mario draghi said italy must talk to | mario draghi said italy must talk to countries _ mario draghis more to auburn, and he has been in _ looks more to auburn, and he has been in paris— looks more to auburn, and he has been in paris for 12 years and it is because — been in paris for 12 years and it is because mikey has been hollowing out the democracy. there is one thing that can _ the democracy. there is one thing that can be — the democracy. there is one thing that can be looked at with concern. major— that can be looked at with concern. major implications not only for italy but also for the european union and the wider world if giorgia meloni does indeed win today. there will be an exit poll and a projection of the vote when the polls close here. the results will come through overnight. to decide whether or not... who runs the largest number of seats come largest party will get first refusal to form a government talks begin with the present in the coming days. we have full analysis on bbc news, but for now, i will hand you back to the studio. sport, and for a full round up, from

it was sparked injuly when the prime minister mario draghi lost the support of his coalition partnersper mario had stabilised this politically volatile country amidst the covid pandemic and war in ukraine. giorgia meloni's far—right brothers of italy has led the polls. she wants tax cuts, a naval blockade of libya to stop migrant boats, and is hard—line on lgbt rights. her party has neo—fascist roots but she vehemently rejects the label. she is in coalition with the ultranationalist league of matteo salvini and the ex—prime minister silvio berlusconi, known as much for his bunga bunga sex parties as his centre—right politics. fighting them is enrico letta, pro—europe and pro—civil rights, but he failed to form a broad centre—left coalition. he fell out with the once anti—establishment five star movement that came top last time, but has plummeted. it's hoping its social welfare policies will save it now. so, how will the poll affect the war in ukraine? mario draghi has been a big supporter of kyiv and while giorgia meloni backs that, her coalition partners have had close ties with vlad

thanks to mario draghi's i thanks to mario draghi's government, it gets a lot of money from the europeanovery and resilience plan. hundreds of millions, billion euros... and she will have two keep the bar straight. this money is coming through promises that mario draghi's government made, keeping some policies towards the eu direction. she will have to be faithful to those promises. she will probably try to appease some members of her government who indeed are pushing towards more eurosceptic positions. especially talking about ukraine, she has always been, since the very first day, actually, in favour of the nato intervention and support of ukraine against russia. but two members of her coalition have been quite forceful against it. she probably has to strike while she is hot and on top. thank you very much, good to speak to you. the number of suspected ebola infections in uganda continues to rise, with the country's health ministry saying there have been 3a suspected cases. health teams are continuing to trace any people who may have come into contact with the virus. this is the fourth

as people vote in an election triggered by party infighting that brought down prime minister mario draghi'sroad national unity government injuly. in the uk, the labour party pledges to boost the economy and create jobs through investment in green energy with plans of making the electricity network carbon—free by 2030. there are reports of further violence between anti—government protesters and police in iran as 35 people are killed and hundreds more are arrested following the death of a young woman in police custody. thousands queue at the georgian border to leave russia as president zelensky accuses vladimir putin of sending russian conscripts to their death in ukraine by forcing them to fight in the war. a british man freed after being held by russian—backed forces in ukraine describes how he was stabbed by a russian officer and thought he was going to die in captivity. and...from a dead rat to an exploding martini glass... the bbc gets rare access into the cia's secret museum where thousands of exhibits and artefacts mark the agency's 75—year history. hello and welcome if you're watching

couid _ meloni is, but maybe mario draghi could help — meloni is, but maybe mario draghi could help thank you very _ could help her. mattia diletti, thank you very much - could help her. mattia diletti, thank you very much indeed. | could help her. mattia diletti,| thank you very much indeed. a suggestion there that perhaps europe needs to play the game a little bit with giorgia meloni, not to be too hard with her, but to coax her into the western european fold, to try to bring her closer to their position rather than to give her the cold shoulder. it will be fascinating times ahead, both here in italy and in europe in terms of that wider very important relationship between italy and the european union at italy and the european union at italy in nato. we will continue to have all the coverage and analysis on this fascinating story in the days and weeks ahead over the political horse trading before the formation of a government. it now looks like it will be a right wing government led by giorgia meloni becoming the first far right leader of this country since mussolini. with that, it

