Debt Crisis: Prepare for Lehmans Re-Run, Bank Official Warns, as Leaders Poised to Bail Out Spain and Italy
European leaders are poised to use two rescue funds to buy Spanish and Italian debts in a £600bn bail-out, as a Bank of England policy maker tells traders to prepare for a devastating…
Forget Three Months: Italy May Have Two Weeks Tops, As “It Already Is Where Spain Is Heading”
By Tyler Durden on 06/13/2012 08:05 -0400 http://www.zerohedge.com/news/forget-three-months-italy-may-have-two-weeks-tops-it-already-where-spain-heading Yesterday, Austrian finance minister Maria Fekter ruffled the unelected Italian PM’s feather by saying “forget Spain, Italy is next in the bailout line” – a statement which…
Italian Crisis: Monti Moves Swiftly to Put Digit in Derivatives Dyke
By John Ward http://hat4uk.wordpress.com/2012/03/16/italian-crisis-monti-moves-swiftly-to-put-digit-in-derivatives-dyke/ …but the bankers will simply never learn. Seven weeks ago, Morgan Stanley casually but smugly issued a release saying the banking firm had ‘divested itself of $3.4bn of Italian…
