The Ventotene summit among Prime Minister Renzi, Chancellor Merkel and President Hollande took place recently. Crucial issues were on the agenda: the geo-political conflicts at the borders of the European Union; internal security; migratory flows; economic growth. A strong wind of rhetoric about relaunching the ideals of the founding fathers of a united Europe
Italian Prime Minister Matteo Renzi was the only western leader attending the St. Petersburg International Economic Forum. Some events are not accidental, especially if they are followed by far-reaching consequences.
By Will Martin Europe is heading towards a "cataclysmic event" that could lead to the collapse of the euro and the end of the European project...
A spectre is haunting Europe – the spectre of banking collapses in Italy, which could lead to renewed crisis in the eurozone, and a wider banking crisis affecting other countries with high exposure to Italian bank debt. Italy’s banks are in deep trouble, weighed down by €360bn of bad debt (“non-performing loans” in the jargon), equivalent to a fifth of Italy’s GDP (and about 18% of all the banks’ loans).
In Italy the banking crisis has been written on the wall for some time, the product of the concurrent circumstances of a weak economy (with attendant increase in the banks' NPL [non performing loans]), the imposition by the ECB of ever tighter capital requirements along with near-zero interest rates and untimely adoption of bail-in provisions.
From 2015 until now more than 1,300,000 immigrants have tried entering into Europe. Most of them get to Europe from Turkey to the Greek...