Italy Just Handed the Global Economy Another Giant Variable.

[elleng]

'Global markets were not lacking in precarious unknowns. Italy just added another.

As voters on Sunday emphatically rejected constitutional changes aimed at streamlining government and making it easier to revive a moribund economy, they enhanced concerns that Italy’s banks could spiral into a disaster. They reinvigorated worries about the endurance of the euro currency and broader European economic integration. And they amplified the sense that Europe is a land of disappointing growth, political dysfunction and seething populism.

“Existential crisis” had not been on the ballot, but that was essentially the result. The lopsided tally against the reforms — nearly 60 percent rejected them — prompted the resignation of Italy’s prime minister, Matteo Renzi, leaving Europe’s fourth-largest economy without clear leadership.'>>>

http://www.nytimes.com/2016/12/05/business/dealbook/italy-just-handed-the-global-economy-another-giant-variable.html?

[Warpy]

1. This must be a time of global "fuck you" to all the established powers that be

because people seem to be motivated to hit back at everything and everyone connected to established order. We've seen coups, revolutions, and insane votes that seemingly had nothing to do with issues at hand and everything to do with screaming "NO!" in the faces of important people.

People are upsetting the apple cart all over the world and the immediate scramble is going to be violent in many places and uncomfortable everywhere.

[blm]

2. Chalk up another win for Putin and his manipulative propaganda.

So far, only Austria has beat back the RW push towards nationalism. Brexit, Trump, French primary, now Italy. France and German elections are on deck. Putin's agitators have already targeted Merkel and are using the Wikileaks tactic.

Funny how Wikilieaks can NEVER find anything to divulge about Russia and Putin.

[Kolesar]

3. There are some good documentaries on nationalism on Netflix

Look for "Armistice" if you have the Netflix service. The UN treaty was finally able to bind countries and prevent nationalism from dividing them.

Slate.com had reported that Wikileaks was designed to destroy the Clinton campaign this year.