Risk of contagion in Italy and far beyond would be huge.
An elaborate confidence game.
The banking crisis jumps to the next level.
Worst Day for Italian & Spanish stocks. Banks massacred.
Past a possibly messy Brexit & elections in France and Germany.
How to dump toxic waste on the pubic through the backdoor.
Watch the banks.
The missing capital buffer.
It’s the competition folks – not the bank regulators. And they have real teeth.
But no worries, the ECB’s desperate backdoor bailout keeps Italy afloat.