guy: how much of what mario draghi delivered be maintained?s the rude what you're talking about. the nervousness is about a big shift away from that. how much of his legacy is going to be maintained? maria: the depends who wins. it would depend if this is a center-right or centerleft government. a lot of this is a mystery. if you look at -- this is the main protagonist on this. when you listen to her, there is the one who speaks to the italian crowd. there is no sugar coating that. she has ideas that could be shocking to progressive forces of your. it's hard to see how she could work with micron. -- macron. she has managed to hit something and get into something that is connected with the public. internationally, the one takeaway you have seen is the fact that in this campaign there has not been talk around europe, pulling out of it. the italian government has a huge incentive to have a good working relationship with brussels. there are billions at stake. guy: we really appreciate you joining us and going into a really interesting weekend for

of defense cooperation between ukraine and italy, instead, the head of the italian government, mario draghi, confirmed the support that vitaly continues to provide to ukraine. in addition, draghi noted the positive developments in the ukrainian counter-attack, the restoration work in one of the damaged buildings in the sviatoshyn district of the capital will be completed in two months, mayor vitaliy klitschko said. added that unique works are currently underway there with the installation of a monolithic reinforced concrete frame, let me remind you that a russian rocket hit this 16-story building building on march 15, half of the 126 apartments burned completely, the other half partially, but the renovation of the 27-story building on lobanovskyi avenue is planned to be completed already in the spring. the russians targeted this building on the third day of the full-scale war, as a result of which 16 apartments were damaged. in total, 11 residential buildings are being renovated in the capital. suffered the greatest destruction due to the shelling of the occupiers, the work continues, there

cooperation between ukraine and italy, on the other hand, the head of the italian government, mario draghi, confirmed the support ukraine continues to provide to italy, in addition, draghi noted the positive developments in the ukrainian counterattack of the office of the president of ukraine andriy yarmak and former nato secretary general anders fogh rasmussen presented recommendations on security guarantees for ukraine, they propose to create the kyiv security agreement, a joint document on strategic partnership between ukraine and the guarantor states, it is assumed that the main group of allies will undertake clear obligations to support the armed forces of ukraine, and the wider group will provide non-military guarantees built around sanctions mechanisms. yarmak emphasized that the agreement is not a substitute for ukraine's accession to nato is only a means of ensuring security until this accession takes place, they cook and sell goodies, create patriotic crafts and even dance, and all with a charitable purpose to help zes, we have repeatedly talked about volunteer children who colle

it was sparked injuly when the minister mario draghi lost the support of his coalition partners.e war in ukraine. georgia maloney�*s far—right brothers of italy has led the polls. if you want tax cuts, a naval blockade of libya to stop migrant boats and her party has neofascist roots but she vehemently reject the label. she is in coalition with the ultranationalist league and the ultra nationalist league and the ultranationalist league and the ex— prime minister, known as much for his sex parties as his centre—right politics. fighting them is this candidate, pro— civil rights but failed to form a broad centre—left coalition. he fell out with the once antiestablishment 5—star movement that came top last time but has planted stop its hoping it's a social welfare policies will save it now. so how will it affect the war in ukraine? mario draghi has been a big supporter of kyiv and while georgia moloney backs that partners have had close ties with vladimir putin and sylvie he has even suggested dropping sanctions on moscow due to the energy crisis. so this election matters, both here

nonetheless, the person the eu have become used to dealing with to an extent, mario draghi, former governorrse, very much a european in terms of eu approach to things... he is gone, and in comes giorgia meloni. she has even suggested the sanctions being laid against russia are crippling italy. is this another moment where we might see a little splintering of that sense of solidarity in terms of the eu versus... vis—a—vis ukraine? terms of the eu versus... vis-a-vis ukraine?- terms of the eu versus... vis-a-vis ukraine? well, to the best of my _ vis-a-vis ukraine? well, to the best of my knowledge, - vis-a-vis ukraine? well, to the best of my knowledge, it - vis-a-vis ukraine? well, to the best of my knowledge, it was . best of my knowledge, it was not giorgia meloni who said something against sanctions against russia. where some other members of her coalition, namely matteo salvini and silvio berlusconi... there was a paradox in the past few months in italy. at least on ukraine, giorgia meloni was very close to mario draghi, despite the fact she was in the opposition. i don't see how italy

