014473 --- PAGE BREAK --- Eurozone political calendar 2017 4 December: Italian constitutional referendum Our base case is a close “No” vote where Renzi stays and no snap election, given current polls and the outstanding electoral reform court case. BTPs and the banks recaps remain a tail risks for th

nclude a severe global shock that could strengthen the JPY, or the return of the Eurozone crisis; for example, if the government in Italy falls after Renzi loses the referendum in December or Le Pen wins the elections in France. Long RUB/KRW Post US elections and the improved outlook for fiscal expansi

ll" fear. Clients are torn, but the former, bullish camp wins for now, my colleagues suggest. There are skeptics though. 2) In Europe, do fears over Renzi losing & Le Pen winning climb over the big momentum behind banks etc. Again, my equity team suggests, "no, reflation wave may win over Italy referend

ll" fear. Clients are torn, but the former, bullish camp wins for now, my colleagues suggest. There are skeptics though. 2) In Europe, do fears over Renzi losing & Le Pen winning climb over the big momentum behind banks etc. Again, my equity team suggests, "no, reflation wave may win over Italy referend

sales. - Market implications of a deal are significant, especially for European corporates eager to get back into Iran marketplace (i.e. Italian PM Renzi already visited Tehran as has German FM). - Iran wants to build 400 four & five star hotels in next five to ten years. - But do not expect any sign

the future "That's the key. Right now my have to buy into it." bean centerleft sites are in English, they want one He is also increasingly inter- Mr. Renzi, he sai ested in motivating people to fight ject lesson to eve media conglomerates like Face- tician in Europe," : A new mission: To train Europe's b