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Oct 8, 2018
10/18
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deputy prime minister matteo salvini and marine le pen have met, promising a revolution of common senseni's closest colleagues. translation: people understand when someone talks like them, live like them. and clearly, then, the opposite applies. they understand when politicians are not like them and they live on a pedestal above them. remember, if you've got questions on european populism. send them my way. the hashtag is #bbcos. as you may well have seen, that's been the starkest of warnings on climate change today. temperatures could rise to as much as three degrees above. this is coming from the ip cc. it is released a 32 page report. it is also saying they're working to do all it can to reduce the rise to 1.5 celsius. before we get any more details, here is a co—author of the report. so, the scale of the changes that we are experiencing in the climate system is unprecedented. the scale of the changes that humans would have to implement in order to keep climate change under control is unprecedented. so it's a challenge for human civilisation, and this report is therefore a milestone
deputy prime minister matteo salvini and marine le pen have met, promising a revolution of common senseni's closest colleagues. translation: people understand when someone talks like them, live like them. and clearly, then, the opposite applies. they understand when politicians are not like them and they live on a pedestal above them. remember, if you've got questions on european populism. send them my way. the hashtag is #bbcos. as you may well have seen, that's been the starkest of warnings...
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italian deputy prime minister matteo salvini says his government won't budge on its twenty one thousand budget despite e.u. demands he says italy no longer wants to be a quote servant to silly rules brussels rejected rome's draft proposal and has demanded a revised spending plan within three weeks credit ratings agency moody's has downgraded italy to a notch above junk status pointing to the country's significant. now italy's planned budget includes a citizens wage the basic income scheme is aimed at pulling the poorest italians out of poverty but it will cost ten billion euros and is likely to drive up debt. inside a job center in a poor naples neighborhood dozens of people are filling out the same form. a team of five employees helps them but they use paper clips and piles of folders more than computers. soon the job centers will be launching a new welfare policy but no one's explain the details to local officials but. be able to see by three we've met two or three times and labor minister luigi di maggio asked us to explain our difficulties and that but every region has different pro
italian deputy prime minister matteo salvini says his government won't budge on its twenty one thousand budget despite e.u. demands he says italy no longer wants to be a quote servant to silly rules brussels rejected rome's draft proposal and has demanded a revised spending plan within three weeks credit ratings agency moody's has downgraded italy to a notch above junk status pointing to the country's significant. now italy's planned budget includes a citizens wage the basic income scheme is...
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southern neighbor italy kicking up a fuss about berlin's migrant stance italy's interior minister matteo salvini has threatened to close his country's airports if germany goes ahead with rumored plans to send migrants back on chartered flights forty one in brussels is thinking of dumping dozens of immigrants in italy through on or through as chance of flights they should know there is not a move be any airport available we will close the airports we closed the pool. without limits and without rules would lead to design stuff is the difficult to understand criticize as much as you want on room stop the situation highlights the tensions between e.u. states over how to deal with asylum seekers italy wants an automatic distribution of migrants throughout the european union currently they are required to stay in the country of entry into the bloc germany has already returned at least six thousand nine hundred migrants to italy in the first half of the year but berlin says it has no plans to send any migrants in the coming days. another rule is that all migrants that are picked up in the mediterranean
southern neighbor italy kicking up a fuss about berlin's migrant stance italy's interior minister matteo salvini has threatened to close his country's airports if germany goes ahead with rumored plans to send migrants back on chartered flights forty one in brussels is thinking of dumping dozens of immigrants in italy through on or through as chance of flights they should know there is not a move be any airport available we will close the airports we closed the pool. without limits and without...
