Korelin Economics Report

Investor Fears Spike – Italy and E.U. on “collision course” over Banks?

As we have been discussing even pre-Brexit, Europe’s banking system remains a shambles. In this article from Wolf Richter’s web site, you can read the startling details about how Italian P.M. Renzi faces the Hobson’s choice of either rebelling against the E.U. in order to rescue his country’s insolvent banks. . .or risk letting them go under!

Read at : http://wolfstreet.com/2016/07/04/investor-fears-spike-italy-europe-inch-closer-to-doomsday-scenario-bank-run-dei-paschi-unicredit/

Exit mobile version