Could Italy set off a European Banking Crisis?
2,365 views · Published 6 December 2016 · 7:01 · Indexed 6 November 2026
Channel: The 2% Brief · 2016 · People & Blogs
http://illuminatisilver.com http://facebook.com/illuminatisilver Could Italy set off a European Banking Crisis? Today is Tuesday 6th December 2016 and we are briefly addressing the question – could Italy set off a European Banking Crisis? So how bad is the situation? Well, Italy's banks have an estimated €360bn worth of contaminated loans with limited easily realizable security on their books that for years they have been trying to restructure. UniCredit, the country's biggest and most important lender, has been looking to raise as much as €13bn in fresh capital and offload €20bn in bad debts. Most vulnerable is Banca Monte dei Paschi di Siena, the world's oldest bank and Italy's third largest, which has the most bruised balance sheet and which requires at least €5bn. Unicredit, for example, owns Hypovereinsbank Germany's fourth or fifth largest bank. Banca Nazionale del Lavoro, Italy's eighth largest lender, is owned by BNP Paribas, France's biggest bank, while Cariparma, the country's 11th largest lender, is owned by Credit Agricole, another French bank. Deutsche Bank, Germany's largest bank, also has a substantial Italian subsidiary. It is certainly going to be a nervous time for market-watchers and investors. Nevertheless we do not believe this is going to spark the much heralded crisis many would have you believe. The SHTF scenario is extremely unlikely. The end of banks as we know it is not going to occur in 2016 nor do we believe in 2017 for that matter – there are plenty of contingency plans in place to smooth over these problems at least for the time being. We do however see it as another obstacle for the EU to get over and another incentive to increase the momentum for those opposed to the Euro. Please view our recent videos: Renzi Resigns - End of Europe? - How does Gold and Silver React? https://youtu.be/tnmv1EQC6rc What is the Gold to Silver Ratio and why is it important? https://youtu.be/0GBKnBDV3K4 Why Silver may outshine Gold in 2017 https://youtu.be/uQuirIkQ3bE Illuminati Silver 2016 Competition Update https://youtu.be/lRVLc07sRxI Gold and Silver Update w/e 2nd December 2016 https://youtu.be/umsN65DhPgc 2016 Competition for our Gold and Silver forecasters https://youtu.be/zQGmH6eE8aE OPEC Agrees To Cut Production - Oil rises - Gold and Silver falls https://youtu.be/rI2-Onvm_Bs The Case for $10,000 Gold https://youtu.be/GQsu5UuV6V0 ECB warns of political uncertainty risk to Eurozone https://youtu.be/jS46tUAe9co Our Motivation for this channel – illuminati silver explains https://youtu.be/UrJjc1_xhvs India – The Laboratory Test for a Cashless Society https://youtu.be/Is3v3pcnM0o
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