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Oct 23, 2018
10/18
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luigi di maio is matteo salvini's coalition partner and also deputy prime minister.ay "this is the first italian budget that the eu doesn't like." "this is the first italian budget written in rome and not in brussels!" when we were in milan a few weeks ago, we spoke to the journalist anna momigliano — this is her take. "in the short term, this eu commission thing is a boost to the government narrative" and anna joins me again now. —— i was able tojoin earlier and she said what she meant by that. this government is run on eurosceptic. they present themselves as the true independent government. what is happening right now, it allows both the league and 5—star to say "see, we are the true people —— tripathi of the people. of people living in brussels. —— the league and five star. italy is one of the most eurosceptic countries across the area, this general feeling among people, the europeans people but these bureaucrats don't want money spent on more people. and in the short term... 0h, spent on more people. and in the short term... oh, and i have the feeling that we are
luigi di maio is matteo salvini's coalition partner and also deputy prime minister.ay "this is the first italian budget that the eu doesn't like." "this is the first italian budget written in rome and not in brussels!" when we were in milan a few weeks ago, we spoke to the journalist anna momigliano — this is her take. "in the short term, this eu commission thing is a boost to the government narrative" and anna joins me again now. —— i was able tojoin earlier...
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Oct 23, 2018
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so indeed it is a very delicate matter, especially with the popularity of matteo salvini, across italy this is beyond one hundred days. still to come — we've been asking us voters how president trump has impacted their lives since taking office — as the country prepares for midterm elections. uk high streets have the highest concentration of fast food outlets in almost a decade. research suggests people most exposed to them are nearly twice as likely to be obese. the sharp rise comes at a time when doctors are warning that the costs of obesity could bankrupt the nhs. the uk also has one of the highest proportions of overweight and obese children in the european union. the rate of severe obesity among year 6 children, aged 10 to 11, is up by more than a third since 2006, to 4.2 percent, according to public health england. david rhodes reports. it is the food that is fast, convenient and an everyday part of some people's lives. i really hated how i looked. it is not normal to be 30 stone. at the age ofjust 16, joe from rotherham was morbidly obese. you are seeing more takeaways then you
so indeed it is a very delicate matter, especially with the popularity of matteo salvini, across italy this is beyond one hundred days. still to come — we've been asking us voters how president trump has impacted their lives since taking office — as the country prepares for midterm elections. uk high streets have the highest concentration of fast food outlets in almost a decade. research suggests people most exposed to them are nearly twice as likely to be obese. the sharp rise comes at a...
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italy refused the ship permission to dock as part of interior minister matteo salvini is hard line policy against private aid vessels. he released a statement on facebook saying basically supports remain closed and i condemn the facilitation of illegal immigration by anyone who helps people smugglers. but the ngos are not prepared to give up yes a new ship has set off towards libya its crew doesn't plan to rescue migrants but to spot migrant boats in distress the group says it will provide a civilian presence in waters where the risk of migrant trending says spiked since the beginning of the year. aruba neuer bowers thinks for sea watch one of the n.g.o.s that has sent the better your out into the mediterranean welcome to day w i'm going to what we do. well we send a ship to the deadliest borders in the world at the moment one in five persons that tries to cross the mediterranean sea drones or disappears according to official data by the i.o.m. and that's why it's so important that there is civilized at sea and of course if that was the case we are all still able goes the ship goes out to
italy refused the ship permission to dock as part of interior minister matteo salvini is hard line policy against private aid vessels. he released a statement on facebook saying basically supports remain closed and i condemn the facilitation of illegal immigration by anyone who helps people smugglers. but the ngos are not prepared to give up yes a new ship has set off towards libya its crew doesn't plan to rescue migrants but to spot migrant boats in distress the group says it will provide a...
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interior minister matteo salvini has said he won't remove a single year zero from the budget but the fact remains italian government bonds are among the riskiest with the yield of three and a half percent they sit three point one percent above the secured german bond just repaying the interest could crush italy it's money that the country does not have and the problem might be about to get worse the european central bank wants to hold its bond buying program at the end of december it's expansive monetary policy will also likely be cut but from october twenty ninth seen both of these factors will put further strain on the italian budget could this be a rehash of the greek crisis. the third largest economy in the e.u. is in big trouble the question is how far is the e.u. prepared to go to save it. let's try and find out who's playing stefan because he's a professor at the school of europe european political economy professor should the e.c.b. support italy with a longer period of low interest rates. remember . the president of the c b a nun's the outright market is this. whatever it ta
interior minister matteo salvini has said he won't remove a single year zero from the budget but the fact remains italian government bonds are among the riskiest with the yield of three and a half percent they sit three point one percent above the secured german bond just repaying the interest could crush italy it's money that the country does not have and the problem might be about to get worse the european central bank wants to hold its bond buying program at the end of december it's...
