Europe

Authored by Michael Cembalest, JPMorgan Chairman of Market and Investment Strategy,

Submitted by Mike Shedlock via MishTalk.com,

Italy’s government is on the verge of collapse. Prime minister Matteo Renzi reiterated his position just yesterday, he will not hang on if a referendum he seeks does not pass.

Polls show the referendum will fail. Then again, polls have not been remarkably accurate recently, to say the least. On the other hand, this poll shows a strong preference to what is labeled “populism”.

Submitted by Alasdair Macleod via GoldMoney.com,

Hayek’s The Road to Serfdom described how personal freedoms are progressively eroded by the state in the name of the common good.

While relations between Russia and the US may finally be on the mend following a phone call between Putin and Trump, in which the Russian leader expressed hope for a reset and renormalization of the current "unsatisfactory" bilateral relations between the two countries, treatment of Russia in Europe remains on the downswing. The latest example of this took place on Friday when military aircraft with Swiss fighter jets shadowed a Russian government aircraft over the European country, Russian Foreign Ministry spokeswoman Maria Zakharova said Saturday.

The European Union have ordered the British press to stop exposing the religious beliefs of terrorists if they turn out to be Muslims.  According to the European Commission against Rasism and Intolerance (ECRI), the British press is to blame for an increase in so-called hate speech in the UK due to the fact that they often use anti-Islamic rhetoric when referring to terrorists. The report says: some traditional media, particularly tabloids… are responsible for most of the offensive, discriminatory and provocative terminology.