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Tag Archives: italy
Italy Warns Sudden Collapse Of Alitalia Would Lead To “Great Shock” For The Economy
Italy Warns Sudden Collapse Of Alitalia Would Lead To “Great Shock” For The Economy That Italy has a bank solvency problem will not come as a surprise to anyone who has been following events in Europe for the past 7 years. Just yesterday, Italian daily La Stampa reported that four months after the third government […]
Trying to Save Monte Paschi – Oldest Bank in the World
Trying to Save Monte Paschi – Oldest Bank in the World The EU Commission is looking to bailout Monte Paschi by almost eliminating more than 5,000 jobs. The Monte Paschi plan that was presented last October called for 2600 layoffs. It is the oldest surviving bank in the world and the third largest Italian commercial and retail bank […]
Here’s Why Italy’s Banking Crisis Has Gone Off the Radar
Here’s Why Italy’s Banking Crisis Has Gone Off the Radar Just how many banks are insolvent? Turns out, a lot! But elections are coming up. For a country that is on the brink of a gargantuan public bailout of its toxic-loan riddled banking sector, or failing that, a full-blown financial crisis that could bring down […]
The Ever-Growing List of ADMITTED False Flag Attacks
The Ever-Growing List of ADMITTED False Flag Attacks Painting by Anthony Freda Presidents, Prime Ministers, Congressmen, Generals, Spooks, Soldiers and Police ADMIT to False Flag Terror In the following instances, officials in the government which carried out the attack (or seriously proposed an attack) admit to it, either orally, in writing, or through photographs or videos: (1) Japanese […]
The Globalists Strike Back With A Major Push Toward A Cashless Society
The Globalists Strike Back With A Major Push Toward A Cashless Society Their agenda may be on the rocks in the United States at the moment, but that doesn’t mean that the globalists are giving up. In fact, a major push toward a cashless society is being made in the European Union right now. Last May […]
Italy’s Banking Crisis Is Even Worse Than We Thought
Italy’s Banking Crisis Is Even Worse Than We Thought The insider blame game has begun. In this late winter of generalized discontent, it is not easy to pinpoint just where the biggest threat to Europe’s increasingly flimsy union lies, so intense is the competition. One obvious contender is the Eurozone’s third largest economy, Italy, which […]
Italy Increasingly Likely to Abandon the Euro
Italy Increasingly Likely to Abandon the Euro An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country. The only missing ingredient is an early election. And early elections are now the odds-on favorite. Let’s back up a bit to fill in the pieces as to how […]
The Italian Banking Crisis: No Free Lunch – Or Is There?
The Italian Banking Crisis: No Free Lunch – Or Is There? It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.” But UK Prof. Richard Werner says the magic bullet is just being ignored. On […]
UBS Warns: Spain’s “Most Italian Bank” Runs Out of Options
UBS Warns: Spain’s “Most Italian Bank” Runs Out of Options The bank-bailout business rages on. During the first week of 2017, Spain’s “most Italian bank”, Banco Popular, got off to a flying start as its stock outperformed all other major Spanish banks. By Jan 5th its shares had even crossed the €1-line for the first […]
Who Exactly Benefits from Italy’s Ballooning Bank Bailout?
Who Exactly Benefits from Italy’s Ballooning Bank Bailout? Italy’s third largest bank, Monte dei Paschi di Siena, is not insolvent, according to the ECB; it just has “serious liquidity issues.” It’s a line that has already been heard a thousand times, in countless tongues, since some of the world’s largest banks became the world’s biggest public […]
Bank Bailout Balloons, Tab for Italian Banking Crisis Soars
Bank Bailout Balloons, Tab for Italian Banking Crisis Soars Monte dei Paschi di Siena sinks deeper into the mire. Over the Christmas holidays, when no one was supposed to pay attention, and when the markets were closed, the bailout costs of Monte dei Paschi di Siena, the third largest bank in Italy, and the center […]
Forget Monte Paschi, Italy May Have A Far Bigger Problem
Forget Monte Paschi, Italy May Have A Far Bigger Problem While the metaphorical ‘earthquake’ of a systemic banking crisis is coming to a head, it appears Italy may have a far more existential problem on its hands. As The Independent reports, one of the world’s most dangerous supervolcanoes is showing signs of reawakening under the Italian city […]
Italy To Nationalize Monte Paschi After Private Sector Rescue Fails
Italy To Nationalize Monte Paschi After Private Sector Rescue Fails Update: the FT writes that the Italian govt set to take a stake between 50% and 70% in Monte dei Paschi, up from the current 4% stake, as part of the government’s third bailout in as many years. As the FT adds, “the government rescue, which had long […]
Why Italy’s Banking Crisis is Spiraling to Heck
Why Italy’s Banking Crisis is Spiraling to Heck €4.8 billion window-dressing to cover a growing €360 billion hole Things have got so serious in Italy that the only two things propping up the country’s crumbling banking sector — apart from the last few remaining crumbs of public faith in the system — are two inadequately capitalized bad […]
