Europe – Italy
S&P Wakes Up, Cuts Italy to One Notch Above Junk, Economy Sinks into Terrific Mess
by Wolf Richter • • 3 Comments
Italy’s Crazy New Economy from Hell
by Wolf Richter • • 17 Comments
“We, the Savvy Italians….”
by WOLF STREET Reader • • 7 Comments
Young Italian Prime Minister Dares (!) to Defy Troika
by Don Quijones • • 4 Comments
Italy’s Economic ‘Recovery’ from Hell in One Chart
by Wolf Richter • • 1 Comment
Which Country Is Europe’s Biggest Narco State?
by Don Quijones • • Comments Off on Which Country Is Europe’s Biggest Narco State?
The Mind-Game Of “Fixing” Europe’s Big Zombie Banks
by Wolf Richter • • Comments Off on The Mind-Game Of “Fixing” Europe’s Big Zombie Banks
ECB’s Draghi: Knowing Too Much About Our Big Banks Could Set Off A Panic
by Wolf Richter • • Comments Off on ECB’s Draghi: Knowing Too Much About Our Big Banks Could Set Off A Panic
European regulators are desperate. The only thing known about the holes in bank balance sheets stuffed with decomposing assets is that they’re deep. No one knows how deep. No one is allowed to know – not until Eurocrats decide who will pay for bailing out these banks. How do we know? ECB President Mario Draghi said that.
(Broke) Italy “Would Love To” But Can’t Pay Its Bills This Year
by Wolf Richter • • Comments Off on (Broke) Italy “Would Love To” But Can’t Pay Its Bills This Year
In most countries, it would be an act of mind-bending chutzpah, or perhaps a display of political insanity, but in Italy it barely made ripples: for a government official, a minister no less, to declare that the country cannot pay its long overdue bills, and not for a month or two, but for the rest of this year! Due to “technical” problems.