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Tag Archives: bail-in
In a long interview with CNBC-TV, Italian Prime Minister Matteo Renzi said that his government will oppose a bail-in with all its force. In his broken English, Renzi said, “Italy is totally fighting for avoid bail-in because also soft bail-in … Continue reading
Police prepare for a protest outside the European Central Bank. May 31, 2013 (CC BY-SA 2.0) The European Banking Authority released the latest stress tests on the Euro banks at 10:00 PM Friday night, hoping to be able to … Continue reading
When the vampires start to donate blood, you know the whole system is dead. In a last minute maneuver announced this evening, an emergency rescue for Monte dei Paschi di Siena Bank (MPS) has been arranged, involving a consortium of … Continue reading
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Now not only Société Générale, but the British-German monster Deutsche Bank is demanding that the European Union suspend its “bail-in” rules and conduct a “European TARP” bank bailout to avert looming bank failures. Deutsche Bank chief economist David Folkerts-Landau, interviewed … Continue reading
Italian Prime Minister Matteo Renzi told reporters during a recent joint press conference with Swedish Prime Minister Stefan Lofven that, no matter how serious Italy’s banking problems are, they are dwarfed, by comparison, with Deutsche Bank. “If this non-performing loan … Continue reading
LaRouche: ‘We’ve Got to Help Germany—Without Sustaining a Stable German System, We Cannot Prevent War’
CC-SA Photo credit: Mohamed Yahya The trans-Atlantic financial system is at an imminent blowout point, and what’s happened just in the last day, Italian Prime Minister Renzi had made a statement during a joint press conference with the Swedish … Continue reading