Italian Banks-Crash is Coming

[Pab]

What will be next week,crash on Italian Banks is coming,it can be a trigger for crash on markets
similar like in 2008
http://www.reuters.com/article/us-eurozone-banks-italy-montepaschi-excl-idUSKBN13Y1H0?il=0

Maybe that is a reason of btc price rise

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[Red Fish]

Italy is large country, banks can not crash so simple there. Italy is third largest in EU, and Italian economy is connected with whole EU countries. Plus banks in Italy is under EU central bank supervision. Check Italian economy details here https://en.wikipedia.org/wiki/Italy#Economy.

[chesatochi]

I think this could be one possibility of the rising price of the bitcoin. I don't know what is going to happen with this nice country, we see a lot of stories with the title Italexit recently.

I am going to follow this story much closely.

[bitbunnny]

If this realy happens that would also affect italian banks branches in my country, including my too. But somehow I think they will manage to avoid this crash and no big deal will happen.
This might influence the bi price too but at the moment some other things on the market are more influental.

[severaldetails]

I don't think that is going to happen.
That is a risk the european governments and the EZB will not take, despite everything they say in advance.
Letting those banks crash would be the same as ending the Euro, and everybody knows that.
And that is why the EZB pumps every month 80 billions into the market to buy bad credits.
If that won't help they will take other measures, but they will not let those banks fall.

[Loganota]

I think the rise of Bitcoin is coming because of a general concern around the world, about the country's economy, I think another crisis is not far off.

[Ayers]

i don't see the connection between the increase in value of bitcoin and this, like there was no conenction with the same thing and brexit, italy is not that big to cause some major trouble in europe and their position is not worse than greece, who in the end condoned

Italy is large country, banks can not crash so simple there. Italy is third largest in EU, and Italian economy is connected with whole EU countries. Plus banks in Italy is under EU central bank supervision. Check Italian economy details here https://en.wikipedia.org/wiki/Italy#Economy.

this is only true because Draghi is a important person among the central european bank, if it was not for me it would count much less as a country for EURO

[eternalgloom]

The Italian government will most likely bail them out, it even says so in the article.
I really doubt this will have any significant effect on Bitcoin to be honest.

[Berns]

The Italian government will most likely bail them out, it even says so in the article.
I really doubt this will have any significant effect on Bitcoin to be honest.

I am also confident that the government will not allow that the bank has ceased to exist. It will take measures to save this financial institution

[rally]

What will be next week,crash on Italian Banks is coming,it can be a trigger for crash on markets
similar like in 2008
http://www.reuters.com/article/us-eurozone-banks-italy-montepaschi-excl-idUSKBN13Y1H0?il=0

Maybe that is a reason of btc price rise

There seems indeed a few banks in Italy with problems. I hope the new government will take measures to solve the problem. If not, we go to the same crisis as in 2008. If one banks goes down, it mostly brings a few other in big problems too. That should be very bad news espcially for europe but also for other countries all over the world. I don't think that a crash by a bank or some banks doesn't have an influence on the BTC price.

[Pab]

It is complicated,EBC told no,that s fear,so now or Italians will launch gov bailout by using tax peyers money,it is no more permited by EU legilation or thay will have to launch bail-in and use shareholders and bonds holders money,
in the backgrond we have political crisis in Italy and risng popularity of anti eu movments

today monte paschi stock wentdown 16% uni credito 7% down
look for all of that more in common with social and political movements in EU.It is enough for people to experience crisis caused by stupid,corupted politician in Brusseles.It is a way of european people thinking

[ArdiPrabowo]

Italy is large country, banks can not crash so simple there. Italy is third largest in EU, and Italian economy is connected with whole EU countries. Plus banks in Italy is under EU central bank supervision. Check Italian economy details here https://en.wikipedia.org/wiki/Italy#Economy.

you not hear in last week
about italy referendum, italy get out to EU is win
same is england, italy out EU, so next bank in italy not under EU central bank again and not get support supervision

[yayayo]

Most often, crashes are not happening when everyone is expecting them. Italian banks are junk for sure. So are many other banks all across Europe. It's no longer the question if, but only when one of them will collapse.

When this happens, rest assured that the taxpayers will be forced to rescue all failed banks. The Central banks will intervene with freshly printed money and governments will decide to re-capitalize them. That's the world in which we live. It's on the brink of collapse, but everything is done to let the scheme run just a little longer...

ya.ya.yo!

[CroIsBest]

Maybe it is but it is good that bitcoin is growing faster that is important in whole story and we are happy because bitcoin price goin up so fast and faster and faster.

[Pab]

The most popular slogan on both side of ocean is change and new begining
EBC help,thay can give Italy loans and after do what thay did with Greece
Problem with printed money is that thay dont exist,you cant withdraw them at atm,you cant pay them for job,etc,thay dont rally exist,whan everybody are saying it will not happens it will happens
Imagine run people run on banks in Italy,and what same like in Greece,where peopl can get 400 euro a month fromhis bank accout,almost 40%of unenployment between young people in Italy
no retirement money in Spain,The same in Portugal
Nobody take care banks people want to have good life

[aesma]

i don't see the connection between the increase in value of bitcoin and this, like there was no conenction with the same thing and brexit, italy is not that big to cause some major trouble in europe and their position is not worse than greece, who in the end condoned

Yes Italy is that big, 7 times bigger than Greece economically, the third economy in the EU27.

[propcorn]

wow, I never ear that Italy is with trouble too, looks like all EU is doomed.... I think we will have another crash, much more worse that the 2008, dont know if it will italy, but all major countrys are in trouble

[Xester]

This is just another shocking news. There are many banks in different countries that are also suffering from crisis and are reported to undergo recession. But this one an Italian bank from Europe, this is possibly a sign that soon crypto currency will take over and a cashless society will born.

But I am seeing another scenario, it is possible that banks will purchase bitcoin in huge amount and hold it. Then they will print paper bitcoin money that is equivalent to the amount of bitcoin they have in their treasury that way banks could survive amidst crisis.

[Yakamoto]

The banks are probably going to experience a lot of bad news over the next few week,s but I don't know if there is actually going to be anything happening anytime soon.

If anything, a bailout is expected, like all other impending pieces of economic doom. There will likely be very little to come out of this, and it is doubtful there will be many lasting effects until the next total collapse (like 2008).

[angeldsouza]

That was really a decent post. I like to no more about the coming Italian bank crash. Thank you so much for this post.