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About 80 people were packed shoulder-to-shoulder on an escalator in Rome on Tuesday when the thing suddenly malfunctioned, lurched to…
View original post here: Run on Italy’s Third Largest Bank? Capital Controls or Bail-Ins Next? Why Take Chances?
Read the original: Europe Fears Bail-Ins: Capital Flight Intensifies in Italy, France, Spain; Are German Banks Safe?
The English version El Pais asks Is it time for Spain to address its plummeting birth rate? Figures from the National Statistics Institute (INS) show there was a peak in 1944, with 23 births per 1,000 inhabitants. But that number bottomed out in 1998 when only nine births per 1,000 were reported.“We have seen an incredible decline in the birth rate, which has been cut by half since 1975, and this trend is here to stay,†says Andrés, of the University of Palencia
Read the original: Capital Flight from Italy High and Rising
While the politicians are are scrambling to "save" Greece, please note Italy’s Non-Performing Loans Hit a New Record High . The real danger to the euro area probably doesn’t emanate from Greece, but from two of its heavyweights, namely France and Italy. A small note in the European press reminds us that all is not well in at least one of these countries, least of all with its banks (currently this is only a “page 16 storyâ€, but it has great potential to eventually move to the front page)
How Long Before Cash is Banned? Posted by Michael Shedlock at 12:42 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
I expect wins by Podemos in Spain and Syriza in Greece. An outright win by the 5 Star Movement in Italy is not out of the question. If you win, are you a fringe party?
See original article: Competing Views: Grexit Would Be "Lehman Squared" vs. No Problem; Where to Point the Finger When it…
Read more here: Snap Elections in Greece; 3-Year Bond Yield Tops 12%; Potential Cascade! Who Has the Upper Hand?