The coal and nuclear power generator may default in April.
“There is not and there will not be a banking crisis in Italy, nor will there be a European financial crisis coming from Italy”: EU Commissioner Moscovici
Counterparties are losing confidence, withdraw cash.
Everyone is denying everything.
There’s a pervasive sense of inevitability to Italy’s banking crisis.
It all began when Slovenian Police, acting on an insider tip, raided the headquarters of the central bank and a state-owned bank. €257 million in bank bailout money is alleged to have disappeared. How much money could be made to disappear in Italy’s bank bailout?
“Marginalized” and “excluded” “due to the Crisis”: EU poll
The missing capital buffer.
“The big surprise was that negative profits were converted into positives.”
Just when the government touts its miracle economy to win the elections!