Re:Why Italy Could Be the Epicenter of the Next Financial Cr...
by alanfranzoni on Sunday October 14, 2018 @07:32AM
(#18212422)
> Doesn't this false dichotomy between "the Italian people" and "Financial institutions" bother you?
If I thought it to be a false dichotomy, probably. But (I can't find the link right now as I'm in hurry) as far as I remember when some italian banks were saved some years ago, something like the 80% of the amount of non-performing loans for such bank was composed of loans of 1 million euros or more. So, money that was borrowed by large companies or for very large houses (Yes, one million EUR is a luxury apartment or house in Italy, even in Milan or Rome). A lot of issues for financial institutions were not caused by small companies or "normal" people, and yet those are to bear the burden of saving those institutions.
> solving the issue with immigrants
> Doesn't this bother you even more?
I'm not saying it's correct. But this is a game they're playing.
As others have said, i think the EU by itself is interesting and should go on, but the euro seems an half-baked project. I think that each country should walk its way and have its liabilities. European countries are quite different from each others and would like to solve their problems in a different fashion, rather than following a path chosen by others.
If I thought it to be a false dichotomy, probably. But (I can't find the link right now as I'm in hurry) as far as I remember when some italian banks were saved some years ago, something like the 80% of the amount of non-performing loans for such bank was composed of loans of 1 million euros or more. So, money that was borrowed by large companies or for very large houses (Yes, one million EUR is a luxury apartment or house in Italy, even in Milan or Rome). A lot of issues for financial institutions were not caused by small companies or "normal" people, and yet those are to bear the burden of saving those institutions.
> solving the issue with immigrants > Doesn't this bother you even more?
I'm not saying it's correct. But this is a game they're playing.
As others have said, i think the EU by itself is interesting and should go on, but the euro seems an half-baked project. I think that each country should walk its way and have its liabilities. European countries are quite different from each others and would like to solve their problems in a different fashion, rather than following a path chosen by others.
My 2c.