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Oct 8, 2018
10/18
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here in italy, deputy prime minister matteo salvini and marine le pen have met — are promising a revolution
here in italy, deputy prime minister matteo salvini and marine le pen have met — are promising a revolution
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italy's deputy prime minister matteo salvini has said his government won't change its budgets despite e.u. demands to do so he said italy no longer wants to be a servant to silly rules rome and brussels are squabbling over its least twenty nine thousand budget after rejecting the initial proposal brussels as demanded that the italian government present a revised spending plans within three weeks rome's defiant stance has seen rating agency moody's downgraded italy's banks to a notch above junk status due to fears the government debt may become unsustainable . cuba imports most of the food it consumes but sugar was never really on the country's shopping list but now for the first time in history cuba has to import forty thousand tons of sugar in just three months the communist nations once was world leader in sugar production cane sugar once accounted for seventy five percent of cuban exports but now it comes from france the local harvest suffered badly from. that ravaged the odd it was followed by an unusually long rainy season police you know borrow quickly noticed a curious turn of
italy's deputy prime minister matteo salvini has said his government won't change its budgets despite e.u. demands to do so he said italy no longer wants to be a servant to silly rules rome and brussels are squabbling over its least twenty nine thousand budget after rejecting the initial proposal brussels as demanded that the italian government present a revised spending plans within three weeks rome's defiant stance has seen rating agency moody's downgraded italy's banks to a notch above junk...
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Oct 24, 2018
10/18
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in response, one of italy's deputy prime ministers, matteo salvini, said the eu decision changed nothingg italians angrier. donald trump has called saudi arabia's response to the murder ofjournalist jamal khashoggi a total fiasco and "the worst cover—up ever". and secretary of state, mike pompeo, has announced sanctions against 21 identified suspects. they will have their us visas revoked. turkey's president has told mps from his ruling party that the killing was planned days in advance. from istanbul, mark lowen reports. jamal khashoggi's last steps into the saudi consulate and towards his death. he came just for papers to prove his divorce and let him remarry. three weeks on, the search for the truth continues. president erdogan vowed to provide today the "naked truth", in his words. in the end, no new bombshell, but accusations of a premeditated act. translation: all the information and evidence shows that jamal khashoggi was killed in a violent, savage murder. we expect those responsible to be exposed. we have strong evidence that it was a planned operation, not an accidental death.
in response, one of italy's deputy prime ministers, matteo salvini, said the eu decision changed nothingg italians angrier. donald trump has called saudi arabia's response to the murder ofjournalist jamal khashoggi a total fiasco and "the worst cover—up ever". and secretary of state, mike pompeo, has announced sanctions against 21 identified suspects. they will have their us visas revoked. turkey's president has told mps from his ruling party that the killing was planned days in...
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Oct 3, 2018
10/18
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the new interior minister, matteo salvini, says he won't let his country be turned into what he calledof lucano's arrest with a comment on twitter about good guys who want to fill italy with migrants. the mayor's critics say what he's done in riace is an example of immigration policy gone wrong, but his supporters say his only crime was showing humanity. as for the man himself, lucano is yet to issue a statement on his arrest. lebo diseko, bbc news. a scientist who pioneered the use of lasers, has become the first woman to win the nobel prize for physics in 55 years. donna strickland from canada shares this year's award with a frenchman, and an american. our science correspondent victoria gill has the story. 2018 nobel prize in physics... the ultimate scientific accolade, and professor donna strickland is only the third woman ever to have won a nobel prize in physics. she and her fellow winners were honoured for what the nobel committee called groundbreaking inventions in laser physics. professor strickland devised a way to use lasers as very precise drilling or cutting tools. millions
the new interior minister, matteo salvini, says he won't let his country be turned into what he calledof lucano's arrest with a comment on twitter about good guys who want to fill italy with migrants. the mayor's critics say what he's done in riace is an example of immigration policy gone wrong, but his supporters say his only crime was showing humanity. as for the man himself, lucano is yet to issue a statement on his arrest. lebo diseko, bbc news. a scientist who pioneered the use of lasers,...
