Mercantilism is the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism, according to the Oxford Dictionary. We see nations like Germany rely on this model as they produce various products to export through trade. German manufacturing has provided the […]
Italian PM Giorgia Meloni announced that Italy will begin cracking down on illegal immigration in the wake of the Lampedusa invasion. The small fishing island of Lampedusa in Sicily has seen its population double this month after countless African migrants arrived on shore. Meloni promised a tough stance on migration during her campaign yet illegal […]
Sicilians have been pressuring the Italian government for years to send assistance to deal with the migrant crisis. People hoped that PM Giorgia Meloni would be tough on migrants, but there has been a sharp uptick in unaccompanied adult male migrants from Africa arriving in Sicily via boat. As of this week, the small town […]
Italy declared a national day of mourning this Wednesday to honor former Prime Minister Silvio Berlusconi, who passed at the age of 86 on Monday. Despite his controversial life, world leaders have offered messages of condolences to his family and the Italian people. Few of those offering condolences were true friends. The European Union even […]
Italian Prime Minister Georgia Meloni tuned out Canadian Prime Minister Justin Trudeau as he attempted to explain to her “democracy.” Is democracy when you jail peaceful protesters and lock them and their associates out of their bank accounts? Is democracy when you force all citizens to stay inside and force them to receive a vaccine […]
(image above represents shrinkflation — an additional burden to consumers) Italy’s Industry Minister Adolfo Urso called for an emergency meeting to discuss the sharp uptick in food prices. Pasta alone is up nearly 20%, and this is a major problem in a country where 60% of residents report eating this item daily. Some provinces are […]
“I’m not Meloni’s twin sister, I remain faithful to Salvini,” French politician Marine Le Pen said in regard to the Italian PM. Le Pen condemned Italy’s Meloni for supporting NATO and the EU, and while she condemns Russia’s actions in Ukraine, she does not believe that the proxy war should continue. Le Pen said that […]
Italy is again helping a troubled bank. The government approved an emergency ordinance to support the Volksbank Popolare di Bari on Sunday and provided grants of up to 900 million euros. Volksbank Popolare di Bari was founded in 1960 as a cooperative bank. However, funds from the Ministry of Finance will not go directly to […]
QUESTION: Dear Mr Armstrong, When will the Euro begin the final drop against the USD? My second question is property in Italy seems to be rising. Is this what you referred to a currency inflation? CDP ANSWER: The decline in the euro since 2008 has been steady, but gradual to some extent. The EU government […]
The tensions in Europe continue to rise as the entire refugee issue has led to a major polarization within Europe. In Italy, the BBC reported that an anti-terrorism police unit in northern Italy seized an air-to-air missile and other sophisticated weapons during raids on far-right extremist groups who were combat ready. The missiles belong to […]
