The art of Making Bad Debt Disappear.
€4.8 billion window-dressing to cover a growing €360 billion hole
A Gargantuan Crime Scene.
The Italian Dilemma.
With a stagnating economy, even supposedly good debt on banks’ books may end up putrefying.
The Italian Banking Crisis would complete Europe’s “Doom Loop.”
JP Morgan’s deal “would be great for Italy”: CEO Jamie Dimon.
These big banks have every reason to try keeping Italian banks afloat.
So who’s going to bail out the banks?
There’s a pervasive sense of inevitability to Italy’s banking crisis.