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Oct 22, 2018
10/18
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italy's interior minister matteo salvini dismisses a credit downgrade by ratings agendy moody's, saying the country won't be intimidated. also in the programme... the war of words escalates between the world's two biggest economies, china angrily rejecting comments by the us secretary of state warning of the hidden risks to developing countries of investment from beijing. the markets in europe all headed higher at the start of a brand—new trading week. we will explain why. and the man from uncle joins us live. he's not a secret agent, but the founder of a letting agency with a difference. he'll tell us why cutting out the middleman appeals to generation rent. and today, as one firm promises driverless taxis on the roads in london within three years, we want to know, would you trust their safety? would you ride in one? let us know — just use the hashtag bbcbizlive. hello and welcome to business live. my my view is you can't beat the chat with a cab driver in london. the clock is ticking on another deadline in italy's budget showdown with the european commission. the eurozone‘s third bigg
italy's interior minister matteo salvini dismisses a credit downgrade by ratings agendy moody's, saying the country won't be intimidated. also in the programme... the war of words escalates between the world's two biggest economies, china angrily rejecting comments by the us secretary of state warning of the hidden risks to developing countries of investment from beijing. the markets in europe all headed higher at the start of a brand—new trading week. we will explain why. and the man from...
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Oct 3, 2018
10/18
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the new interior ministry, matteo salvini, says he won't let his country be turned into what he calledano's arrest with a comment on twitter about good guys who want to feel italy with migrants. the mayor's critics say what he's done in riace is an example of immigration policy gone wrong, but his supporters say his only crime was showing humanity. as for the man himself, lucano is yet to issue a statement on his arrest. lebo diseko, bbc news. let's go back to the main story of the aftermath of the earthquake and tsunami on the island of sulawesi in indonesia got to let me show you the live pictures now of what is left of the roa—roa hotel in palu. 1300 have lost their lives but the fear is that that could increase. many are trapped and 2000 or so need help. thank you very much for watching. hello. the rather warm for the time of year and humid air that became established across wales and england on tuesday will, in the day ahead, spread across northern ireland and scotland. it will feel noticeably warmer here. behind this whether front, a warm front, the leading edge of milder air. bu
the new interior ministry, matteo salvini, says he won't let his country be turned into what he calledano's arrest with a comment on twitter about good guys who want to feel italy with migrants. the mayor's critics say what he's done in riace is an example of immigration policy gone wrong, but his supporters say his only crime was showing humanity. as for the man himself, lucano is yet to issue a statement on his arrest. lebo diseko, bbc news. let's go back to the main story of the aftermath of...
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Oct 13, 2018
10/18
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deputy prime minister matteo salvini calling jean-claude juncker and brussels bureaucrats the real enemiesrope. >> the enemies of the happiness of the european people are the junckers and moscovicis, who have brought uncertainty and fear to europe, and refuse to leave their cushy posts. vonnie: salvini says citizens look beyond spreads when they vote. right now, the 10-year spread to german bunds is above 300 basis points. for how long will citizens ignore spreads? has been talking about having the spread for breakfast and has been taunting the gentlemen of the spread. i was with him this morning when he was looking beyond the european commission, the people who are in power now. they are looking to the time in a few months where the commissioners' mandate will have ended and , they're looking to the european parliament elections. they say they want to take power then, then try to change the rules. jonathan the italian deputy : prime minister saying, he is sure the spreads between italian and german bond yields will not reach 400 basis points. saying an interview on italian tv, should i ch
deputy prime minister matteo salvini calling jean-claude juncker and brussels bureaucrats the real enemiesrope. >> the enemies of the happiness of the european people are the junckers and moscovicis, who have brought uncertainty and fear to europe, and refuse to leave their cushy posts. vonnie: salvini says citizens look beyond spreads when they vote. right now, the 10-year spread to german bunds is above 300 basis points. for how long will citizens ignore spreads? has been talking about...
