The banking lobby and the ECB will have a cow.
Well, that didn’t take long. Whatever happened to Eurozone’s new bail-in rule?
Italy’s anti-establishment government takes on EU establishment in a struggle that could have major ramifications for the monetary union.
“Doom loop” begins to exact its pound of flesh.
The government’s giant debt is already “vulnerable to market turbulence.”
“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.
The art of Making Bad Debt Disappear.
€4.8 billion window-dressing to cover a growing €360 billion hole