For discussion, news, comments, questions and information about Crete & Greece.
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- Joined: Tue Nov 27, 2012 2:30 pm
- Location: Cheltenham and Kokkino Chorio
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- Joined: Mon Feb 05, 2007 7:38 pm
- Location: Kalyves
Well, Deutsche Bank is heavily involved with Monte-die-Peschi and is in big trouble if M-d-P fails. Merkel has said "No" to more taxpayer bail-outs in the EU so it's bail-in time 'cos the EZ can't let M-d-P fail as Deutsche would follow it down and the probability of that is a banking crisis much worse than the one in 2007/8 from which we're still suffering.
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- Location: Near Chania
Four much smaller banks have already failed in Italy this year. They resulted in pensioners committing suicide because they lost everything in the bail-in and couldn't face life. How many will kill themselves if they bail this one in? How many will be tolerated?
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