Speculators will probably attack Italian financial markets this month but the country has the resources to defend itself, a senior and highly influential government official says in a newspaper interview… Read More Italy Expects Financial Market Attack in August: Govt. Official
Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks… Read More The Eurozone’s “Doom Loop” Re-Grips Italian Banks
Fear of Italy leaving the euro has driven Germany’s surplus with the European Central Bank to a record €956 billion. But economists say this surplus could vanish overnight if a real crisis hit… Read More When Is a Trillion Euro Not a Trillion Euro?
A nation of savers v. a nation of debtors.… Read More How the ECB Helped Spain “Recover” Faster than Italy from the Crisis
Years of neoliberal economic policies imposed by Brussels and by Italian politicians alike have devastated numerous industrial towns and the very fabric of Italian society… Read More This Is the New Italy
The truth is that Italy should never have joined the euro in the first place… Read More If Italy Exits the Euro, It Could Be the End of the Single Currency
“Doom loop” begins to exact its pound of flesh… Read More Which Banks Are Most Exposed to Italy’s Sovereign Debt? (Other than the Horribly Exposed Italian Banks)
It turns out that the euro break-up trade isn’t dead — it’s just been hibernating and is likely to return with a vengeance in the months ahead.… Read More Italy On Verge Of Inducing Fresh European Crisis
The bond markets have woken up to the enormity of what is happening in a country that cannot be easily crushed into submission “à la Grecque”, and that is big enough to destroy monetary union… Read More Italy’s Insurgents Defiant as Bond Spreads Surge and EU Threats Build
Rules that would have forced European banks to set aside more money against hundreds of billions in bad loans, appear to be too difficult or too dangerous to implement… Read More ECB Capitulates On Defusing Eurozone’s “$1 Trillion Ticking Time Bomb”
Too Little, Too Late?… Read More EU Moves to Protect Financial System from Failing Banks
The world’s biggest hedge fund, which now owns more than 40% of Europe’s GDP in securities emains forever entwined with the fate of the European capital markets.… Read More ECB Doubles Bond Purchases Just As Market Hits Turbulence
