We’ve had Grexit (though it will probably be back), and Brexit. Now we have the Atlante fund and possible Italian exit!
July 3, 2016, Deutsche Bank is quoted, “while UK politics has dominated headlines for the last few weeks it feels like the health of Italian Banks could well takeover in the near term.” (Source: Italian Banks Crumble) The Italian banks are insolvent and Italian and EU authorities are running around scheming up new ways to throw money at them. Why new ways? Because Europe has already maxed out the legal limits.
So watch for a soon coming post titled, “Atlante is Sinking!”