Even banks outside Italy have an absurdly out-sized exposure to Italian sovereign debt.
World’s largest hedge fund puts down $13 Bn to profit from trouble in the EU
Right at the front of the monetary welfare queue is the government of Italy.
But investors are burned out.
“With Friends Like These…”
Just don’t mention “Antonveneta.”
Sharp Dose of Deja Vu for Italy’s Teetering Banks.
Wishful thinking may not be enough.
Even Italian banks are dumping Italian government bonds.