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Oct 20, 2018
10/18
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politicians are working to bend europe toth their vision ofuture-- italian deputy prime minister matteo salvinid austria's vice chancellor heinz christian strache. >> ( translated ): generally, i would like to state that oneit cannot agreeany deliberations to make migration a human right. that is contrary to all our principles, and the principles d ocratic states. of course, every state must be able to safe-guard their own sovereignty. >> ( translated ): it is our goal to secure the outer borders of the european union. and looking to the coming year, we want to change europe completely and exclude all socialists from the european parliament. >> reporter: but in a recent interview with the reuters ws agency, the spanish socialist prime minister pedro sanchez made it clear that he wants to be a bulwark against the rise oh the in europe. >> of course it's important indeed to make thaticontrol of frs. tht of course you also need to see globally whamigration policy means. it means, first of all, to enforce and strengthen the cooperation and the dialogue with the countries of origin and the countries
politicians are working to bend europe toth their vision ofuture-- italian deputy prime minister matteo salvinid austria's vice chancellor heinz christian strache. >> ( translated ): generally, i would like to state that oneit cannot agreeany deliberations to make migration a human right. that is contrary to all our principles, and the principles d ocratic states. of course, every state must be able to safe-guard their own sovereignty. >> ( translated ): it is our goal to secure the...
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Oct 19, 2018
10/18
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we just heard from matteo salvini talking to an italian newspaper saying the government will continueplanned and there is no government crisis. we have to look at what's going on with italian and german yield spreads. we have not seen these levels since 2013. a note from intellect this morning, something we need to be focused on when the market opens, saying watch carefully these technical levels. they are looking quite vulnerable. theou see here, those are 10-year spread between italian and german bunds. you can see the stabilization when you look at the spanish tenure as well. in the commodity market, looking at oil. this is interesting. this is the spread between the first and second u.s. month. it flipped into negative territory, the first -- something we have not seen since may. this signals weakness in the market. we had u.s. fresh data out on stockpiles and we know they are searching. rising more than 22 million barrels over the past four weeks of production. this seems to be overshadowing the fact we have geopolitical risks in the market, whether you are looking at saudi arabi
we just heard from matteo salvini talking to an italian newspaper saying the government will continueplanned and there is no government crisis. we have to look at what's going on with italian and german yield spreads. we have not seen these levels since 2013. a note from intellect this morning, something we need to be focused on when the market opens, saying watch carefully these technical levels. they are looking quite vulnerable. theou see here, those are 10-year spread between italian and...
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Oct 16, 2018
10/18
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the hardline interior minister matteo salvini had backed the mayor's policy of insisting that migrantsabling 127 children to resume their places in the canteen. 0na on a lighter note. there has been something of a social media storm today, around the subject of the papoose. the tv presenter and former newspaper editor piers morgan has questioned the masculinity of james bond, aka daniel craig. who was photographed carrying his baby in a front facing pouch. here's the tweet. his comments about the 50—year—old actor, whose daughter is a few weeks old, prompted thousands of responses with many criticising morgan's view of manhood. here is just a small selection of the photos posted in response to morgan's comments. many men proudly carrying their baby in papooses, as you can see. here's one from chris evans who stars in captain america. much as we'd like to show you the image of daniel craig we can't — it's classified. actually, it's not, it's just too expensive. it would bust our budget. but we have do have the next best thing. christian with his papoose! and baby clementine in it. looki
the hardline interior minister matteo salvini had backed the mayor's policy of insisting that migrantsabling 127 children to resume their places in the canteen. 0na on a lighter note. there has been something of a social media storm today, around the subject of the papoose. the tv presenter and former newspaper editor piers morgan has questioned the masculinity of james bond, aka daniel craig. who was photographed carrying his baby in a front facing pouch. here's the tweet. his comments about...
