Mish/ Mike Shedlock – No One Happy Except Stock Market; Discord Emerges In Spain, Italy, Germany To ECB Announcement – 9 September 2012

Discord Emerges

It’s not just Germany expressing reservations about the ECB’s plan to “Save the Euro”. Spain, Italy, and Germany all have concerns about the plan launched last week by ECB president Mario Draghi.

Mish /Mike Shedlock – Italy’s Prime Minister Blames Finland and Netherlands For Spike In Yields – 9 July 2012

Like a drunk blaming a pebble in the road for causing his fall, Italy’s Prime Minister Blames Finland and Netherlands for Spike in Yields.

Italian Prime Minister Mario Monti denounced unnamed “northern” EU states on Sunday for taking positions that contributed to spikes in borrowing costs for Italy and Spain.

Mish/ Mike Shedlock – Italy “Gasping Like Beached Whale”; Berlusconi Reiterates Euro Exit “Not Blasphemy”; Beppe Grillo Discusses “Taboo Of The Euro” – 23 June 2012

On June 1, former Italian Prime Minister Silvio Berlusconi said “Italy should dump the euro unless the European Central Bank agreed to inject more cash into the economy”. One day later Berlusconi said the idea Italy should dump euro was a “joke”.

It was not a joke, except perhaps as quoted. On June 20, Berlusconi says Italy euro exit “not blasphemy”

John Ward – Euroblown : Now It Really Is, As Spain & Italy to get… – 20 June 2012

$750 BILLION

That’s $1500 for every EU citizen…to bail out two countries

Worse still, two-thirds of it doesn’t exist

Every penny of it represents completely wasted money. Why?

Because it is a muddle-through hybrid like everything Sprout & Kraut Inc do: it won’t stop the financial forest fire engulfing Europe, and it isn’t a bailout: it’s simply designed to buy up the bond debt for which Spain and Italy are liable.

Lucas – Bank Runs And Money Flowing Out – 15 June 2012

Here are a couple of videos on the bank runs, the  money flowing out of countries and even banks closing accounts for periods, do not forget the ATM redrawal amount restrictions put in place in Spain for instance all this is subject to the austerity and debt-crisis madness.

Aljazeera : Greeks pull money from banks ahead of polls

Uploaded on 14 June 2012 by AlJazeeraEnglish

Mish/ Mike Shedlock – Fitch Managing Director Says Spain Will Miss Budget-Deficit Target By “Substantial Margin”; Yields In Spain And Italy Soar; Spanish 10-Year Yield Hits Record High 6.83% – 12 June 2012

The selloff on Spanish and Italian bonds continued today with yields in Spain hitting euro-era record highs.

On the deficit side of matters, I do not believe Spain will meet its budget-deficit targets, and neither does Fitch.

Breaking – Italy,First Bank Going Bye Bye? All Accounts Blocked! – 9 June 2012

The first to fall: BNI blocks bancomat, online, and any way of getting to one’s account.

 

On the banks homepage there’s written (http://www.bancanetwork.it/) “An efficent bank, always at your side”.

Thus, from this morning all clients are alone, with no possibility to get to their accounts.

Mish/ Mike Shedlock – Italy Deploys 20.000 Law Enforcement Officers To Protect Individuals And Sensitive Sites; Anecdotes From Italy Via Canada: Taxed Out Of House And Home – 19 May 2012

Italy Deploys 20,000 Law Enforcement Officers to Protect Individuals and Sensitive Sites

The Atlanta Journal Constitution reports Italy deploys 20,000 to protect sensitive targets

Italy increased security Thursday at 14,000 sites, and assigned bodyguards to protect 550 individuals after a nuclear energy company official was shot and letter bombs directed to the tax collection agency.

Stephen Cook – Spanish Withdraw 1 Billion Euros! French Government Slashes Pay By 30% – 17 May 2012

Stephen: It’s all happening in Europe today. I mean, we have long been told things would happen in the blink of a eye…

Following the Greeks withdrawing over 800 million Euro from their banks yesterday, the Spanish have grabbed their withdrawal slips, headed for their banks and started removing their money, too. Over 1 Billion Euro out already today.

The Daily Bell – Italian Voters Reject Austerity, Too – 10 May 2012

Italians reject Monti’s austerity in local vote … A maverick comic who wants Italy to quit the euro made big gains in local elections on Monday while former Prime Minister Silvio Berlusconi‘s party lost heavily as voters joined a wave of anti-austerity anger across Europe and punished incumbent parties. The results, following the victory of French Socialist Francois Hollande and major losses for traditional big parties in Greece on Sunday, will add to pressure for European leaders to ease measures adopted to counter the financial crisis. Prime Minister Mario Monti was not in the race but for the two main parties that support his technocrat government in parliament, the centre-right People of Freedom (PDL) and the centre-left Democratic Party (PD), the vote was the biggest barometer of support ahead of national elections next year. The 5 Star Movement led by Beppe Grillo, a shaggy-haired comedian whose caustic invective against the established parties has gained increasing resonance in the wake of a spate of corruption scandals, made some spectacular advances. – Reuters

(Read the whole story at http://www.thedailybell.com link to original article)