Tag Archives: Italy

Massive Roman rallies against austerity turn violent

Posted on October 20, 2013 by DRenegade

From YouTube: Violence broke out between police and demonstrators in Rome on Saturday as tens of thousands took to the streets to protest Italy’s new budget. Fifteen protesters were arrested and at least 20 police officers were injured, according to … Continue reading →

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“It’s A Massacre” – Each Day 134 Retail Outlets Close In Italy

Posted on June 19, 2013 by DRenegade

If anyone is still not convinced that surging stock bourses in Europe are indicative of anything more than central bank liquidity, carry trade allocation and localized asset bubbles, we present a snapshot of what is actually happening on the ground … Continue reading →

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Two police officers shot near Italian prime minister’s office as new government is sworn in

Posted on April 28, 2013 by DRenegade

Two Italian paramilitary police officers were shot and wounded near the Italian prime minister’s office today as the new government was sworn in around half a mile away at the president’s palace. An AP television producer saw two injured officers, … Continue reading →

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This is why you don’t want to move gold yourself…

Posted on April 10, 2013 by DRenegade

A few days ago, Italian authorities stopped a man who was making his way across the border into Switzerland with his wife and three children. They searched his car and found, literally, a ton of gold bars hidden in a … Continue reading →

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One Ton of Gold Seized in Small Car: On the Scene

Posted on April 4, 2013 by DRenegade

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Italy Goes “Cyprus” On Sicilian Mafia, Seizes Record $1.7 Billion In Cash And Assets

Posted on April 3, 2013 by DRenegade

Think only Cyprus is where the government goes after “evil”, tax-evading oligarchs? Think again. Overnight news broke that the Italian police have seized a record $1.7 billion in cash and property from a single person, a Sicilian “alternative energy” entrepreneur … Continue reading →

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Italy’s Property Confiscation Is Next

Posted on March 17, 2013 by DRenegade

So now we are seeing what “fair share” really means: confiscation.  Eat the “rich” to feed the poor has been a refrain since the 1960’s. Except now the banks are the ones being fed. Merkel is pulling the strings but … Continue reading →

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Italian election rattles world markets

Posted on February 26, 2013 by DRenegade

World markets retreated Tuesday as a big vote for anti-austerity parties in Italy’s elections left the eurozone’s third biggest economy in political deadlock, sparking fears of a revival of the region’s debt crisis. European stock markets were sharply lower, led by … Continue reading →

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Italy’s Top Bank Lobbyist Resigns After Derivatives Disclosures

Posted on January 22, 2013 by DRenegade

Former Banca Monte dei Paschi di Siena SpA Chairman Giuseppe Mussari quit as Italy’s top banking lobbyist as scrutiny of the lender’s use of derivatives deepens. The resignation is effective immediately, he said in a letter posted to the Italian Banking Association today. He leaves … Continue reading →

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Ugly scenes in Italy during, “No Monti Day”

Posted on October 27, 2012 by DRenegade

From YouTube: On the streets of Riva del Garda in northern Italy police and protesters have clashed. The violence erupted during a nationwide demonstration against Prime Minister Mario Monti and his government’s anti-austerity measures. The PM was addressing a meeting … Continue reading →

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Why Is Your Money in the Bank?

Posted on August 23, 2012 by DRenegade

Reporting From: San Marino  On the way from San Marino yesterday, I had to stop for some gas near Rimini, a beautiful beach town on Italy’s Adriatic coast. As an aside, Italian gas prices are among the highest in Europe… … Continue reading →

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Moody’s Downgrades Italy’s To Baa2 From A3, Negative Outlook

Posted on July 12, 2012 by DRenegade

Just like Spain before everyone took the country to a Sub-A rating, Fitch is once again the decider. S&P has Italy at BBB+, and Now Moody’s just took italy under A to Baa2; only Fitch is still at A-, outlook … Continue reading →

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Monday Morning Roundup: Egypt, Greece, France, Spain and Italy

Posted on June 18, 2012 by DRenegade

A supporter of the Muslim Brotherhood’s presidential candidate Mohamed Morsy kisses a picture of him during a celebration at Tahrir square in Cairo June 18, 2012. The Muslim Brotherhood’s Mohamed Morsy said on Monday after his group declared him winner … Continue reading →

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The Genius of Mutual Indebtedness – Nigel Farage

Posted on June 13, 2012 by DRenegade

Transcript: “Another one bites the dust. Country number four, Spain, gets bailed out and we all of course know that it won’t be the last. Though I wondered over the weekend whether perhaps I was missing something, because when the … Continue reading →

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When Will Greece Leave the Eurozone?

Posted on March 24, 2012 by DRenegade

Will Greece become the first country to abandon the Eurozone and return to the drachma? My money is on Spain or Italy. Greece’s debt is too small to be of concern compared to the giant collapses about to happen in … Continue reading →

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