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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

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

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

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

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

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

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

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

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

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

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

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

Japan"s Lasting Stagnation Is Hidden Behind Government Statistics

Authored by Taiki Murai and Gunther Schnabl via The Mises Institute, The European Central Bank's recent move away from the exit from ultra-loose monetary policy has revived the debate on Europe’s potential "Japanification." .....»»

Category: blogSource: zerohedgeJun 29th, 2019

India’s Central Bank Autonomy Takes Another Hit

The wrath of markets awaits governments that don’t respect the institution’s independence, outgoing Deputy Governor Viral Acharya warned in October......»»

Category: topSource: washpostJun 25th, 2019

Research Affiliates Commentary: Dismiss MMT at Your Peril

Modern Monetary Theory argues that governments with fiat currencies should coordinate Treasury and central bank actions to fund government programs by directly printing moneyRelated Stocks: SPY, DJI, QQQ,.....»»

Category: smallbizSource: nytJun 19th, 2019

Draghi"s "whatever it takes" a tough act to follow

Mario Draghi is credited with saving the euro through decisive action as president of the European Central Bank......»»

Category: topSource: foxnewsJun 19th, 2019

Capitol Report: Why long periods of the U.S. going without recession may be bad for the economy

Thanks to aggressive government and central bank action, the 10-year-old U.S. economic expansion will set a record next month by becoming the longest ever. But the cost of such policies, including high debt, may not make them worth it......»»

Category: topSource: marketwatchJun 17th, 2019

Euro gains in global use, but US dollar still the boss

The European Central Bank says the euro has gained ground on the dollar as a global currency used for government reserves, rebounding from historic lows as U.S. sanctions deter some country's use of the U.S. currency......»»

Category: topSource: foxnewsJun 13th, 2019

Currencies: Turkey’s lira under pressure as central bank stages fresh defense of currency

The Turkish lira on Tuesday was retreating against the U.S. dollar as the government told local banks to slow process currency purchases, a fresh attempt to tamp down speculative bets on lira, according to reports......»»

Category: topSource: marketwatchMay 21st, 2019

Italy Is the Canary in Europe’s Coalmine

Rome’s problems are self-inflicted but Europe’s central bank should still offer a hand. Not to do so might mean turning a slowdown into something worse. .....»»

Category: topSource: washpostMay 17th, 2019

Stocks, Italian Bonds Slide As Salvini Says Italy "Willing To Break EU Budget Rules"

Brussels won't like this. Matteo Salvini, a deputy prime minister, leader of Italy's populist League Party, and perhaps the most powerful figure in the Italian government, sent the euro reeling and Italian b.....»»

Category: blogSource: zerohedgeMay 14th, 2019