Italy Once Again on the Eurozone Worry List
A new tsunami of bad debts washes ashore while banks are still struggling with the debris from the prior tsunami of bad debts… Read More Italy Once Again on the Eurozone Worry List
Category: Italy Banking Crisis
How Germany’s Courts Might Destroy the Eurozone
As the largest creditor nation in the eurozone and its largest economy, Germany has much to lose if it ends up being the party responsible for the breakup of the single-currency union… Read More How Germany’s Courts Might Destroy the Eurozone
European Bank Stocks Collapse to March 2009 & 1988 Levels
Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it… Read More European Bank Stocks Collapse to March 2009 & 1988 Levels
Tourism is 10% of GDP in France, 13% in Italy, 15% in Spain. And Now it’s in Free Fall
“If the situation of generalized panic continues, thousands of businesses, especially small ones, will first enter a liquidity crisis, then close their doors.”… Read More Tourism is 10% of GDP in France, 13% in Italy, 15% in Spain. And Now it’s in Free Fall
Wall Street Magic Tricks Make Banks Look Safer Than They Are
Increased scrutiny hasn’t put an end to accounting sleight-of-hand… Read More Wall Street Magic Tricks Make Banks Look Safer Than They Are
What the ECB Didn’t Say About Monte dei Paschi’s Bailout
The Italian lender’s earnings have been hobbled by hidden losses and bad loans.… Read More What the ECB Didn’t Say About Monte dei Paschi’s Bailout
ECB To Italian Government: Your Gold Is Ours
The ECB is letting the Italian government know that it won’t sit by and allow the Bank of Italy to sell off its gold reserves to help right the country’s troubled finances… Read More ECB To Italian Government: Your Gold Is Ours
Bad Loans Still Too High at Eurozone Banks, ECB Warns
NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus… Read More Bad Loans Still Too High at Eurozone Banks, ECB Warns
Italian Banks Are At It Again, Shares Re-Crushed
What to do with those messy banks ignites further tensions.… Read More Italian Banks Are At It Again, Shares Re-Crushed
Is the EU Backsliding On Commitment to Bail In Banks?
EU bank regulation may be in the process of coming full circle, meaning it won’t have gone anywhere at all… Read More Is the EU Backsliding On Commitment to Bail In Banks?
Default Or Exit: A Battle Between Italy And The EU Is Inevitable
There is a strong possibility that the EU’s leaders will soon be faced with a choice: try to save Italy (and the whole of Europe) from yet another crisis or set an example by punishing the Italian government for the country’s independent economic and foreign policies… Read More Default Or Exit: A Battle Between Italy And The EU Is Inevitable
Europe’s Leaders Are Aiding Italy’s Populists
The fact that Italy’s public debt has a lower credit rating than private debt is a reflection not of public debt’s intrinsic inferiority but of a political choice made by European leaders. And, by bolstering an authoritarian politician, that choice is now blowing back on them.… Read More Europe’s Leaders Are Aiding Italy’s Populists
