TLAXCALA تلاكسكالا Τλαξκάλα Тлакскала la red internacional de traductores por la diversidad lingüística le réseau international des traducteurs pour la diversité linguistique the international network of translators for linguistic diversity الشبكة العالمية للمترجمين من اجل التنويع اللغوي das internationale Übersetzernetzwerk für sprachliche Vielfalt a rede internacional de tradutores pela diversidade linguística la rete internazionale di traduttori per la diversità linguistica la xarxa internacional dels traductors per a la diversitat lingüística översättarnas internationella nätverk för språklig mångfald شبکه بین المللی مترجمین خواهان حفظ تنوع گویش το διεθνής δίκτυο των μεταφραστών για τη γλωσσική ποικιλία международная сеть переводчиков языкового разнообразия Aẓeḍḍa n yemsuqqlen i lmend n uṭṭuqqet n yilsawen dilsel çeşitlilik için uluslararası çevirmen ağı la internacia reto de tradukistoj por la lingva diverso

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EUROPE / Italy's €17bn bank crisis is the fruit of unworkable EU policies
Date of publication at Tlaxcala: 03/07/2017
Translations available: Italiano 

Italy's €17bn bank crisis is the fruit of unworkable EU policies

Ambrose Evans-Pritchard

 

Italy’s long-simmering banking crisis has erupted again. The emergency plan to wind down two Venetian lenders at a cost of up to €17bn is a fiasco of the first order.

While the Italians have let the crisis fester, the underlying cause is the unworkable policy regime imposed by the EU authorities themselves.

Had Brussels and Frankfurt let Italy nationalise Veneto Banca and Banca Popolare di Vicenza on flexible terms two years ago, the crisis could have been contained with less damage to the Italian economy and at far lower cost to the state.

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Courtesy of The Telegraph
Source: http://www.telegraph.co.uk/business/2017/06/26/italys-17bn-bank-crisis-fruit-unworkable-eu-policies/
Publication date of original article: 26/06/2017
URL of this page : http://www.tlaxcala-int.org/article.asp?reference=20874

 

Tags: Italian bank crisisVeneto Banca Banca Popolare di VicenzaEuropean Central Bank (ECB)
 

 
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