Monday, July 11, 2016

IMF Warns Of "Global Contagion" From An Italian Bank Crisis; Forecasts Two-Decade Long Recession

Italy’s finance minister, Pier Carlo Padoan, vows there is not banking crisis.

Still, all of this may be moot if various unconfirmed rumors of Italian cashless ATMs end up being true. What is most troubling, however, if past is prologue is the desperate plea by Italy's finance minister, Pier Carlo Padoan, to restore some confidence in Italy's banks .... http://www.zerohedge.com