Extend and pretend

[Avarus]

Quite a readable little article on Italy's banks - another crisis looms (one every few months) as depositors quietly withdraw money

Bondholders are at risk, but if they lose out the banks will be hit by legal action for misselling

http://www.banksitaly.com/will-the-next ... alys-banks

Almost nine years after 2008 and many countries still haven't grappled with their debt/bad banks. The only solution - just pile up more debt and print more money