mario draghi ursula vonderlein and eu responsible for this huge economic disaster claim protester accordingo italian business association 92% of locals plan to cut starting spending from vacation restaurants and shopping for clothes, and 73% of respondents have difficulty or cannot resist the increase in energy tariffs . bakers also oppose the increase in energy prices. in hannover, germany, protesters demand that the government provide assistance to businesses, claiming that without financial assistance. they lose it to thousands of german citizens dissatisfied with the sharp rise in prices for electricity and food. they went out to protest and re-brandenburg. people are dissatisfied with the policy of the authorities and citizens. they demand the resignation of the government and the cessation deliveries of weapons to kiev in that our energy prices are rising exorbitantly mecklenburg, vorpommern is a land where wages are already very low, and survival problems. now they do not arise somewhere at the company, but already at the neighbor across the road for some reason , ordinary citizens s

he has literally just finished talking, and mario draghi, prime minister of italy is expected to takee in just a moment. what many of them have been providing is a pretty unequivocal condemnation of president putin and russia at the usga. japan's pm, for example, said the un's credibility was in danger because of the invasion of ukraine by permanent un security member, and german chancellor olaf scholz said president putin would only give up president putin would only give up his imperial ambitions when he realises he cannot win the war. this is mario draghi, who wasjust starting out, before he spoke a little bit earlier, the french president, emmanuel macron, had this to say. translation: is macron, had this to say. translation:— macron, had this to say. translation: , , ., ., translation: is 'ust another provocation_ translation: isjust another provocation which, _ translation: isjust another provocation which, in - translation: isjust another provocation which, in my - translation: is just anotherl provocation which, in my view, does not change our position. russia must leave ukrai

of new elections launched the dissolution of parliament and the resignation of prime minister mario draghi his fireplace. today belarus celebrates the day of machine builder. this leading branch of our economy concentrates the intellectual belaz approached the country's potential for a professional holiday with good results in 8 months. more than 630 units of equipment were produced the lion's share went to buyers from russia this market is the main one for the enterprise with the expectation of it and novelties from factories are being created, for example, electric and hybrid dump trucks, their mass production is planned to be launched in the second half of next year. the russian market is very interested in these machines. well, i can tell i received requests from the republic of south africa from our dealer so that we provided, uh, the cost of ownership of these dump trucks, because in the republic of south africa they are also very focused on the trend. that's exactly ecology. but we give it ecology, we give it the economy. and another advantage of the new production is that eco-frien

the position will not be the same as mario draghi. do not expect giorgia meloni to wreck the boat. she is a nationalist. i don't think she is willing to jeopardize the money [indiscernible] she will play a different tune but she will not break relations with europe. alix: it looks like the markets may be interpreting it that way. thank you so much. this is bloomberg. ♪ ritika: it is time for the bloomberg business flash. volkswagen is likely to price the porsche ipo at the top end of an initial range. it is a sign of how much demand there is for the share sale. at the top end the sports car maker would be valued at almost $73 million. porsche shares will begin trading thursday. credit suisse says it is working on asset and business sales. the bank is looking for ways to cut costs and restore profits under strategic land to be announced next month. no details yet but bloomberg has reported credit suisse is considering the sale of its latin american wealth management operations, including brazil. the ceo of unilever plans to retire afte

a government of national— mario draghi's a government of national unity, and she seems to have _ national that she had been critical of the covid restrictions. the remembered her from _ restrictions. the remembered her from speaking out against that. so that seem — from speaking out against that. so that seem to have gone or some favourable — that seem to have gone or some favourable some voters as well. and are seen— favourable some voters as well. and are seen as — favourable some voters as well. and are seen as are relatively fresh face _ are seen as are relatively fresh face she — are seen as are relatively fresh face. she served in berlusconi's government to ten years ago, so has been _ government to ten years ago, so has been kicking _ government to ten years ago, so has been kicking around in politics for a very— been kicking around in politics for a very long — been kicking around in politics for a very long time, but hasn't held a senior— a very long time, but hasn't held a senior position in government. people — senior position in government. people casting around for who to vot