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Oct 25, 2018
10/18
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the right—wing interior minister, matteo salvini, has seized on this.'s most prominent politician, he tweeted... "i'll do everything so that the vermin guilty of this horror pay to the end, without mercy, for their treachery." that's a translation. mr salvini also visited the scene of the crime. as you can see, he was given a mixed reception. these people are chanting "jackal", accusing him of taking political advantage of human tragedy. but he was also cheered by some. here's what he told reporters. translation: i spoke with the prosecutor of the republican ask for an iron fist. we can arrest people it actually buildings but everyone must do their bit. and an iron fist means not tolerate in fact there are thousands of abusive squatters in rome while thousands are waiting for social housing. bbcjournalist sara monetta has been covering this story, and gave us this update a short time ago. we are getting more information as the investigation goes on. it was seven or eight people party to this gang rape. what happened in a derelict building and from what
the right—wing interior minister, matteo salvini, has seized on this.'s most prominent politician, he tweeted... "i'll do everything so that the vermin guilty of this horror pay to the end, without mercy, for their treachery." that's a translation. mr salvini also visited the scene of the crime. as you can see, he was given a mixed reception. these people are chanting "jackal", accusing him of taking political advantage of human tragedy. but he was also cheered by some....
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Oct 11, 2018
10/18
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here in italy, matteo salvini dominate politics and his claim that italians are being replaced has found2016 that we saw clashes between the austrian police and protesters who took issue with their actions. austria also deployed soldiers on the border. well, we have got as far as innsbruck and just like italy, here in austria you don't have to look hard for evidence that populism is impacting on the political discourse. translation: i'm a foreigner you see and in that respect, a lot has changed. austrians have a different image of foreigners. or, as they say, people with a migration background. translation: it is mostly the case that with these hordes of refugees, you might call them that, it is not always people with economic problems that come here but also convicted criminals. you simply don't know who they are. everyone here in austria is getting used to the new government. the election last year produced a coalition which contains the far right freedom party. this year, the government announced new policies which mean there are restrictions on the kind of support that migrants and r
here in italy, matteo salvini dominate politics and his claim that italians are being replaced has found2016 that we saw clashes between the austrian police and protesters who took issue with their actions. austria also deployed soldiers on the border. well, we have got as far as innsbruck and just like italy, here in austria you don't have to look hard for evidence that populism is impacting on the political discourse. translation: i'm a foreigner you see and in that respect, a lot has...
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Oct 12, 2018
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we have in speaking to matteo salvini. do you worry about what is in the budget?i think the biggest issue is more the fact that the italian government does not seem to be what is itsaining growth model and how it is going to go about it. e.u.ensions between the and italian government are here as we get into the european elections next year. although the parliament has there arehe budget, institutions that will criticize it and demand adjustment. i would not take off the table a downward reduction in the deficit will take place. are people underestimating the tension between the five star and the liga? this is an uneasy coalition. it is almost impossible to come up with a budget given what they want. it is an italian marriage so it is fiery. francine: i am in one. tom: i am not going there. francine: will it end in early elections? raffaella: absolutely not in 2019 and 2020. both parties coexist well. they share the fact they believe in politics from the bottom. they share a view they both need to broaden their voter base, one south, one north. there is not any rea
we have in speaking to matteo salvini. do you worry about what is in the budget?i think the biggest issue is more the fact that the italian government does not seem to be what is itsaining growth model and how it is going to go about it. e.u.ensions between the and italian government are here as we get into the european elections next year. although the parliament has there arehe budget, institutions that will criticize it and demand adjustment. i would not take off the table a downward...
