And the 217 planes that Jet Airways ordered from Boeing?
Italy’s fiscal health is once again in serious decline.
The acquisition created world’s biggest toll-road operator. But it was costly.
French banks are heavily exposed to Italy.
The banking lobby and the ECB will have a cow.
Well, that didn’t take long. Whatever happened to Eurozone’s new bail-in rule?
Ugly long-term charts that Wall Street doesn’t want us to see. And now US stocks are infected too.
“Who will purchase €275 billion of government debt Italy is to issue in 2019?”
The French megabanks are on the hook.
But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.”