“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
Teetering Eurozone banks exposed to flying shrapnel.
Banks cannot be allowed, at any cost, to suffer the consequences of their own chronic mismanagement, or worse.
Short-sellers have a field day with Spain’s “Most Italian Bank.”
The growing pile of bailed-out, newly crushed European banks.
Who Will Be the Bag Holders?
The art of Making Bad Debt Disappear.
€4.8 billion window-dressing to cover a growing €360 billion hole
A Gargantuan Crime Scene.
Counterparties are losing confidence, withdraw cash.