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Austria Freedom Party Candidate Hofer Concedes Defeat; Green Party-Backed Candidate Declared Winner

Austria Freedom Party Candidate Hofer Concedes Defeat; Green Party-Backed Candidate Declared Winner

Update 3: The campaign manger of the Hofer campaign has conceded the presidential election.

Turkey Proposes Trade With China, Russia And Iran In Local Currencies

Turkey Proposes Trade With China, Russia And Iran In Local Currencies

Forget the "impossible trinity" - Turkey is facing a just as impossible dilemma where it is trying to juggle two things at the same time: attempts to lower interest rates while supporting its currency, and predictably it is failing.

On Friday, the Turkish Lira crashed to record lows, plunging as much as 3.60 against the dollar when Turkish president Erdogan urged banks to lower interest rates because in order to stimulate investment in the economy "there is no other remedy".

Tomorrow's Vote In Italy Will Be A "Wide-Ranging F**k Off", And It's Just The Start...

Submitted by Nick Giambruno via InternationalMan.com,

Tomorrow, December 4, Italy is holding a referendum that will determine the fate of the entire European Union.

Donald Trump’s victory—which shocked Europe’s political and media elite—gives the populists backing the “No” side of Italy’s referendum the political rocket fuel they need for a virtually guaranteed win.

That momentum will be all but impossible to reverse. Anti-elite sentiment is rising on both sides of the Atlantic. And I bet the global populist revolution will continue.

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