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Oct 8, 2018
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we are just getting breaking news out of mattel's albini -- matteo salvini.the enemies of europe are in the bunker. i don't know what that does to investors, -- saudi arabia's crown prince has insisted the plan to sell shares in aramco will go ahead. by 2021 andan ipo has an ambitious view that the state-run company is worth $1 trillion or more. great to have you on the program. this ipo has been delayed before. is this time any different? not.obably he set a new target for the ipo. there is a change and he has given an explanation of why there is a delay. in 20d when he sat down to analyze the future of the industry, especially the future of aramco, they decided they wanted to go down straight because that is where the future is. for them to have aramco competing, they said it would damage the other too much, so they are bringing them together and that is going to happen next year. they want one year of full financial results and then they still want to ipo aramco. will it happen? we have talked to some analysts that express some skepticism that it would be
we are just getting breaking news out of mattel's albini -- matteo salvini.the enemies of europe are in the bunker. i don't know what that does to investors, -- saudi arabia's crown prince has insisted the plan to sell shares in aramco will go ahead. by 2021 andan ipo has an ambitious view that the state-run company is worth $1 trillion or more. great to have you on the program. this ipo has been delayed before. is this time any different? not.obably he set a new target for the ipo. there is a...
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Oct 22, 2018
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italy's interior minister matteo salvini dismisses a credit downgrade by ratings agendy moody's, saying
italy's interior minister matteo salvini dismisses a credit downgrade by ratings agendy moody's, saying
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Oct 8, 2018
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>> matteo sell beanie is meeting -- salvini isa meeting with marine le pen. , lot of people looking atthe markets, which have driven up yields on italian 10 year bonds and widened the spread with german bonds. anna: thanks so much, kevin. the investment director at m&g is still with us in the studio. when you look at political risk see regard to italy, do you the emphasized italian equities on days when italian politics are at the four? >> when you look at the italian issue has been very much contained within italy's borders. the biggest ramifications are the bond market, clearly with those bund yields versus the btp spreads. if you look at two-year treasury swap rates, the german swap rates, they have not moved much. that is typically your hedge which means not a european issue, but an italian issue. the biggest impact we have seen is on italian banks. that is the biggest risk. if we look at italian banks more broadly, they have improved their balance sheet. i'm skeptical of them more generally. we like certain companies within italy. when you look at european banks more generally, th
>> matteo sell beanie is meeting -- salvini isa meeting with marine le pen. , lot of people looking atthe markets, which have driven up yields on italian 10 year bonds and widened the spread with german bonds. anna: thanks so much, kevin. the investment director at m&g is still with us in the studio. when you look at political risk see regard to italy, do you the emphasized italian equities on days when italian politics are at the four? >> when you look at the italian issue has...
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matteo sell alvini would probably get a majority. luigi: i would say so. party.ould be junior i think salvini will dictate the agenda.e: do you worry about a downgrade? do because i think agencies will do what we are all doing. we checked the numbers and it is difficult to see these numbers. on top of that, this budget is not tackling the structural issues that italy has. to be honest, this is not something that was tackled by previous governments. previous governments did not indulge. the primary budget, directed by the cycle deteriorated under previous governments by 2.5 percentage points. previous governments have enough the dividends. eaten up the dividends. are, wesay that chances -- for thet is not banking system, this could be a major problem. francine: thank you so much. stay with us. plenty coming up as angela merkel's political partners suffer losses, will that mean for her tenure? later today, we will also speak to the microsoft ceo. this is bloomberg. ♪ francine: this is "bloomberg surveillance." angela merkel's a sister party in the dropped to a historic low in the states regional vote. projections by th
matteo sell alvini would probably get a majority. luigi: i would say so. party.ould be junior i think salvini will dictate the agenda.e: do you worry about a downgrade? do because i think agencies will do what we are all doing. we checked the numbers and it is difficult to see these numbers. on top of that, this budget is not tackling the structural issues that italy has. to be honest, this is not something that was tackled by previous governments. previous governments did not indulge. the...