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Italy’s teetering banks will be Europe’s next crisis
11–20 of 240 posts
Re: Italy’s teetering banks will be Europe’s next crisis
#12It's all hearsay...but, an inlaw (wife's uncle) who passed recently had a lot to say about his native greece, the work ethic, and why he decided to stay in Germany (he and his wife did have a place in Greece).
Those stories over the years dovetailed almost word for word with former colleagues who actually moved to Milan and other places in Italy to work.
Personally, the US approach to work is kinda backward as are other areas, balance should be most important. But, the article and stories I've heard over the last 10 years just ring a bit. I know this is about banks, but the larger culture is at play -- just like in the US, Enron, Lehman, etc. were extremes of those values we espouse.
Re: Italy’s teetering banks will be Europe’s next crisis
#13Earlier quoted context omitted.
You're saying that cover is insulting to clowns? Having lived most of the past 15 years in Italy, I think a lot of the criticism is justified.
What do you think the likelihood is of a run on Italian banks? I'm curious if you're average Italian citizen is aware of what a supposed bail in would subject depositors to (anything above a certain euro amount would be wiped out, such that occurred in Cyprus as one of the links in this thread notes).
The limit is 100k Euro. There is a fund to save deposits under 100k if a bank collapses. The problem is that there is no enough money to save every single depositor under 100k if enough banks are in trouble. That in Italy and everywhere else.
Re: Italy’s teetering banks will be Europe’s next crisis
#14Earlier quoted context omitted.
If not Italy, what do you think would be Europe's next couple economic crisis countries?
Here in EU, ironically, the talk these weeks is about German Banks... yeah, I too was surprised. https://www.theguardian.com/business/2016/feb/10/deutsche-ba...
Agreed. February, when your article was published, isn't these weeks though.
Re: Italy’s teetering banks will be Europe’s next crisis
#15Banks have enough cash to cover 20% of their obligations. I think that is not that bad.
Re: Italy’s teetering banks will be Europe’s next crisis
#16The Economist has often badmouthed Italy. The title is way too sensationalist. The comment section also highlights this ethnic bias. I will never forget their insulting cover from years ago: http://static.fanpage.it/socialmediafanpage/wp-content/uploa... . Just clickbaits and provocations.
There's just been three digs at Berlusconi on the NA cover (plus another on the EU cover that wasn't on the NA cover that I'm aware of)--one of which was nothing more than an addition on the bill of bailouts of Eastern Europe saying "Silvio to go (if only)".
In 1998 alone, there are 5 digs at Clinton over the Monica Lewinsky scandal. Three in 2000 at Bush, and several more over the course of the presidency (to be fair, Bush kinda was an easy target for this sort of stuff)--and they endorsed him. Vladimir Putin has also been a sore point for them (Vlad the Impaler all the way back in 2003? I'd forgotten Putin's been around that long...). The 2008 Super Tuesday issue had Mike Huckabee shaking hands with a pig in a field of mud.
That's not counting the number of world leaders or potential world leaders they hate... which tends to round to about all of them. The Economist doesn't try to represent facts neutrally, but rather finds something to criticize about everything (even things they like, usually because it's not as far as could be gone) to exhort people to do what they think people should be doing.
Sure, Berlusconi has had it a lot, but that's because he's the rare example of a (to them) incompetent leader actually gaining power and keeping it for a long time. If someone like Trump or Le Pen or Farage were to be elected, you'd see equally, possibly more, relentless negative coverage of them. Hell, they're still appalled that Trump actually won the nomination.
Re: Italy’s teetering banks will be Europe’s next crisis
#17Euro is nothing but a https://en.wikipedia.org/wiki/Confidence_trick
Re: Italy’s teetering banks will be Europe’s next crisis
#18Oh noes a bank is in trouble? Well not to worry, tax payers will gladly bail it out, while the bankers collect their bonuses and leave "for the next big challenge". Fuck I love banking.
Re: Italy’s teetering banks will be Europe’s next crisis
#19Euro is nothing but a https://en.wikipedia.org/wiki/Confidence_trick
The whole western bank system is a confidence trick. Never head off fractional-reserve ? https://en.wikipedia.org/wiki/Fractional-reserve_banking
Re: Italy’s teetering banks will be Europe’s next crisis
#20Earlier quoted context omitted.
Here in EU, ironically, the talk these weeks is about German Banks... yeah, I too was surprised. https://www.theguardian.com/business/2016/feb/10/deutsche-ba...
Agreed. February, when your article was published, isn't these weeks though.
My bad, I just linked the first article I found. They are talking about it a lot in the news in TV, especially after Brexit