Up To Eight Italian Banks May Fail If Renzi Loses Referendum

Just as we were concluding our write up on the return of Europe’s solvency crisis, facilitated by Donald Trump’s NATO funding demands and the end of the ECB’s unprecedented can kicking exercise, the FT reported that 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.
This particular rather adverse outcome is captured by the lower-right, glowing red box in the Danske Research flowchart shown below

This post was published at Zero Hedge on Nov 27, 2016.

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