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

TheWexfordInn

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#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.
 
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#99
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