Italy Just Bailed Out Another Failed Bank, May Use Pension Funds For Future Bank Rescues…(They’ll Use Pension Funds Here!)

by Tyler Durden
ZeroHedge.com
Jul 1, 2016

Overnight, yet another failed Italian bank was bailed out. As the FT reports overnight, Atlante, Italy’s privately backed €5bn bank bailout fund which was created in April to stem the threat of contagion from struggling lenders and whose assets turned out to be woefully inadequate, took control of Veneto Banca after a €1bn capital increase demanded by EU bank regulators attracted zero interest.

The Rest…HERE

This entry was posted on Friday, July 1st, 2016 at 11:52 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.