Given the difficulty of accurately gauging nuclear capital expense, how can we infer if these enterprises can ever be profitable?
“Poisoned offers” to settle, backed by the government.
The bank-bailout business rages on.
All these events conform to a well established script.
Over the Christmas holidays when no one was supposed to pay attention, the bailout costs of Monte dei Paschi, third largest bank in Italy, soared 75%!
A “trust-building” measure after a huge hullabaloo about the missing gold.
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.
Toxic loans on the banks’ books as a result of corruption, political kickbacks, fraud, and abuse.