Watch out - here comes the Italian bank disaster...

[morecoffee12]

www.ft.com/cms/s/0/e3b53640-4108-11e6-9b66-0712b3873ae1.html#axzz4DRlcXTYF

[scaryteacher]

That's been rumbling for weeks....should prove interesting.

[Shiningexample]

it's behind a paywall:(
can you paste it here?

[morecoffee12]

I can't cut and paste for copyright but here's another take on it that says much the same:

www.zerohedge.com/news/2016-07-03/we-wont-be-lectured-italys-renzi-defy-brussels-over-banking-bailout

www.zerohedge.com/news/2016-06-30/european-commission-grants-italy-crisis-%E2%82%AC150bn-bank-bailout-program-prevent-run-depo

www.theguardian.com/world/2016/may/10/battle-prop-up-italy-banks-eu-brexit-grexit-bad-loans

[Shiningexample]

thanks :)

[Shiningexample]

currencies and banking
just a big old clusterfuck