Italy, the EU, Banking & Systemic Risks Rising
Recent Italian political turmoil triggered telling volatility in stock markets globally, yet much is at stake regarding wider economic stability in this, a decade after the 2008 Global Financial Crisis. I.E. We’re not out of the woods yet from the debt-drenched mayhem of ten years ago, if you go by true, rather than assigned & advertised statistics, and the very nature of solvency for many institutions and thus political calm is all linked to delicately managed perception, rather than to core economic or certainly auditable financial fundamentals. Should opposition, euro-skeptic governments come to the fore in economically beleaguered nations such as Italy, the EU project would be threatened and, in turn, confidence in both systemically and systematically important mega-financial institutions would turn on a dime.
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