Out-of-money, felled by debt and shady accounting, Abengoa faces reality.
Expanding its Program of Financial Darwinism.
With attention riveted on the disintegration and “rescue” of Italy’s banks, other crises go unnoticed, including the gathering problems in government-less Spain.
Investors smell a bigger rat, beneath the bad numbers.
So who’s going to bail out the banks?
There’s a pervasive sense of inevitability to Italy’s banking crisis.
Shaky banks doubled down on Emerging Market bets that are now souring.
More Pain, But No Gain in Store.
Consumer rights v. broke banks: guess who just lost.
The banking crisis jumps to the next level.