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Italy's president scotches populist governing alliance - Politico
Italy's messy post-election drama on Sunday night took another stunning turn.

The country's president rejected a proposed populist 5Star-League alliance that included a Euroskeptic as economy minister and looked poised to appoint a "technocratic" government as early as Monday.

The collapse of the proposed coalition leaves Italy on an uncertain path in the days ahead, veering between the possibility of early elections or a technocratic government of longer duration. It also threatens a constitutional crisis, as the leaders of the 5Stars Movement and the League condemned the president and one even called for his impeachment.

Oh, and the most important: And it's sure to further rattle already nervous international financial markets.

by Bernard (bernard) on Mon May 28th, 2018 at 07:46:23 PM EST
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In the postmodern reenactment of the 1930s: Germany plays France, the fiscal compact plays Versailles, Italy plays Weimar, and Mattarella pays Hindenburg.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Tue May 29th, 2018 at 02:01:50 PM EST
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 How can the EU survive Italy's default?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Tue May 29th, 2018 at 08:34:53 PM EST
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sue more software developers, collect


Diversity is the key to economic and political evolution.
by Cat on Tue May 29th, 2018 at 08:56:40 PM EST
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  • Have the ECB guarantee everything.

  • Have a few hundred thousand poor people ritually starve to appease the markets™.

  • Reintroduce slavery because markets™.

  • Continue as before.
  • Don't listen to people who tell you steps two and three are optional.

    by generic on Wed May 30th, 2018 at 07:55:53 AM EST
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    by generic on Wed May 30th, 2018 at 08:24:31 AM EST
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    What happens if it reaches Libya?
    by gk (gk (gk quattro due due sette @gmail.com)) on Wed May 30th, 2018 at 08:32:00 AM EST
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