The benefit of NIRP: There’s hell to pay – even the ECB admits it.
What to do with those messy banks ignites further tensions.
French banks are heavily exposed to Italy.
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?
“Who will purchase €275 billion of government debt Italy is to issue in 2019?”
But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.”
Italy’s anti-establishment government takes on EU establishment in a struggle that could have major ramifications for the monetary union.
“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.