Even Italian banks are dumping Italian government bonds… Read More What’s Keeping Italy’s Government Debt from Blowing Up?
The only other option: “Orderly restructuring.”… Read More ECB Tapering May Trigger “Disorderly Restructuring” of Italian Debt, Return to 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
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?
The last 30 years have seen “a huge amount of economic growth but hardly anyone’s benefited from it.”… Read More The Global “Populist” Doom Tour Swings to Italy
The mainstream media in Europe is having a field day attacking and ridiculing Beppe Grillo’s 5-star movement. The Economist recently labelled him a clown on its front cover. Broadcasters across the continent are tarring him with the brush of populism. Like schoolyard children, the newspapers here in Spain laugh smugly at his bedragled appearance. The… Read More The Italian Genie is Out of the Bottle