Italy Too Big To Fail? Banks, Bad Debt and Bailouts.

[WhatInThe]

Italy now on the verge of a banking collapse and in need of a bailout. A huge amount of debt not being paid back. Now discussion of a banking bailout/rescue and EU ties and possible contributions.

http://www.telegraph.co.uk/business...g-crisis-will-shake-the-eurozone-to-its-core/

The EU wants a strict budget from Italy.

http://www.marketwatch.com/story/eu-warns-italy-spain-against-2017-spending-plans-2016-11-16

Another exit from the EU?

 

[Ray]

As I recall, that was predicted years ago when they talked about the PIGS (Portugal, Italy, Greece, and Spain).

 

[WhatInThe]

As I recall, that was predicted years ago when they talked about the PIGS (Portugal, Italy, Greece, and Spain).

Big election in Italy I guess with the membership in the EU at stake. You recall correctly. The PIGS have been a concern for the last decade.

From 2010

http://www.cnbc.com/id/34844547