the outgoing prime minister mario draghi signed a deal with the president of algeria a few days before he resigned in july to bring in further gas supplies to the tune of 9 billion cubic meters as a whole. this is 1/3 of the russian gas that would be coming into the country. they are looking for alternate routes they are looking for storage facilities and demand destruction in europe. you see the likes of air conditioning set at lower temperatures all of those things together and the fact that italy has managed to get to 85% of the total storage capacity means the country has been able to turn itself around a little bit and be better placed for the medium turn the short-term is still a question for the economy higher energy prices are hitting industries at the likes of the manufacturing sector and paper sector and machinery all of these are important to the economy which is crippled by higher energy prices that is why the country has come out to support the households and businesses of the latest with liquidity assistance and tax credits after the september 25th elections, we know ther

the results of the italian election just a rejection not just of globalism, but specifically mario draghiin charge of the ecb. i can't wait to hear what sven hendrichs says after the break. ♪ moving forward with node- positive breast cancer is overwhelming. but i never just found my way; i made it. and did all i could to prevent recurrence. verzenio reduces the risk of recurrence of hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning,... as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell... ...while verzenio works inside to help stop the growth of cancer cells. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening troubl

her rivals have been a lot more ambiguous as they've taken rt in that coalition government of mario draghihe seems to have benefited there. minnen women have pension they were intrigued to see potentially the first female prime minister of italy. she seems to have cut through with policy and her character as well. laura: jessica parker there on the meaning of italy's election. to russian out and president putin's order to call up another 300,000 soldiers is being met with widespread protest. reports have circulated on social media people with no military experience being drafted, along with others wh are just too old. this comes as the kremlin admits that errors have been made in the mobilization effort. this report by our russia editor steve rosenberg includes some distressing images. steve: at a military draft office near moscow, the rollcall against. all russians mobilized, and left behind, their loved ones. for many here, this war has suddenly become very real. but if this -- at this recruitment center, the russians we spoke to said they supported the draft. >> i'm in the mood to fight

it was easy to be critical of mario draghi's cabinet and the european union, but we note this shift is and her rhetoric as the campaign proceeded toward softer conciliatory tones. vis-a-vis the european union. i think she's going to make compromises for sure. hazem: let's put the point to andrea about the change in tone. it begs the question of, what does giorgia meloni truly believe? she represents this party that has its roots in italian fascism. yet she has softened her tone on a number of issues. what do you make of that? andrea: naturally when she released that video talking about fascism, which in reality she was not -- she said fascism was -- she never said mussolini was the worst prime minister. she had to change the tone. she had to reassure the international partners. but this is a far right party. hazem: are you suggesting the change in tone is not genuine on her part? purely political? andrea: yes. if we look at for example immigration, which is something she has touched, this is xenophobic, this is far right. also just before the electoral campaign, it was very controversi

mario draghi was not an elected official.nocra he was put there to solve italy's financial crisis. he was seen by brussels as a very stable, reliable, pro-european leader. giorgia meloni is different, she is from the far right. as you mentioned, if she becomes italy's next prime minister, she will form a very right-wing coalition, the most to the right since world war ii. there are people in brussels, leaders, who are concerned about some of her policies. >> what do we know about her policies? what do we know about what she has won this many votes based on? >> if you look at her manifesto the brothers of italy have had this manifesto. it is quite vague. we have never really seen them out in government. they have always been in the opposition. what we know about her is that she is a ver firm, hard line on illegal immigration. she says it is a matter of national security. she is a euro skeptic. in the past she did advocate for italy to leave the euro. also impornt is her social conservatism. giorgia meloni says she is in favor

this election, just as you claimed that russia meddled and tried to facilitate the downfall of mario draghino specific evidence. but the most important evidence is the fact that the energy cost crisis is happening now. and italy is the country, with germany... but... yes, yes, it is now. and... but that's not evidence that russia is actively trying to intervene in italian politics. but this point about the energy cost, as you know, is the most important point of the electoral campaign. if they continue to put the country in difficulty because of the cost of energy, that will create, for the right in italy, an enormous boost. at the beginning of the war, on the eve of the invasion, i believe italy's economy was, in terms of its usage of gas, 40% reliant on russian gas. in this coming winter, you are not going to have access to that level of russian gas. you may not get much russian gas at all. what is your prescription for how italy copes with this massive energy shock? there are three main issues. first issue, we have to continue the diversification that draghi's government conducted. that

