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Italy"s Populist Government Takes Aim at Central Bank

Italy’s populist government launched an unprecedented attack on the country’s central bank over the weekend, saying its top brass should be replaced because it had failed to supervise effectively the country’s troubled banking sector......»»

Category: europeSource: wsjFeb 12th, 2019

Salvini Proposes Seizing Control Of Italy"s Gold Reserves From Central Bank

Italy's populist de facto leader Matteo Salvini seems set on shaking Europe's financ.....»»

Category: blogSource: zerohedgeFeb 11th, 2019

Salvini Calls For Elimination Of Italy"s Central Bank, "Prison Time For Fraudsters"

On Friday, in a moment of predictive insight, Bank of America correctly warned that the greatest threat to EPS - i.e., markets - in the next 3 years "is an acceleration of global populism via taxation, regulation & government interven.....»»

Category: blogSource: zerohedgeFeb 10th, 2019

Pledges Made by Italy"s Populist Government Come Up Against Economic Reality

Italy’s government has offered to shore up an ailing bank with public money, in a sharp U-turn after attacking mainstream politicians for years for bailing out Italian banks with taxpayers’ money......»»

Category: topSource: wsjJan 9th, 2019

ECB officials saw little contagion from Italy"s debt woes

Top officials at the European Central Bank expressed concern at their last rate-setting meeting about higher government borrowing costs for Italy but saw little evidence that the debt troubles were spreading to other eurozone countries......»»

Category: topSource: foxnewsNov 22nd, 2018

ECB"s Draghi defends his independence amid attacks from Italy

Central banks must remain independent from governments if they are to control inflation, the head of the European Central Bank said on Friday, as he was being attacked by the Italian government over his remarks on the country's situation......»»

Category: topSource: reutersOct 26th, 2018

Italy government delays, amends reform of small lenders

Italy's government agreed on Tuesday to delay a reform of small banks, slowing an overhaul planned by the former center-left government and backed by the European Central Bank......»»

Category: topSource: reutersJul 24th, 2018

Global stocks higher as investor worries on Italy ease

Asian stock markets rose Thursday following a rally on Wall Street as remarks by a European Central Bank board member eased worries about the new Italian government's spending plans......»»

Category: topSource: foxnewsJun 7th, 2018

Populist Government Takes Power in Italy

Populist Government Takes Power in Italy “Populism is the new organizing principle.” The new government has pledged to pursue a host of populist policies, including reclaiming national sovereignty from the .....»»

Category: topSource: livetradingnewsJun 2nd, 2018

Bank of Italy chief says country risks losing ‘asset of trust’

Bank of Italy Governor Ignazio Visco says the country’s government must adhere to European Union treaties and not increase public debt — comments seen as a warning to populist parties as the country looks set for another election......»»

Category: topSource: marketwatchMay 29th, 2018

China Central Bank Takes Pre-Emptive Move Against Ebbing Growth

China’s central bank gave a green light to banks to dig into reserves to lend more, signaling government worries about slowing momentum for economic growth amid rising trade tensions with the U.S......»»

Category: topSource: wsjApr 17th, 2018

Italian Stocks Slide, Yields Climb As 2019 Deficit Target Spikes

Europe's Stoxx 600 turned negative on Tuesday after Bloomberg published a document showing the Italian government's projected budget deficit for 2019 is even larger than the Italian Treasury had suggested last week, putting Italy's populist.....»»

Category: blogSource: zerohedgeApr 9th, 2019

"It Belongs To The People, Not The Bankers" - Italy Moves To Seize Gold From Central Bank

Two weeks ago, somewhat out of the blue, ECB President Mario Draghi issued an odd statement confirming that the European Central Bank ne.....»»

Category: blogSource: zerohedgeApr 7th, 2019

European Central Bank ready to act if trouble hits economy

European Central Bank head Mario Draghi says the eurozone's top monetary authority is ready to take further action if the current uncertain economic outlook takes a sudden turn for the worse......»»

Category: topSource: foxnewsMar 27th, 2019

Banca d"Italia orders client stop at ING in fight against money laundering

The Italian central bank on Saturday said Dutch lender ING is not allowed to take on new customers in Italy as long as it has not improved its monitoring of client behavior......»»

Category: topSource: reutersMar 16th, 2019

German bonds lead European debt rally after ECB policy moves

European government bonds rallied after the European Central Bank pushed out the expected timing for a rate hike to 2020. The 10-year German government bond yield slipped 5.8 basis poi.....»»

Category: topSource: marketwatchMar 7th, 2019

Germany gives Jens Weidmann 2nd term as Bundesbank chief

The German government has given the green light for Jens Weidmann to head the country's central bank, the Bundesbank, for a second eight-year term......»»

Category: topSource: foxnewsFeb 27th, 2019

Hello Old Friend... Gold Nears $1,350 Resistance (That Has Repelled It 4 Times In 5 Years)

Authored by John Rubino via DollarCollapse.com, The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a.....»»

Category: blogSource: zerohedgeFeb 20th, 2019

Currencies: U.S. dollar continues to inch higher as the Aussie takes a dive on neutral central bank stance

The U.S. dollar continued its steady inching higher on Wednesday following President Donald Trump’ State of the Union address that left little to chew on for currency traders......»»

Category: topSource: marketwatchFeb 6th, 2019

How An Italian Debt Crisis Could Take Down The EU

Plagued by another run of bank bailouts and simmering tensions between the partners in its ruling coalition, Italy's brief reprieve following the detente between its populist rulers and angry bureaucrats in Brussels is .....»»

Category: blogSource: zerohedgeFeb 5th, 2019

Why China Just Injected $83 Billion into Its Economy

China's government is wrestling with reports of slowed growth. China’s central bank.....»»

Category: europeSource: fortuneJan 16th, 2019