Tag Archives: troika takeover

Evans-Pritchard Argues that Banco Espirito Santo Was Bailed Out

City of London mouthpiece Ambrose Evans-Pritchard writes that the “rescue” of Portugal’s Banco Espirito Santo was a bail-out and not quite a bail-in, and that European officials backed off on bailing in all creditors and unsecured depositors by their new … Continue reading

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Getting Ready for the Great Italian Robbery

As Pier Luigi Bersani’s attempt to form a government seems doomed to fail, the thieves are getting ready for the Great Italian Robbery. Commerzbank called for a 15% levy on Italian deposits; Intesa Sanpaolo’s CEO announced a Troika takeover of … Continue reading

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