All these events conform to a well established script.
The government raided the state pension fund. And now what?
To cover a capital shortfall of €50 billion.
The European Court of Justice refused to listen.
Trump’s silence on TiSA is deafening.
Toxic loans on the banks’ books as a result of corruption, political kickbacks, fraud, and abuse.
Its new role as “debt-buyer of first resort” raises a whole litany of concerns.
“There is not and there will not be a banking crisis in Italy, nor will there be a European financial crisis coming from Italy”: EU Commissioner Moscovici
In a world that has become immensely exposed to Mexico’s debt and peso.
Banks cannot be allowed, at any cost, to suffer the consequences of their own chronic mismanagement, or worse.