Will Italy Sink The EU And Boost Gold?

By Arkadiusz Sieron – Re-Blogged From http://www.Gold-Eagle.com

The recent growth acceleration in the EU could distract attention from problems of the common bloc. Fortunately, you can always count on Italy. Whenever you start thinking that only bright future is ahead of the union, the descendants of the proud Romans remind about themselves. Indeed, Italy focuses three major EU’s problems like in a lens. What are they and how could they affect the gold market?

First, populism. As you remember, Italians held general elections in March. As we reported then, the populist party founded by comedian Beppe Grillo won about one-third of the votes. Since then, the Five Star Movement and League, the two biggest parties in the new parliament, have been negotiating to form a new government. In May, they finally published a contract for their shared platform.

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Failed States, Part 1: Hopeless European Millennials And The Populist Takeover

By John Rubino – Re-Blogged From Dollar Collapse

Europe is frequently held up as an example of how the rest of the world should behave on a variety of issues. But this comparison misses at least two things: First, “Europe” is actually a lot of different countries in a lot of different situations. Second, much of what seems to work over there only does so because it’s being financed with ever-increasing amounts of debt.

For countries, as for individuals, borrowing money is fun at first but beyond a certain point becomes debilitating, as interest payments begin to crowd out everything else. That’s where a growing number of Europe’s failed states now find themselves, with overly-generous pensions and overly-restrictive labor laws making it virtually impossible to run a functioning market-based economy.

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What the GDPR Means for Companies in Europe and Beyond

Re-Blogged From Stratfor

Highlights

  • Not all EU member states have enacted national laws on data protection, and many will have difficulty shouldering the costs of doing so.
  • The second half of 2018 will provide early indicators of how much the European Union can influence large technology companies to address the privacy concerns of EU citizens.
  • Uncertainty regarding the severity of national enforcement could influence the regional development of technology, especially in terms of small and medium-sized enterprises.

Though the GDPR standardizes data protection policies across the European Union, each individual member state is required to place its own language into national law, leaving the door open for countries to interpret and implement the regulations in different ways.

(Shutterstock.com)

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European Implosion Sends Panic Through Global Markets

By Michael Snyder – Re-Blogged From Freedom Outpost

told you to keep your eyes on Europe.  On Tuesday, widespread panic shot through European financial markets and this deeply affected U.S. markets as well.  The Dow Jones industrial average fell 391 points, and at this point the Dow and the S&P 500 have been down for three trading sessions in a row.  But the big news is what is happening over in Europe.  Tuesday’s crash represented the largest one day move for 2 year Italian bonds ever, and Italian bank stocks are now down a whopping 24 percent from their April highs.

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Supersonic Jets are Making a Comeback

By Alex Gray – Re-Blogged From https://www.weforum.org

Five years from now, it might take three hours and 15 minutes to fly from New York to London, or five and a half hours to get from San Francisco to Tokyo. That’s half the amount of time it currently takes.

Photo illustration of the Aerion AS2, the world's first supersonic business jet, being developed by Lockheed Martin Corp partnering with plane maker Aerion Corp of Reno, Nevada, is shown in this handout photo illustration released December 15, 2017. Courtesy Aerion Corporation/Handout via REUTERS   ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. - RC1487247B30

Those are the promises being made by several companies working on supersonic air travel. But to others, this is just a pipe dream.

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IEA: Air Conditioning Use Will Lead to a Warmer World

By Kendra Pierre-Louis – Re-Blogged From http://www.WattsUpWithThat.com

NYT: ‘The World Wants Air-Conditioning. That Could Warm the World’

More than crickets and fireflies, more than baseball and cookouts, perhaps nothing signals the arrival of summer in the United States like the soft familiar whir of air-conditioning.

But there is growing concern that as other countries adopt America’s love of air-conditioners, the electricity used to power them will overburden electrical grids and increase planet-warming emissions.

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The EU and the Unanimity Trap

Re-Blogged From Stratfor

Highlights

  • The European Union is unlikely to reach the consensus that is required to reform its treaties or to accept new member states within the next decade.
  • While security and defense cooperation is likely to increase within the European Union, the need for unanimity will continue to create complications for the bloc’s foreign policy.
  • In the coming years, the temptation to bypass the European Union’s institutional constraints by letting some countries introduce reforms while others opt out will increase, but this move could come at the cost of a more fragmented union.
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