Eu banks are crashing,it is coming from Italian banks,thay are holding 360bln of toxic unpaid credits,much more than in 2008,some italian bankers are asking Mario Draghi to give permission for ball-out
EU banks index went down to level from begining of 2009,italian regulators baned short selling on some italian banks stock
Situation is very similar to that from 2008,
So what now,Ball-out is oficially not permited by EBC,but most of banks are to big to fail
It is much bigger than Brexit,imagine no money in italian money machines,and capital control like in Greece
Interesting to see it and what will happen?Although I think Italy economy has much less power and effect to world economy comapred to us banks that their bad performance lead to 2008 crisis but it is surprising to see what happens.
