Italy’s Multi-Headed Hydra Predicament.
If the ECB scales back stimulus, banks face even greater risk of collapse. But now there’s a new solution.
“The thing is, everyone can’t be a contrarian at the same time.”
“The recapitalization is so secure it fully safeguards deposits,” Greek Economy Minister
“Europe is already surrounded by a geopolitical ring of fire.”
One heck of a doom-and-gloom mess, as analyzed by a ratings agency.
No government has been able to kill it, so far.
Despite the chaos and the deprivations.
The “smart money” has been left to twist in the wind.