

The “No” vote won in a landslide, with 59% of the vote versus 41% for “Yes,” with a 70% turnout.

The pro-EU Prime Minister promptly announced his resignation after the crushing defeat.

A surging populist party waits in the wings. They’re now likely a matter of months away from taking power and then holding a new referendum on whether Italy should dump the euro and go back to the lira.

If that happens, Italians will likely vote to leave. Continue reading

A Time Bomb

ROME/BERLIN (Own report) – Following Italian Prime Minster Matteo Renzi’s defeat in Sunday’s referendum, Berlin is urging Rome to quickly form a “capable government” and resume its adjustment to the German model of austerity. “The economic problems have to be tackled at the roots,” said Jens Weidmann, head of Germany’s central bank, yesterday. German financial experts are floating the idea of a cabinet of technocrats, modeled on the Mario Monti government. Monti ruled for a year and a half beginning in November 2011, without having been democratically elected and initiated an austerity program considered extremely harsh. Time is pressing: the bank crisis, caused, to a large extent, by bankruptcies due to German austerity dictates, which has been festering in Italy for a long time, is threatening to escalate. The Monte dei Paschi di Siena tradition bank’s recapitalization planned this week is acutely endangered. It cannot be ruled out that its bank crisis could soon spread to other Italian credit institutions and to German banks. Continue reading

Potential “Systemic Crisis In Eurozone” After Italy Votes No, Renzi Resigns

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Italy’s Prime Minister Matteo Renzi has said he will officially resign Monday, after voters apparently rejected his proposals for constitutional reform. What should investors keep an eye out for after his defeat?

Although the referendum on Sunday was officially on Renzi’s plan for legislative overhaul, it was widely seen in Italy as a vote of confidence in the prime minister and his government. In voting “no” — projections suggest 59% of those in the ballot made that choice — the Italians have set the stage for an early election and perhaps given local populist parties the chance to deliver a Brexit- or Trump-style shake-up. Continue reading

Italy set for SHOWDOWN with Germany over Deutsche Bank’s rescue package

RELATIONS between Germany and Italy are set to hit breaking point, if Berlin’s steps in to rescue Deutsche Bank, after blocking Rome from doing the same earlier this year.

The leader has reportedly begged Germany to let him loan cash to Italy’s banks, as investors have increasingly lost confidence in the institutions, which are saddled with billions of pounds worth of bad loans.

In particular, Italy’s oldest bank Monte Dei Pasche has looked close to collapse several times this year, and Mr Renzi is still trying to secure a £4.2billion (€5bn) cash injection from investors for the lender. Continue reading

Italy’s PM Unloads On Deutsche Bank’s Unfixable Problem: “Hundreds And Hundreds Of Billions Of Derivatives”

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After a tumultuous week for Deutsche Bank which saw the DOJ demand a $14 billion settlement for the bank’s past RMBS transgressions, it was another bad day for the giant German lender, whose stock and contingent converts tumbled after the investing community realized that even a modest $5.5 billion final settlement would leave it perilously undercapitalized and likely scrambling to raise more cash.

As SocGen’s Andrew Lim calculated, Germany’s biggest bank would be “significantly undercapitalized” even if an eventual settlement with the DoJ can be covered by the bank’s reserves. Any settlement above €5.4 billion would imply a capital increase is needed just to pay the fine, he wrote. Continue reading

Confronting New Wars

BERLIN (Own report) – The German Bundeswehr’s new “White Paper” is conceived as just a milestone in the ongoing development of German global policy and its instruments, according to an article published by Germany’s leading foreign policy periodical. According to the article’s two authors, who had been in charge of elaborating the “White Paper” for the German Defense Ministry, the White Paper’s explicit claim to shape global policy and policy for outer space must be implemented and “brought to life” in the near future. While the German government is initiating new projects for upgrading military and “civil defense” measures, the EU is boosting its militarization: A growing number of government leaders of EU member states are supporting the creation of an EU army under openly proclaimed German leadership. According to a leading German daily, the balance sheet of recent German military involvements is “not exactly positive,” but this should not discourage future military interventions. One should, however, not expect too much and harbor “illusions about rapid successes.”

Continue reading

Heads of Germany, France, Italy to discuss ‘Relaunching Europe’ after Brexit vote

The leaders of Germany, France and Italy will meet on Monday to discuss how to keep the European project together in the second set of talks between the premiers of the euro zone’s three largest economies since Britain’s shock vote to leave the bloc. Continue reading

FINANCIAL WARNING: Italy will CRASH the eurozone if nation can’t take on more debt

It’s a backwards world when you have to have more of what caused the crisis in the first place to ‘fix’ the problem.

 

ITALY’s financial crisis could bring down the entire eurozone unless the nation’s crumbling economy is allowed to rack up more debt.

Near the small central Italian holiday island Ventotene, the French, Italian and German leaders this week discussing pressing issues on a boat.

But each nation is worried they could soon be forced out of power, amid growing pressure on the European Union which major concerns over migration and the economy. Continue reading

Why Hasn’t ISIS Blown Up Rome?

At lunch the other day, a smart man asked me how come there hadn’t been terrorism in Italy, even though Islamic State keeps promising to attack the Vatican.

You’ve undoubtedly been asking yourself the same question, so I’m going to give you the answers.  Answers, plural, because hardly anything happens for a simple reason, especially in a country as tricky and complicated as Italy. So there are several reasons. Continue reading

End of the EU? Italian referendum triggers SHOCK ALARMS across the USA and Europe

THE European Union is facing a crunch referendum in Italy which experts have warned could “shock” the troubled bloc to its core.

The Wall Street Journal has said that the outcome of the October referendum on constitutional reforms is “more important than Brexit”, with the future of pro-Brussels PM Matteo Renzi riding on the result.

Other international news organisation have suggested that Italy could become the weak link of European growth and the possible centre of a new political shock ready to weaken the EU. Continue reading