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It was back on January 17, 2018 when I issued my first warning about Italy. I stated, "It is impossible to know how this would exactly play out, but serious political risk is once again on the table for Italy, and the entire European Union construct, as a possible result of the Italian electio...
The following slide deck was published by Banca Monte Dei Paschi S.p.a. ADR in conjunction with their 2018 Q1 earnings Read more ...
O tempora! O mores! Oh, the times! Oh, the manners! - Cicero I turn, once again, to the home of the Roman Empire. It was a nation that shook the world by dominating a Continent and then, centuries later, by losing it. In their recent election, between the party on the left, and the g...
Brussels, of course, will tell you that everything is just fine. The sky is blue, the sun is out, and the rosebuds are about to bloom. Don't believe them. The European Union is festering. On March 4, the Italian elections will take place. Their banking system, as exemplified by Monte Dei Pas...