good people of italy are not afraid, they are already the former government of the technocrat mario draghih included both the left and the right, at the beginning of the full-scale invasion of russia, the dredge consistently argued for aid to ukraine , came to kyiv together with the leaders of france and germany, helped shape the tough reaction of the european union against the kremlin, few expected italy to take such a strong anti-russian position. i think putin raised a glass when the roads were dismissed and i am convinced that putin again will raise a glass tonight if the right wins, first of all we have to understand that in italy there was the largest european commune for the party in a strong way connected with moscow, which was financed by the soviet union, a whole web spread over the wings of the country and, first of all, of the intellectual elite, the world of publishing, journalism, the world of information since the 14th year in italy they treated the russians with great understanding, and even at the beginning of the full-scale invasion of russia, the airwaves were clogged wi

the parliamentary elections became an unpleasant surprise because the previous prime minister mario draghihis government could not stand this struggle and resigned. kateryna nesterenko spoke with the editor-in-chief of the authoritative italian publication libero alexandro salusti about the person who called solovyov cream in his face live a palace made of shit, let's see. thank you for being like an interview and the first question about the elections. most forecasts say that your next prime minister will be a woman. how seriously will these elections affect italy's position in the european union? what will change and what will remain constant regarding voting in in italy, all studies now say that the elections will be won by a coalition of right-wing centrists , led for the first time in the history of the italian republic by a woman giorgia ameloni, she is from the brothers of italy party, which is right-wing in italy, but attention is the right-wing with atlantic views, the right-wing with western views, and these are the right-wing who have recently been in the parliamentary oppositio

mario draghi decided to sell the company which was born out of alitalia to an investor group that includes. then during the day, meloni who is likely to win the next general election made clear that she does not want ita to be sold after italy invested so much money. but draghi made clear that the company can't survive standing alone. it needs an investment partner. it has lost 200 million euros in the last six months. manus: italians love their national flag carrier. thanks for jumping in, you are the quickest reporter we have seen in a decade. well done. when you go to the next voting mode went -- voting moment, is the country bothered about what happens in the airline? >> italians have had their taxes raised over 10 million euros. -- billion euros. i think generally speaking, italians don't want to put more money into our national carrier. alitalia, ita was created to keep the roots but the last ceo was the former -- he made clear his duty was to prepare for a sale. and the government essentially completed the process, electing air france and delta. then you have meloni saying we don't

collapsing, the next government resigns and, starting from the beginning, the outgoing prime minister mario draghis post for a year and a half. at first, the people believed this well-known economist, but the bloc of democrats headed by him burned out on two things, the continuation of the migration crisis and energy, first, the introduction of anti-russian sanctions, the price of energy resources in italy is growing exponentially many entrepreneurs on the verge of ruin, gas prices have risen due to the fault of the left, they allegedly, protecting the environment, abandoned nuclear energy and much more. and what happened when i was prime minister. percent, and government responses raised this level to 47 years. and now i do not want to give up gas, they want to get closer for europe, it is important for us that russia should be present in europe even before the start of the elections, sociologists predicted. right opposition to the alliance of parties forward italy berlusconi league of the north salvini and italy's brothers tunes and this prospect was very disliked by the eu officials we look at

soften her party's image and has actually been a steadfast supporter of the outgoing government of mario draghiainst russia and been wholeheartedly behind sanctions on moscow. but again, it's not black and white because her coalition partners, matteo salvini and silvio berlusconi, are close buddies with vladimir putin. so, it's going to be an uneasy coalition on that respect. would they then move out of the sanctions against russia? matteo salvini, her coalition partner, released a video just last week saying, you know, "they told us that the sanctions were going to bring putin to his knees. were going to stop the war and have no impact on us. but actually, look, they've led to a cost—of—living crisis for us italians." and if you've got a founding member of the european union in italy, the third—largest economy in the bloc, that is beginning to waver in its solidarity with ukraine and its opposition to moscow, that is an exploitable link that vladimir putin will probe and prod with absolute delight. it is there any kind of clear and simple explanation of why italy should be looking to the far—r

