They got two huge problems! Number one their banks are about to go under!
The EU Banking System Could Begin to Unravel as Italian Banks Are on the Brink
Number two they can't get rid of the thousands of illegal immigrants that walked into the country because MERKEL and the POPE says they can't send them back!
Milan Overrun by ‘Invasion’ Of Thousands Of Immigrants
Can the globalist bankers keep the EU from imploding till they get past the US election on 11/8 ? It's beginning to look like no!
Countries like Italy and Greece depend heavily on tourism dollars which are now starting to dry up because nobody wants to spend their vacation getting attacked by roving bands of violent "refugees"!
The only way the Italians can save their country is to leave the EU! They need to start moving that forward now before the banks fail not after!
Italy Leads Surge in European Bad Bank Loan Sales
Aug 11, 2016 7:31 AM EDT
Increased loan sales were led by activity in Italy and Central and Eastern Europe during the first half, with €14.4 billion of deals completing during the period and €47.2 billion still progressing through the pipeline for both regions. Italy alone accounted for nearly half of total deal value, with €52 billion of completed or in-progress sales at the end of the period.
"European financial institutions will continue to deleverage further as they tackle c. €2 trillion of non-core and non-performing assets." Deloitte predicted.
On July 29, the EBA stress tests showed Monte dei Paschi imploding under the regulator's so-called adverse scenario.
All of the bank's regulatory capital was wiped out in the test but concerns had been rife surrounding the bank for some time and, late on the same evening, it announced a third rescue package within the past three years.
Keep an eye on this bank for a possible "bail in"
Banca Monte dei Paschi di Siena
BIT: BMPS - Aug 11, 5:38 PM GMT
0.25 EUR Price increase 0.00 (0.24%)
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