Up To Eight Italian Banks May Fail If Renzi Loses Referendum

Monday, November 28, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Nov 28, 2016

Just as we were concluding our write up on the return of Europe’s solvency crisis, the FT reported that said crisis may be just around the corner because as many as eight of Italy’s troubled banks “risk failing” if prime minister Renzi loses next weekend’s constitutional referendum and ensuing market turbulence deters investors from recapitalizing them, citing senior bankers.

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