New Market Rigging Scandal Tangles Up Already Teetering Construction Giants in Europe by Don Quijones • Oct 17, 2018 • 19 Comments Italian and Spanish construction companies with global projects on the brink or over the brink.
Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies by Don Quijones • Oct 7, 2018 • 59 Comments Italy’s anti-establishment government takes on EU establishment in a struggle that could have major ramifications for the monetary union.
ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge by Don Quijones • Aug 10, 2018 • 85 Comments Turkish lira in free-fall, down 18% in two days.
The Eurozone’s “Doom Loop” Re-Grips Italian Banks by Don Quijones • Aug 9, 2018 • 21 Comments Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks.
How the ECB Helped Spain “Recover” Faster than Italy from the Crisis by Don Quijones • Jun 20, 2018 • 21 Comments A nation of savers v. a nation of debtors.
ECB Reacts (Unofficially) to NIRP’s Revenge in Italy by Wolf Richter • May 30, 2018 • 43 Comments Bond turmoil, no problem. But if Italy doesn’t stick to the rules, the ECB might let the bonds go, “safeguard the remaining Eurozone members,” and “merely control the disaster.”
NIRP’s Revenge: Italian Bonds Plunge, Worst Day in Decades by Wolf Richter • May 29, 2018 • 74 Comments Markets wail and gnash their teeth as “normalization” of Italian yields sets in.
Which Banks Are Most Exposed to Italy’s Sovereign Debt? (Other than the Horribly Exposed Italian Banks) by Don Quijones • May 27, 2018 • 74 Comments “Doom loop” begins to exact its pound of flesh.
Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge” by Wolf Richter • May 21, 2018 • 93 Comments ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever.
EU Moves to Protect Financial System from Failing Banks by Don Quijones • Apr 19, 2018 • 29 Comments Too Little, Too Late?
