Organized criminals from Russia are subletting apartments to tourists, as locals struggle with soaring rents.
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.”