Will Spain’s central government blink (again)?
More than just a few “fallen angels.”
Oh the irony: EU capitals are trying to attract the very institutions that caused some of the worst financial scandals of the last ten years.
What will Draghi do?
But the IMF has suggestions on how to win the War on Cash.
“You could sell ten flats in a day” to Chinese on real estate excursions.
And this might become a problem for the Fed.
Markets are still complacent.
Only two things keep these banks alive.
What would a disorderly bank collapse in Spain and Italy have done?