Re. Renzi. As you highlight,big problems but it's going unnoticed sort of sitting at the back of the room like a ticking time bomb.
There's a referendum in Italy on October 30th. or November 6th. re. the governments constitutional reforms and it's a political gamble for Renzi and if he loses they'll be an election and the Five Star Movement,on 30% could gain power they want out of the EU and will hold a referendum. As outlined in the article here,the Italian electorate want to give Renzi and co. a bloody nose,just like those who voted for a Brexit here. To Remain hold a slender lease but you can't trust polls as we've discovered.
Would be a very bad acquisition for Lloyds. An American owned company who have already slashed their profit targets twice already, wanting to sell at a bargain basement price. The City will have a field day with the share price if this goes ahead.
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