By F. William Engdahl
September 02, 2019
Unusual remarks and actions by the outgoing head of the Bank of England and other central banking insiders strongly...
By Barbara G. Ellis, Ph.D.
August 08, 2018
The Federal Reserve’s recent undermining of the Volcker Rule brings depositors closer than ever to a Cyprus-style “bail-in”...
A spectre is haunting Europe – the spectre of banking collapses in Italy, which could lead to renewed crisis in the eurozone, and a wider banking crisis affecting other countries with high exposure to Italian bank debt. Italy’s banks are in deep trouble, weighed down by €360bn of bad debt (“non-performing loans” in the jargon), equivalent to a fifth of Italy’s GDP (and about 18% of all the banks’ loans).