Banca Monte Dei Paschi is currently Italy's 3rd largest bank. It needs a $5 billion dollar bailout but Private investors won't step up. Government is hoping that by loaning it $2 billion that Private Investors will step up for the other 3. Already the Italian Treasury owns 4% of Banca Dei Paschi but at this point if they loan more money they will be a controlling shareholder which at that point they would nationalize the bank. The European Banks are all toxic. From Deutsche Bank all the way to Credit Suisse. Stay away from the Euro, it will eventually either collapse or become a communistic regime. 1 or the other.
Submitted December 09, 2016 at 10:15AM by 500pagesaday http://ift.tt/2giM9kl
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