This trend is not your friend.
Italy’s Multi-Headed Hydra Predicament.
Just How Low Can European Governments Go in Post-Brexit Courtship of Financial Firms?
If the ECB scales back stimulus, banks face even greater risk of collapse. But now there’s a new solution.
To keep a financial system and currency union from collapsing on each other.
The ECB would do so at its own peril.
There’s an air of furtive desperation about the proceedings.
Not having learned a thing from merged banks that then collapsed.
When it comes to debt, everything is relative, especially if you don’t have a reserve-currency-denominated printing press.
Only this time, the ECB is already doing “whatever it takes.”