other hand, she has flirted with the establishment, sort of indicating that she will stick to mario draghi'sow that she will have to hit the ground running. we never had elections at this time of the year, in the middle of the budget session. so we will probably have government by the beginning of november. they have less than two months to draw up a budget. and as you say, there are many other elements at play like the recovery fund.— elements at play like the recovery fund. elements at play like the recove fund. ,, ., ., recovery fund. she will have to have a good — recovery fund. she will have to have a good relationship - recovery fund. she will have to have a good relationship with i have a good relationship with brussels, because of that recovery fund, which is a lifeline for italy at the moment.— lifeline for italy at the moment. , , , , lifeline for italy at the moment. ,, , , ., lifeline for italy at the moment. ,, , ., ., moment. yes but because of that and even more _ moment. yes but because of that and even more importantly, - and even more importantly, because italy has one of t

as people vote in an election triggered by party infighting that brought down prime minister mario draghi'ste jobs through investment in green energy with plans of making the electricity network carbon—free by 2030. there are reports of further violence between anti—government protesters and police in iran as 35 people are killed and hundreds more are arrested following the death of a young woman in police custody.

course, as you have been discussing, the under leader of a major party who didn't take part and mario draghi's some voters like the fact that she had been critical of the covid restrictions. the remembered her from speaking out against that. so that seem to have gone or some favourable some voters as well. and are seen as are relatively fresh face. she served in berlusconi's government to ten years ago, so has been kicking around in politics for a very long time, but hasn't held a senior position in government. people casting around for who to vote for seem to be interested in giving her a try, but i mentioned it before, there isn't actually an overwhelming sense of excitement, an overwhelming sense of political change here. if anything, a lot of people seem pretty fed up by having to go to the polls, and a lot of people still did not know who they were going to vote for. and that level of undecided voters is what the centre—left that they can tap into, to try to peel away her support at the last minute. thank you very much indeed. that desire for change is very much what you hear in this coun

famously mario draghi during the eurozone debt crisis announced the ecb was willing to step in to buyer needed to buy any. so merely the fact of the bank standing ready to purchase uk government bonds automatically helps to stabilise the market. and i have to stabilise the market. and i have to say this is clearly the right thing to do and has been a very successful and important intervention.— successful and important intervention. �* ., , , intervention. and it has happened tuickl , it intervention. and it has happened quickly. it is _ intervention. and it has happened quickly, it is that _ intervention. and it has happened quickly, it is that c _ intervention. and it has happened quickly, it is that c word, - intervention. and it has happened quickly, it is that c word, again, l quickly, it is that c word, again, confidence. how seriously should the government here take this comment by the international —— international monetary fund? i the international -- international monetary fund?— the international -- international monetary fund? i have to say i think the 're monetary fund? i

collapses, the next government resigns and starting from the beginning, the outgoing prime minister mario draghin his post for a year and a half. at first, the people believed this well-known economist, but the blog of the democrats headed by him burned out on two things: the continuation of the migration crisis and the energy sector; first, the introduction of anti-russian sanctions ; gas increased due to the fault of the left, they allegedly, protecting the environment, abandoned nuclear energy and much more. and what happened when i was prime minister, we depended on russian gas by nineteen percent, and the government raised this level to 47 in the summer, and now they want to give up gas, they want to isolate russia, but russia began to move closer to china, which is very dangerous for europe, it is important for us, so that russia should still be present in europe, even before the start of the elections, sociologists predicted a confident victory for the right opposition to the alliance of parties forward italy berlusconi league of the north salvini and the brothers of italy melodies. and t

i don't think you will deviate from what mario draghi did because it is basically what europe has askeds paying for. you might get a bit of rhetoric but you will get change in policy action. francine: davide sera ceo and founder of algebris. fines for wall street banks who failed to monitor what's up communications topped $2 billion, how much more of a crackdown could we see? >> these are the largest fines ever against wall street banks. they total about $200 billion for most banks -- $200 million for most banks. compared to 2006, the fine for morgan stanley was only $15 million. they have gone up quite a bit. tom: what has been the response? >> bank of america face the largest fine, citigroup, j.p. morgan was fined in december. this has been a sprawling months long investigation. investigators focused on management, and talked about how some managers sent thousands of messages on unapproved apps. even sending them to employees charged with compliance. francine: how will banks handle these messaging platforms going forward? >> this is a new era, at a low level some banks are saying to u

