This is how desperate the Italian Banking Crisis has become.
Even the “elite” is not totally on board.
They know: the Eurozone would plunge into a sovereign debt crisis all over again, only worse this time.
At first, deny, deny, deny. Then taxpayers get to bail out the bondholders.
Liberbank’s stockholders and junior bondholders fear a “bail-in.”
Many Banco Popular investors wiped out. Taxpayers off the hook. What it means for Italy.
Has the time finally come to test the EU’s bail-in law?
The government’s giant debt is already “vulnerable to market turbulence.”
Spain’s sixth largest bank “itself cannot at this point make a rough calculation” of what its value is, “and if they can’t, neither can we.”
Inflation suddenly takes off.