Quitaly - the Italians are next

[K12beano]

Normally you think of "history" being something a long time ago - or things (usually not good) that happen with a bit of a bang.

This seems a bit like tectonic plates shifting. Think we live "in interesting times" to quote the cliché ...

[davepoth]

Northern Munkee said:

Just wondering if this will cause the £ to rally against the €. Back to pre referendum level.

Do I have any Euroland purchases I could make in the next week or so? ill wind and all that.

Edited by Northern Munkee on Sunday 4th December 22:18

This has the possibility of toppling some big Italian banks. We're about to see how good the EU's financial security system is.

[don'tbesilly]

Northern Munkee said:

Just wondering if this will cause the £ to rally against the €. Back to pre referendum level.

Do I have any Euroland purchases I could make in the next week or so? ill wind and all that.

Edited by Northern Munkee on Sunday 4th December 22:18

€1.20, it was €1.23 in May

[Northern Munkee]

don'tbesilly said:

Northern Munkee said:

Just wondering if this will cause the £ to rally against the €. Back to pre referendum level.

Do I have any Euroland purchases I could make in the next week or so? ill wind and all that.

Edited by Northern Munkee on Sunday 4th December 22:18

€1.20, it was €1.23 in May

What! But it fell off a cliff!

[B'stard Child]

K12beano said:

Normally you think of "history" being something a long time ago - or things (usually not good) that happen with a bit of a bang.

This seems a bit like tectonic plates shifting. Think we live "in interesting times" to quote the cliché ...

I beginning to think I'll continue to watch from the sidelines

[don'tbesilly]

Northern Munkee said:

don'tbesilly said:

Northern Munkee said:

Just wondering if this will cause the £ to rally against the €. Back to pre referendum level.

Do I have any Euroland purchases I could make in the next week or so? ill wind and all that.

Edited by Northern Munkee on Sunday 4th December 22:18

€1.20, it was €1.23 in May

What! But it fell off a cliff!

It did on the 23rd June.

[Mousem40]

GBPEUR dropped from around 1.31 to 1.16 in the days after Brexit to a low of around 1.11 mid Oct/Early Nov. since then it has been creeping up following good UK data and likelihood of a rate rise, as well as Italy referendum risk. Tonight it has gone up 0.45% to 1.1990 and will soon trade to 1.20. EURUSD has dropped over 1.15% tonight on the news.

[don'tbesilly]

Italian referendum: PM Matteo Renzi suffers heavy defeat, exit polls suggest

http://www.bbc.co.uk/news/world-europe-38204189

[FN2TypeR]

Exit polls looking worse than feared for Renzi and co apparently - closer to 60/40 in favour of no.

[johnxjsc1985]

lets see how Juncker and his buddies spins this one and if Politicians keep asking Turkeys to Vote for Christmas then they are more stupid than I thought. I blame Nigel he started all this.

[hornetrider]

Well well well. Renzi statement imminent.

Popcorn anyone?

[don'tbesilly]

hornetrider said:

Well well well. Renzi statement imminent.

Popcorn anyone?

20 min delay apparently

[B'stard Child]

hornetrider said:

Well well well. Renzi statement imminent.

Popcorn anyone?

Please - I'm all out

Also run out of mind & eye bleach - got any of that spare?

[hornetrider]

Maybe he won't resign.

[mikebradford]

Let's see Shultz Twitter message after this result. His pro Europe tweet after the Austria result nearly made me puke. With his condemnation of nationalism

[JawKnee]

Paddy_N_Murphy said:

I said some time ago a la Brexit.


You're not panicking if you're the first out of the door.

The wheels on the bus, if not fallen off have have some major bearing grouch noises emanating..... The EU mandarins are back in to a corner now. Declared an iron fist to Brexit. Can't soften up. Countries are going to peel away and the strength in numbers, is no longer a strength..

This is not a referendum about EU membership. It is about political reform which has transformed into a vote of confidence in the PM.

[mikebradford]

JawKnee said:

This is not a referendum about EU membership. It is about political reform which has transformed into a vote of confidence in the PM.

that maybe so. But it's also a step in the direct if Italy either leaving the EU. Or causing so much instability that it puts another nail in the EU coffin.
You would have to be naive to think this is not an indication of the EU fundamental issues unravelling

[craig7l]

JawKnee said:

This is not a referendum about EU membership. It is about political reform which has transformed into a vote of confidence in the PM.

Funny you say that..I'm following a Facebook thread that has hundreds of comments. Predominately the people saying it's not a European thing are the non Italians and the people saying it is about Europe are the Italians.
Aparantly in the details of the reforms are 12 new EU bindings that have well and truly been set on fire

[hornetrider]

don'tbesilly said:

20 min delay apparently

On now. Watching on BBC. In a stroke of genius, they don't have an Italian translator on hand. So it's in Italian.

Really, BBC?

[don'tbesilly]

Renzi Concedes Referendum Defeat, Saying People Have Spoken.