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Old 12-22-2016, 03:42 PM   #1
A.T. Hagan
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Default Italy's banking system may need £50BILLION from country's government if it is to stave off collapse

with world's oldest bank on brink

Ministers have already lined up a £17billion bailout package to stay afloat
Despite the massive boost, there are still fears the billions will not be enough
Comes as bank Monte de Paschi di Siena prepares for taxpayer support


A view of the main facade of Monte dei Paschi di Siena, the oldest
bank in the world
Chance favors the prepared mind.
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Old 12-24-2016, 12:19 AM   #2
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Let it die .

Why should future generations of ordinary people be left holding
billion$ of debt generated by bank owners and their managers .

All paper is a short position on gold . “Gold is money. Everything else is credit.”

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Last edited by Ross; 12-24-2016 at 12:41 AM.
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Old 12-29-2016, 11:43 AM   #3
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Capital shortfall increased to $9Billion
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Old 12-29-2016, 12:22 PM   #4
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Why would they need British Pounds ?

Why does a newspaper try to explain a foreign economic implication in the countries native currency and not the original currency ?

Almost everyone in UK know the Pound/Euro exchnge rate
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banking, collapse, country, government, italy, stave, system, £50billion

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