Friday, December 9, 2016

P5+1 - ITALY

Italy's Renzi has resigned. There have been multiple warnings from those who are watching Italy's economy that if Renzi's government was voted out of power, several banks would be in immediate jeopardy. December 6 it began. Italy announced its intention to nationalize Italy's third largest bank.

Italian Government Prepares To Nationalize Monte Paschi

Italy is not one of the P5+1. However, when the P5+1 sought to negotiate with Iran, it was Federica Mogherini of Italy who coordinated a team (primarily of women) to sit down at the table with Iran and get Barack Obama his legacy deal.

According to POLITICO (emphasis mine):

Federica Mogherini, the EU’s chief diplomat, was front-and-center as European and American political leaders congratulated each other over a historic nuclear agreement with Iran.

The Women Behind the Iran Nuclear Deal (POLITICO)

The P5+1 entities have publicly explained that one of the key reasons for engaging with Iran is what they see as tremendous economic opportunities by engaging in Iran's economy and raw resources. Italy has been no different.

APRIL 15: Italy bolsters trade, economic partnership with Iran

Curiously, in October, President Obama chose to host for his final state dinner Italy's Renzi who has been praised for his strong engagement with Iran.

From CNS (emphasis mine):

Italy and the United States have a long and warm relationship, but for his final state dinner guest, President Obama chose a leader that has also gone further than any other in the West to embrace a regime in Iran that still views America as enemy number one.

Obama’s State Dinner Guest is Iran’s New Best Friend in Europe

Italy's economy has been in the news several times lately.

APRIL 15: IMF says Italy is the weakest link in the EU

AUG 1: Italian Banks Crash Despite 'All Clear' From EU Stress Tests

OCT 25: Monte Paschi Plunges As Much As 39% On Debt-For-Equity Fears After Surging In Past Week

OCT 25: Monte Paschi halted, limit down after falling 23% in Milan

OCT 26: Bank of England Asks UK Banks To Detail Their Exposure To Deutsche And Italian Banks

DEC 7: Italy Threatens ECB With Blackmail; Demands More Time For Monte Paschi Rescue

Just like the key P5+1 players, Italy has not only experienced economic and political turmoil since the signing of the Iran nuclear deal, but also similar problems with Muslim migrants bringing rape and sexual assaults, terror attacks and terror threats, crime and misbehavior as well as cultural impacts. These are the new links since I posted about a month ago.

Rape:

Woman 'gang-raped in refugee camp ordered to stay SILENT by no-borders activists' (Express UK)

Terror attacks and terror threats:

JULY 14: Jihadi Reactions To Nice Terror Attack: 'We Want Paris Before Rome'

OCT 23: Muslims Stage Massive Protest, Chanting ‘Allahu Akbar’ Outside Rome’s Coliseum

OCT 25: The Muslim prayer at Rome's Coliseum was a declaration of war

The migrant flow is not stopping.

Thousands More Migrants Arrive in Italy Over Weekend

Italy breaks immigration record for 2016

And the migrants are impacting Italy's already strained economy.

Italian taxpayers billed record 700 million euros for immigrant costs

Pope Francis has not only turned a blind eye to the crimes these Muslims are committing, he's openly inferring that any who complain are not really Christians.

Pope Francis Says ‘a Christian Lets Everybody Come’

Which leaves some begging this question:

Has the Pope abandoned Europe to Islam?

One might even wonder if the Pope has abandoned the babies.

Italian pro-abort senator: Pope is ‘going in the right direction,’ calls for persecution of pro-life doctors

Curiously, as the inflow of Muslim migrants has hit an all-time high, the birth of Italian babies is hitting an all-time low.

Italian birthrate continues to plummet

However, prostitution has not.

Italy Migrant Crisis: ‘Thousands of Nigerian Women’ Forced into Prostitution

Even nature seems to be in turmoil.

OCT 31: 6.6 magnitude earthquake, most powerful in three decades, rocks Italy's center

NOV 1: Italy’s earthquakes leave 15,000 homeless, ‘soul of the country’ damaged

NOV 5: New mud volcano forms in Italy after recent earthquakes

NOV 6: Emergency investigation as Italian mountain develops huge crack after massive earthquake

NOV 6: Volcano on Rome's doorstep is slowly awakening

NOV 6: Large and powerful tornado rips through Italy near Rome

Nature events always have an economic cost.

And this, also, will most likely have an impact of some kind (at least it's always used as a reason why gas prices need to go higher):


Massive Fire Engulfs One Of Italy's Largest Oil Refineries

FLASHBACK: Bull of Nimrod, Palmyra temple reborn in Rome after ISIS destruction, thanks to 3D printing