Italy’s Multi-Headed Hydra Predicament.
Gusto for US stocks and bonds dies down quickly.
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.
There’s an air of furtive desperation about the proceedings.
Only this time, the ECB is already doing “whatever it takes.”
Turns out, Italy’s banking crisis is not fixed.
Six central bankers and a financial regulator get dragged to court.
There’s now a special math for NIRP refugees in Europe.
The insider blame game has begun.