By Bill Blain of Mint Parnters
"The Braavosi have a saying too. The Iron Bank will have its due....”
One of the things that’s been niggling me for years has been the question of just how unfixed the European banking sector is.
This morning I’ve attached a note my associate Ben Stheeman and I have put together on Non-Performing Loans (NPLs) in Second Tier European Banking. It’s a simple look at the publically available numbers.
Via GEFIRA.org,
The following article is based on Francesca Totolo’s research published on lucadonadel.it.
Open Borders, Media Censorship
Two weeks after Italy reacted with anger to Austria's deployment of troops and armored vehicles to the border between the two nations, while reactivating border controls at the Brenner Pass over concerns that Italy will be unable to handle the roughly 85,000 migrants and refugees who have entered the country so far in 2017, the Italian government has threatened to retaliate in way that assures an imminent migrant crisis as well as an escalation of tensions between the two EU nations.
The liberal facade behind Europe's grand refugee acceptance experiment took a big hit on Friday, when Italy's Former Prime Minister Matteo Renzi, and head of the ruling Democratic Party, said his country does not have "any moral duty to take in migrants", sharply toughening his stance over surging numbers of asylum seekers. His U-Turn follows that of Angela Merkel, who infamously accepted nearly 1 million mostly Syrian refugees in 2015, only to see a surge in terrorist attacks across Germany and Europe, and a plunge in her popularity as a result of an angry social backlash
Authored by Mike Shedlock via MishTalk.com,
In Europe, where it is essentially taboo to publicly discuss anything deemed politically incorrect, some interesting conversations are taking place in the Italian parliament regarding the future of Italy in the eurozone.
Via email, Eurointelligence asks Is Italy heading for debt restructuring or euro exit?