Saving Italy’s banks
FT Alphaville » Italy 2016-07-14
Summary:
How long has the Italian banking system been in trouble? Seriously? Why has no-one supposedly in charge come up with a proper plan?
Instead, Italian bank stocks ping around, up and down every day, like penny dreadfuls reacting to the latest speculation of a political fix or some sort of blind eye treatment from Brussels. Witness Unicredit — up 14 per cent or so at pixel, having previously fallen by a third over the preceding three weeks as the latest stage of this eight-year-old crisis has intensified:
