All posts in " Italy "

Hunting Tourists in Europe for Fines

May 6, 2017

COMMENT: Hi Marty, The hunt for taxes is really getting out of control. I enjoyed a week of vacation in Italy and on my way back home I had a few hours to kill in Milan. So i decided to spend some time in the City center of Milan before leaving from Linate airport. I […]

Italy to Raise Taxes to Satisfy Brussels – Why the Euro Will Fail

April 27, 2017

  The European Union (EU) has been pushing Italy for a very long time to reduce its deficit. Of course, governments are never capable of reducing their own expenditure. This results going in only one direction – raising taxes. Prime Minister Paolo Gentiloni had to agree on the concrete measures. The bill is now being discussed […]

Draghi Admits EU May Breakup For First Time

January 25, 2017

For the first time, the head of the European Central Bank, Mario Draghi, has conceded the possibility that the EU may fall apart. Draghi came out and said that any member leaving the Eurozone would need to settle its claims or debts with the bloc’s payments system before severing ties. This statement reveals the heated […]

2017 is Looking More Optimistic Than Ever

January 2, 2017

The only thing about international trade is that someone cannot have a trade surplus without another experiencing a trade deficit. We all cannot have trade surpluses simultaneously and we have to begin understanding this reality. The net capital movements around the world are showing clear signs that things will be intensifying and the net capital […]

Italy Threatens to Veto EU Budget – No More Refugees

October 27, 2016

The Italian Prime Minister is calling for immediate help with the refugees. The EU refugee crisis is becoming a huge nightmare and Brussels refuses to simply admit it has made a bad decision. Italy is overwhelmed by the influx of refugees and is now calling for a fresh review. Italy cannot cope with a similar number of […]

Why Are Italian Banks Breaking Europe?

July 20, 2016

QUESTION: Mr. Armstrong, why are Italian banks in worse shape than most other countries. What happened to the bail-in program of the ECB? Can you explain why Italy is threatening the entire banking system of Europe? ANSWER: The bail-in policy of the IMF and ECB was directed at the idea that the rich would pay, […]

European Economic & Refugee Crisis

July 19, 2016

Angela Merkel has finally admitted that she essentially invited terrorists into Germany, and thus to Europe, in the obvious wake of the Nice attack. Besides security, this will have a major impact upon the economy of Europe as tourists are frightened away. Even prior to the Nice attack, the US State Department put out a travel alert for Americans […]

Banking Panic in Italy

July 11, 2016

We have reports from readers in Italy that ATM machines are being emptied. A run on banks is beginning in Italy.

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