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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


http://www.dailymail.co.uk/news/arti...ank-brink.html


A view of the main facade of Monte dei Paschi di Siena, the oldest
bank in the world
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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 .


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Old 12-29-2016, 11:43 AM   #3
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Capital shortfall increased to $9Billion
http://mobile.reuters.com/article/ou.../idUSKBN14I17F
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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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Old 06-02-2017, 12:13 PM   #5
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Regulators Warn Banco Popular, Spain's 6th largest, May Fail
https://www.ft.com/content/daedaad3-...1-57e02f86d46c
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Old 06-07-2017, 08:10 AM   #6
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Banco Popular failed this morning. Equity and bond holders wiped out, but deposits protected. Bank transferred to Santander for 1Euro.
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Old 06-07-2017, 07:13 PM   #7
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Re Banco Popular ( Spain ) .

At what point will a chain reaction of bank collapses begin .

Quite soon I suspect .

I think the Spanish were very wise not to bail-in depositors . Nothing
is more terrifying to the herd than government facilitated immoral
theft of their wealth .

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