GBP News 

JPMorgan CEO Dimon issues stark warning about ‘catastrophic’ events if Italy leaves the euro

“Because of the way it has been designed, the European Monetary Union would be hard to reverse without causing catastrophic events,” Dimon told the paper” writes Will Martin for businessinsider.com. Official policy is that the government backs remaining in the European Union, but Matteo Salvini, the Lega Nord’s leader, is an avowed eurosceptic, and is believed to privately back an exit.JPMorgan boss Jamie Dimon has warned Italy’s populist government of the likely “catastrophic” consequences that would come from attempts to pull the country out of the eurozone. Source: businessinsider.com Share This:

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Italy says it won’t buy more F-35 fighter jets, and may even cut its current order

“ROME (Reuters) – Italy will not buy more Lockheed Martin Corp F-35 fighter jets and is considering whether to stick to the order to which it is already committed, Defence Minister Elisabetta Trenta said on Friday” reports businessinsider.com. Some 5-Star officials said last year that Italy should cancel the order for the fighters altogether, but Trenta made clear she had reservations about this. Source: businessinsider.com Share This:

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Leaders of Germany, Hungary exchange barbs on migration

“The interior ministers of Austria, Germany and Italy will talk in Innsbruck next week about the issue, Kurz said” writes The Associated Press for seattletimes.com. Speaking after talks with Austrian Chancellor Sebastian Kurz in Vienna, Seehofer said he expects “very difficult talks” with Italy and Greece on the issue. Source: seattletimes.com Share This:

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In boardrooms, there’s a real fear that Italy could leave the euro zone

“Italy’s battle with Brussels has triggered fears among executives that continental Europe’s third biggest economy will soon vote to leave the euro zone” writes unknown author for cnbc.com. It has criticized European Union (EU) guidelines on immigration, public spending, trade deals, agriculture and sanctions against Russia. The far-reaching discontent has led to suggestions that Italy could exit from the euro zone. Source: cnbc.com Share This:

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An Italian politician who spent 27 years in total anonymity to hide from the mafia has revealed her face for the first time

“She then became a police informant on her husband’s mafia clan, which ultimately led to dozens of arrests in the 1990s” writes Alexandra Ma for businessinsider.com. San Paolo Store/YouTube An Italian politician who ran for office anonymously while hiding from the mafia has showed her face for the first time.While the Italian government has cracked down on the country’s mafia, organised crime remains a major threat to the country. Source: businessinsider.com Share This:

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Italy could try to block the EU-Canada trade deal to protect its famous foods

“Italy saying it will not ratify the deal represents another stumbling block for fragile relations between Europe and the new euroskeptic and renegade government in Italy” writes unknown author for cnbc.com. Italy’s agriculture minister suggested the country will not ratify a free trade agreement between the EU and Canada, saying that it doesn’t do enough to protect the nation’s specialty products.The Comprehensive Economic and Trade Agreement (CETA) is a major trade deal for the EU and Canada and the national governments (and some regions) of all 28 EU member states…

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Should U.S. tremble before Europe? No, just look at Italy

“But if those precipitated a crisis that ended the euro, all this insanity could be followed by something more reasonable” writes Peter Morici for marketwatch.com. These include large German budget deficits, larger EU budgets substantially financed by Germany, and significant reduction in Germany’s trade surpluses—enabled by more imports from poorer member states like Italy. Source: marketwatch.com Share This:

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