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

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

Opposition warns Italians of future costs from 2019 budget

Italy's opposition parties are warning Italians they'll pay eventually for the populist government's 2019 budget......»»

Category: topSource: foxnewsDec 30th, 2018

Italy"s contentious budget wins government"s confidence vote

The lower chamber of the Italian Parliament has approved a 2019 national budget that includes funding to realize campaign promises made by leaders of Italy's populist government......»»

Category: topSource: foxnewsDec 29th, 2018

New central bank chief takes office in Israel

The Bank of Israel's new governor says the country's financial stability should not be taken for granted in a period of "numerous changes in financial markets.".....»»

Category: topSource: foxnewsDec 24th, 2018

Italy"s upper house to vote on budget facing EU deadline

The Italian Senate is set to vote on a new budget that expands the social spending pledged by the populist government, amid opposition complaints that the process has been rushed to satisfy an EU deadline......»»

Category: topSource: foxnewsDec 22nd, 2018

Capitalism Makes Brazil an Attractive Investment Destination

Brazil’s central bank on Wednesday left its key interest rate at 6.5 percent, in its board’s last meeting before far-right president-elect Jair Bolsonaro takes office on January 1. The rate has.....»»

Category: topSource: livetradingnewsDec 13th, 2018

European court: ECB bond purchases in line with EU law

The European Union's top court has ruled that the European Central Bank's government bond-buying stimulus program is in line with EU law and doesn't exceed the bank's mandate......»»

Category: topSource: foxnewsDec 11th, 2018

India Stock Futures Tumble After Central Bank Head Unexpectedly Resigns In Government Spat


Category: blogSource: zerohedgeDec 10th, 2018