Italy’s anti-establishment, anti-euro 5Star Movement has captured a record 5-point lead over the governing Democratic Party, according to a poll published Tuesday by Corriere della Sera. Support for stand-up comedian Beppe Grillo’s party reached a high of 32.3 percent. Source: Politico
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
France is to nationalise its biggest shipyard at St-Nazaire rather than allow it to pass into Italian ownership, its economy minister has announced. The nationalisation, which was confirmed on Thursday afternoon, will mark President Emmanuel Macron’s first major industrial policy intervention, and appears a far cry from the former banker’s usual philosophy. Source The Guardian
Spain’s economy grew by 0.9% in the second quarter thanks to improved exports and household spending.The growth figure, a first estimate from the National Statistics Institute (INE), suggests the country’s economy has finally grown back to the size it was before the credit crunch of 2008. Source: BBC News
Russia ordered the U.S. to slash hundreds of embassy and other personnel in the country in a dramatic and sweeping retaliation to the passage of a new sanctions bill in the U.S. Congress. Source: Bloomberg