Relevant:
- European Banking System on Verge of Collapse; Market Votes "No Confidence" in Italian Bank Rescue
- Interesting WikiLeaks Regarding Mervyn King and Bank of England at Height of Crisis; Global Banking System Insolvent Then, Still Insolvent Now
- Italian Bank Runs (BAIL-INS+DELINQUENT DEBT=CONTAGION!!)
- Why S&P Isn’t Downgrading Spain or Italy
- Spain Marches Toward a Depression
2017-07-30 — silverdoctors.com
``Italy, Greece, Spain, Portugal, and Ireland have a combined €606 billion in non-performing loans. The entire European banking system is over-leveraged, under-capitalized, and propped up by QE from the ECB. Simply put, the EU banking system is insolvent.''
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