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.”
Italian and Spanish construction companies with global projects on the brink or over the brink.
Italy’s anti-establishment government takes on EU establishment in a struggle that could have major ramifications for the monetary union.
Turkish lira in free-fall, down 18% in two days.
Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks.
A nation of savers v. a nation of debtors.