Charting the collapse of a Bank .

TrickyTree83 · 12 July 2016 at 4:25PM

Alan_Brown wrote: »

The Eurozone's own rules prevent a bank bailout. They will be the architect of their own demise, hoisted on their own petard...

Quite right. Renzi is trying to circumvent the EU's own rules (they usually end up doing so in times like this) in order to bailout the Italian banks without impacting investors. Under the EU's rules investors are to take the hit first before a bailout can happen, however in Italy a large proportion of households are investors in the Italian banks which means that the populace would lose staggering amounts of money before having to contribute as a country to a bailout after having lost all their investments.

Looks like Renzi might get his way on this, the EU cannot be seen to be the farce it is. Breaking a rule of its own is far less humiliating that negotiating with the UK during an EU financial crisis.

michaels · 12 July 2016 at 4:33PM

So given that the 100k EUR 'guarantee' behind money in Italian banks is underwritten by the Italian govt, I have to say that I would put my money elsewhere even if I were an Italian.

And as for owning Italian bank bonds...not unless I was one of the vulture funds!

iantojones40 · 12 July 2016 at 5:55PM

merlingrey wrote: »

Theres nothing neoliberal about it, free market capitalism is about letting the markets decide the outcome without government (state) interference.

It's socialism not neo-liberal.

Neoliberalism is socialism for the banks, the corps and other wealthy entities.

luvpump · 13 July 2016 at 9:55PM

It seems to me that that all of the doom mongering about Brexit, was more about the effect it would have on the EUrozone, not so much the u.k, Brexit may well be the catalyst that sets it all off !

Crashy_Time · 13 July 2016 at 10:53PM

luvpump wrote: »

It seems to me that that all of the doom mongering about Brexit, was more about the effect it would have on the EUrozone, not so much the u.k, Brexit may well be the catalyst that sets it all off !

Let`s hope so.

Jack_Johnson_the_acorn · 13 July 2016 at 11:27PM

Crashy_Time wrote: »

Let`s hope so.

Tis the only hope you have left.... even then you wouldn't pass the affordability check.

mwpt · 13 July 2016 at 11:30PM

Crashy_Time wrote: »

Let`s hope so.

You never did get back to me about your plan for the future, depending on crash, stagnate or rise in property market. You only said you'd laugh at me (why?).

I'd be interested to hear if you're positioning yourself to buy at some stage and what sort of conditions will instigate that, or if you will never have any interest in owning a house in the UK?