Italian banks stricken by massive amounts of bad loans and falling shares are becoming a financial and political problem for PM Matteo Renzi and for the EU.
Source: A €45bn headache for ItalyFiled under: Eurozone crisis Tagged: Banking, finance capit…
Tag: finance capital
Parchment in the Fire: This is no recovery, this is a bubble – and it will burst | Ha-Joon Chang | Comment is free | The Guardian
This is no recovery, this is a bubble – and it will burst | Ha-Joon Chang | Comment is free | The Guardian. According to the stock market, the UK economy is in a boom. Not just any old boom, but a historic one. On 28 October 2013, the FTSE 100
Continue readingParchment in the Fire: The New Wave of Financial Instability
The New Wave of Financial Instability by MIKE WHITNEY Global stocks were hammered on Friday for a second straight day on news of a slowdown in China and turbulence in emerging markets. The Dow Jones Industrials suffered its worse drubbing in more than two years, tumbling 318 points on Friday
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