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
Just how many banks are insolvent? Turns out, a lot… Read More Here’s Why Italy’s Banking Crisis Has Gone Off the Radar
Many of Europe’s and America’s biggest banks have begun begging, cap in hand, for a new, innovative way of raising vast sums of dirt-cheap debt on Europe’s financial markets.… Read More Is that the Smell of Desperation Hanging Over Europe’s Banking System?
Quixotic delusions are as rampant as ever at the loftiest heights of Brussels’ ivory towers. Either that, or things are now so serious that lying is the only tactic left available to their occupants.… Read More So Who Gets to Pay for Italy’s Banking Crisis?