“There will be control. You’re right. You’re completely right. We are considering whether for very small amounts, you know, anything that is around 300, 400 €, we could have a mechanism where there is zero control. But that could be dangerous…
Casino Aficionados Will Have a Busy Day…
Bank moves made to stave off financial crisis…
This Just in – Western Nation Central Banks Organize to Provide Daily Liquidity of Dollars in the Event of Contagion Bank Collapse…
This is rather remarkable and tells us something about the current status of the “western” financial system. The last sentence in today’s announcement from the FED is particularly laughable…
Italy Gets a New Prime Minister, But Not Yet a New Government, Let Alone a New Banking System…
The consequences of former Prime Minister’s Matteo Renzi’s failed referendum roll on. Italy now has a new Prime Minister, Paolo Gentiloni, who has been asked to form a new government. Assuming he can do so, one of his first tasks will be to rescue — however this is to be done — the “struggling” Italian […]