Hot QUITALY-WATCH! Italy's EZ Banking crisis metastasises- Finance Minister reveals "EU NEAR COLLAPSE!"

TheWexfordInn

Donator
Premium Account
PI Member
Joined
Oct 30, 2015
Threads
2
Messages
2,699
Likes
2,956
#98
Whoever governs Italy will destroy the euro from within



Whoever governs Italy will destroy the euro from within
The ECB has in effect been covering the budget deficit for the last two years, accumulating €320bn of Italian bonds.
I thought that the Euro was supposed to bring in a new regime of financial prudence? Turns out Italy has only been artificially kept afloat by the ECB buying up a mountain of Italian bonds that no one else will touch with a barge pole.
 
OP
OP
Dublin 4

Dublin 4

Moderator
Moderator
Premium Account
Joined
Nov 21, 2015
Threads
1,165
Messages
20,570
Likes
15,702
#99
OP
OP
Dublin 4

Dublin 4

Moderator
Moderator
Premium Account
Joined
Nov 21, 2015
Threads
1,165
Messages
20,570
Likes
15,702
Top Bottom