“Doom loop” begins to exact its pound of flesh.
ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever.
Too Little, Too Late?
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.”