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08-20-2019, 11:10 PM
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#1
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Italy’s Government Collapses
ROME — After 14 months of bickering, Italy’s government collapsed on Tuesday, plunging a key European nation already hobbled by financial fragility and political chaos into a renewed period of crisis and uncertainty.
During the government’s short tenure, the nationalist-populist coalition struck fear into the heart of the European establishment. It antagonized the European Union, flouted its budgetary laws, demonized migrants and embraced President Vladimir V. Putin’s Russia and his strongman politics.
But any relief could be short-lived among critics who have accused the government of isolating and weakening Italy as it drastically reoriented the country’s place in Europe.
In an extraordinary session of Parliament Tuesday that interrupted the usually sacrosanct Italian summer recess, Prime Minister Giuseppe Conte accused Mr. Salvini, seated beside him with chin raised, of ‘‘political opportunism’’ for pulling his support from the government in hopes of taking power for himself.
The betrayal had thrust the country into a “vortex of political uncertainty and financial instability,” Mr. Conte said. Rather than bothering with a confidence vote that Mr. Salvini had pushed on him, the prime minister said he would tender his resignation to Italy’s president, Sergio Mattarella, collapsing the government and leaving Mr. Salvini with no immediate path to power.
Read complete story:
https://www.msn.com/en-us/news/world...cid=spartanntp
Last edited by ReplayRandall; 08-20-2019 at 11:11 PM.
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08-21-2019, 07:37 AM
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#2
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by ReplayRandall
ROME — After 14 months of bickering, Italy’s government collapsed on Tuesday, plunging a key European nation already hobbled by financial fragility and political chaos into a renewed period of crisis and uncertainty.
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Shocked... shocked... I say! 
If I had a nickle for every time a alt-right prognosticator turned out wrong...
Quote:
Originally Posted by JustRalph
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Quote:
Originally Posted by elysiantraveller
Italy is a political cesspool.
Always has been. At least the Fascist party supports this coalition. 
Honestly it doesn't matter who they elect. This was a hodgepodge formation that if it lasts a year will be a miracle.
Place is almost as backward as Russia. Hell, Berlusconi is still head of Forza Italia... |
Last edited by elysiantraveller; 08-21-2019 at 07:39 AM.
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08-21-2019, 08:47 AM
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#3
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Registered User
Join Date: Nov 2009
Location: donkeys ride from ASD
Posts: 13,002
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Someone needing a pat on the back? 
__________________
'complicated business folks, complicated business.'
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08-21-2019, 09:15 AM
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#4
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by woodtoo
Someone needing a pat on the back? |
The ignorance isn't a bug it's a feature.
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08-21-2019, 10:08 AM
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#5
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,916
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Italy may have saved itself
What a drama queen - such a pathetic LOSER he has to sit on the sidelines, like a spider, waiting for crumbs to fall so he can pounce and declare himself a genius.
What a sad, shallow little man he has devolved into. 
When you got nothing, you have find something to "win."
__________________
Who does the Racing Form Detective like in this one?
Last edited by Tom; 08-21-2019 at 10:13 AM.
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08-21-2019, 10:09 AM
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#6
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,916
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Quote:
Originally Posted by woodtoo
Someone needing a pat on the back? |
Backside, yes, pat, no.......
__________________
Who does the Racing Form Detective like in this one?
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08-21-2019, 10:20 AM
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#7
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Registered User
Join Date: Sep 2007
Posts: 4,149
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Quote:
Originally Posted by woodtoo
Someone needing a pat on the back? |
LOL
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08-21-2019, 10:47 AM
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#8
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Debt to GDP by country:
Italy 131%
Germany 61%
US 106%
UK 87%
Italy can't print money unilaterally. That's a problem. They could withdrawal from the EU, re-introduce the Lira and start over. That process would be ugly, if history is any guide.
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08-21-2019, 10:57 AM
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#9
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Registered User
Join Date: Sep 2007
Posts: 4,149
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Quote:
Originally Posted by Saratoga_Mike
Debt to GDP by country:
Italy 131%
Germany 61%
US 106%
UK 87%
Italy can't print money unilaterally. That's a problem. They could withdrawal from the EU, re-introduce the Lira and start over. That process would be ugly, if history is any guide.
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131%? Thats a lot of pasta fagioli. They have had ubstable governments throughout modern history, Heck since Diocletian.
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08-21-2019, 10:59 AM
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#10
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,916
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Quote:
Originally Posted by RunForTheRoses
131%? Thats a lot of pasta fagioli. They have had ubstable governments throughout modern history, Heck since Diocletian.
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Et tu, Brute?
__________________
Who does the Racing Form Detective like in this one?
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08-21-2019, 11:06 AM
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#11
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by RunForTheRoses
131%? Thats a lot of pasta fagioli. They have had ubstable governments throughout modern history, Heck since Diocletian.
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Buy Italian bonds, if you feel so good about their situation. You may be proven correct.
To me, their productivity makes them uncompetitive, and their demographic trends are not healthy. GDP growth is a function of productivity and population growth (labor force growth), as you probably know, so it's hard to envision a bright outlook for Italy, imo.
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08-21-2019, 11:41 AM
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#12
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,698
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Maybe Trump can make an offer on Italy next.
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08-21-2019, 11:44 AM
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#13
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,916
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__________________
Who does the Racing Form Detective like in this one?
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08-21-2019, 12:15 PM
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#14
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,836
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I was hoping they would battle through..........
Nope.......laying down their toys and walking away.
They will be over-run. Just like Germany and the others
__________________
WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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08-21-2019, 11:09 PM
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#15
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,118
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Quote:
Originally Posted by ReplayRandall
ROME — After 14 months of bickering, Italy’s government collapsed on Tuesday, plunging a key European nation already hobbled by financial fragility and political chaos into a renewed period of crisis and uncertainty.
During the government’s short tenure, the nationalist-populist coalition struck fear into the heart of the European establishment. It antagonized the European Union, flouted its budgetary laws, demonized migrants and embraced President Vladimir V. Putin’s Russia and his strongman politics.
But any relief could be short-lived among critics who have accused the government of isolating and weakening Italy as it drastically reoriented the country’s place in Europe.
In an extraordinary session of Parliament Tuesday that interrupted the usually sacrosanct Italian summer recess, Prime Minister Giuseppe Conte accused Mr. Salvini, seated beside him with chin raised, of ‘‘political opportunism’’ for pulling his support from the government in hopes of taking power for himself.
The betrayal had thrust the country into a “vortex of political uncertainty and financial instability,” Mr. Conte said. Rather than bothering with a confidence vote that Mr. Salvini had pushed on him, the prime minister said he would tender his resignation to Italy’s president, Sergio Mattarella, collapsing the government and leaving Mr. Salvini with no immediate path to power.
Read complete story:
https://www.msn.com/en-us/news/world...cid=spartanntp |
Sounds a lot like America under Trump. How long before we suffer a similar fate?
__________________
"When you come at the King, You'd best not miss." Omar Little
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