This is how desperate the Italian Banking Crisis has become.… Read More Contagion from the 2 Friday-Night Bank Collapses in Italy?
At first, deny, deny, deny. Then taxpayers get to bail out bondholders… Read More Fear of Contagion Feeds the Italian Banking Crisis
Many Banco Popular investors wiped out. Taxpayers off the hook. What it means for Italy… Read More “Bail-In” Era for Europe’s Banking Crisis Begins
The government’s giant debt is already “vulnerable to market turbulence”…… Read More Despite the Hype, Italy’s Banking Crisis Metastasizes
The only other option: “Orderly restructuring.”… Read More ECB Tapering May Trigger “Disorderly Restructuring” of Italian Debt, Return to National Currency
Nerves are fraying in the corridors of power of the Eurozone’s third largest economy… Read More In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”
This could end up blowing up in the faces of yield-starved investors all over the world… Read More Presenting Italy’s Latest Plan B, Where Desperation Meets Insanity
According to a survey of reserve managers at 80 central banks, who together are responsible for investments worth almost €6 trillion, the stability of the monetary union is their greatest fear for 2017… Read More Three More Reasons to Worry about the Euro’s Future
In 2013 The Economist depicted Italy’s self-described “populist” Beppe Grillo as a clown on its front cover. Yet his party still leads the polls. And that lead is growing… Read More Eurozone Continues to Ignore Its Biggest Threat
“There is no clear vision of the problem and no strategy,” Italy’s bad banker-in-chief, Alessandro Penati, told a financial conference in Milan. He said he was virtually working alone on rescues that had revealed “horror stories” within some banks.… Read More Italy’s Banking Crisis Is Even Worse Than We Thought
Unless you’re a senior banker working for an insolvent bank, or an investor with sizable holdings of slowly putrefying bank shares or bonds, these taxpayer-funded bad banks are by nature a bad idea… Read More Italy’s “Bad Banks,” Created to Save the Financial System, Are Themselves on Verge of Collapse
A bank that is officially too big to fail, with over €1 trillion of “assets” on its books, just admitted that things are even worse than initially feared… Read More Is Italy’s Banking Problem Becoming Too Big to Solve?