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2018-05-22

Italy The bond markets have woken up to the enormity of what is happening

a country that cannot be easily crushed into submission “à la Grecque”, 

and that is big enough to destroy monetary union.


The Bundesbank’s Target2 credits to the ECB system - mostly to Italy and Spain - are €927bn and rising.

Ambrose Evans-Pritchard 21 May 2018

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