Why do they risk so much for little?
The only other option: “Orderly restructuring.”
In the land of NIRP refugees and “Reverse Yankees,” who will get crushed?
Because Italy’s banking crisis and other problems have not been solved.
At stake: €1 trillion-a-DAY in euro-clearing operations & other activities.
From the Doom Loop to the Black Hole.
Bundesbank: It’s a war on personal freedom and choice.
How many banks are insolvent? Turns out, a lot! But elections are coming up.
Transparency International whacks at a central bank.
Italy’s Multi-Headed Hydra Predicament.