fiscal measures and there was an interesting comment from the still acting prime minister in italy, mario draghi agreed that we are in a situation where countries that can force fiscal stimulus, do it, and countries who cannot, don't do it. we are getting into a situation where we have to be increasing quality across the block. tom: the uncertainty is in italy to the crisis in the u.k., what is the read across from here to the eurozone? jana: the big warning signs will be on the italian government to say, irresponsible fiscal policy or what the market says is irresponsible fiscal policy has a huge consequences and it can create market and it -- market panic. we have seen with the bank of england that the rates just went through the roof so tightening will be needed even more. we heard this morning from christine lagarde to the governments that you need to be clear on what you do because otherwise we might have to do more and you might not like it. tom: jana randow, comprehensive on the ecb and the ramifications for what is happening here in the u.k. and the fiscal spending as well. let's get the

does she go back on promises mario draghi put in place? they have access to 1.9 billion euros by december as long as they stick to the rules. will she spend to make sure people don't starve over the winter? this could well be needed but where does she find the money? look out for anything she says on fiscal spending and debt, and that eu fund, she said she will not change anything but wants to negotiate at the margins. dani: francine lacqua in rome with that beautiful backdrop will be joining us throughout the show to give is updated. credit suisse has denied it is exiting the u.s. market after a reuters report that it was mulling a withdrawal of its investment bank. patrick, there has been speculation what sort of shape of restructuring credit suisse will do as it travels -- grapples with crises, what do we think the future of this was bank will look like? patrick: there has been so much speculation that has been building in recent days. yesterday, there was a report they would be exiting banking in the u.s. that would be a huge move, emp

consequences, back in 2012 when mario draghi said we stand behind ten-year bonds is the equivalent of bones. the german government doesn't produce enough bonds and bonds or money. what happens is the euro-dollar financial banking system that creates and prints money across the world decided to use --, this is analogous to the banking system using mortgage-backed securities as collateral. this is a great idea until it wasn't. woodward discoveries of the ecb insists on 75, the confidence in using these as collateral across the world, it's being called into question. the reason why the dollar is surging against the euro, they are tapping their neighbors and saying please take these back. i need dollar treasury. your serving euros and you're buying dollars. alix: you are really bumming me out that's going to evolve. where is biggest missed price then in the market for looking at this kind of huge mistake that's going to wreck a lot of assets? hugh: the markets are genius. , i never set out -- how can i play this. if they approach this, if any of this comes into play you want to be long vo

it is the end of the mario draghi era and the start of the giorgia meloni era with everything to comeith her. >> when it comes to the bond markets and the spread between italian and german bonds, there does not seem to be much of a reaction. what is the significance of this? maria: you have to look at the political story but also the markets story. the btb market has not been doing as well heading into an election. there has been no talks about the electorate. this was a big thing four years ago, whether this country saw a future for itself in the european union. there has been no talks around that and you still have the european central bank active in this market. going forward, however, there are a number of things to watch out for. first is the balance of power within this coalition, whether meloni is able to cement her power. the other thing is the finance minister. they will have to manage the energy crisis that italy sees and just like any other european country, those bills are going to be a big issue for the italian economy of the potential downturn that will come with it. for

as long as she sticks to the commitment mario draghi put in place that is something the markets can live with. on the social level, this is a woman and a party that wants to curb rights for lgbtq, or at least not give any more. the rhetoric is very anti-immigration. for the moment the markets are really focused on the economics. you could see some tension ahead about, for example, she's very close with viktor orban. you could see tension. dani: i did mean to see peso but i think i have pizza on the mind talking to you out there. >> me to. that is why we are a good double act. dani: i love it. francine, more on daily later in the show -- on italy later in the show. a dimming verdict on the new u.k. chancellor plan. this is bloomberg. ♪ >> i think the u.k. is behaving a bit like an emerging market turning itself into a submerging market. it would not surprise me if the pound gets below a dollar if the current policy path is maintained. dani: former u.s. treasury secretary larry summers talking about the u.k. looking more like an emerging market, or perhaps worse. part of this is about surg