iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

Italian Referendum Exit Polls Suggest Renzi is Doomed; Prepare for #ITALEXIT

UPDATE 2: Euro extends losses, now down by 1.02%.

UPDATE: Renzi is fucked.

Early elections will likely be held and Italy’s move towards leaving the EU will begin shortly.

Italians have completed their democratic duties and the polls are now closed. Early exit polling suggests a big win for the “NO” crowd at 55%. If this is the case, the Five Star Movement shall rise, Renzi shall fall, and Merkel will tremble at the specter of an Italian exit from the EU — which will undoubtedly rock markets like GREXIT rumors to the power of 10.

Markets are responding to this news by plunging the euro — off by 0.75% v the dollar.

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8 comments

  1. soupbone

    Gold will be bought.

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  2. dragun

    looks like we’re heading for a global

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  3. cali24dog

    So much drama, excuse me while I yawn…

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  4. ironbird

    At least they do not have to listen to a bunch of bitchy women desperately trying to explain how Oakland fucked up so bad. What a sad disaster. Where are the men in leadership roles? Like one even.

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