Here’s Why Italy’s Banking Crisis Has Gone Off the Radar

Italy's banking sector is circling the drain, so the EU authorities are keeping things mum until upcoming elections are over.  They know bad news from bankrupt banks will collapse the EU.

http://wolfstreet.com/2017/03/30/how-many-italian-banks-are-insolvent/#comment-78858

Italy's Northern League To Launch EU Referendum Campaign Next

And so it begins, as one domino falls after another in the euro zone.   The Euro experiment was doomed from the beginning.

http://www.zerohedge.com/news/2016-06-24/italys-northern-league-launch-eu-referendum-campaign-next

Greek Contagion

Speaking of contagion:

In Italy,
http://www.zerohedge.com/news/2015-06-29/greek-contagion-spreads-several-italian-bank-failed-open

In Puerto Rico,
http://www.zerohedge.com/news/2015-06-29/puerto-rico-bonds-are-collapsing

In Portugal,
http://www.zerohedge.com/news/2015-06-29/greek-contagion-uncontained-portugal-bond-risk-spikes-most-over-7-years

A Ton Of Gold Bricks: What Capital Flight Looks Like In Italy

http://www.zerohedge.com/news/2013-04-04/ton-gold-bricks-what-capital-flight-looks-italy

CEO Of Italy's Largest Bank Says Haircuts Of Uninsured Depositors "Acceptable", Should Become A Template

http://www.zerohedge.com/news/2013-04-04/ceo-italys-largest-bank-says-haircuts-uninsured-depositors-acceptable-should-become-

Italy Goes "Cyprus" On Sicilian Mafia, Seizes Record $1.7 Billion In Cash And Assets

http://www.zerohedge.com/news/2013-04-03/italy-goes-cyprus-sicilian-mafia-seizes-record-17-billion-cash-and-assets

Why We’re Ungovernable, Part 7: Italy Does Chaos With Style

http://dollarcollapse.com/politics-2/why-were-ungovernable-part-7-italy-does-chaos-with-style/

In hard times, “I buy gold” is Italy’s boom business

http://m.theglobeandmail.com/report-on-business/international-business/european-business/in-hard-times-i-buy-gold-is-italys-boom-business/article4489515/?service=mobile

“Since I was a child I remember that gold was given as a gift on various occasions and people used to say: ‘Put it aside’,” said Ivana Ciabatti, who represents gold– and silversmiths at employers’ lobby Confindustria.

“We used to laugh at it, but they turned out to be right. Many families are surviving thanks to this gold.”

Debt crisis: Spain and Italy to be bailed out in £600bn deal

Only 600 billion Euro?  And pundits are advising people to sell their gold?  lol

http://www.telegraph.co.uk/finance/financialcrisis/9343049/Debt-crisis-Spain-and-Italy-to-be-bailed-out-in-600bn-deal.html

I'll Hold Yours If You Hold Mine: The Italian Ponzi Comes Home

http://www.zerohedge.com/news/ill-hold-yours-if-you-hold-mine-italian-ponzi-comes-home

BNP Paribas Sold $2 Billion French Swap, EBA Says

http://www.bloomberg.com/news/2011-12-09/bnp-paribas-sold-2-billion-swap-protection-on-france-eba-says.html

“Some of this is trading rather than pure hedging,” said Gary Jenkins, head of fixed income at Evolution Securities Ltd. in London. “If European counties [sic] the size of France or Italy actually defaulted and triggered CDS, there would be total carnage and meltdown. It would be the end of the world, and at that stage it’s likely your counterparty would be the least of your worries.”

Farage: What gives you the right to dictate to the Italian people?

http://youtu.be/bdob6QRLRJU

Deutsche Bank on Europe: 'It's Not Inconceivable That We Could Be In Full Crisis Mode By The End Of This Week'

http://www.businessinsider.com/deutsche-bank-europe-could-be-in-full-crisis-mode-by-the-end-of-this-week-2011-11#ixzz1d8zFnE2I

Euro Plunges On Fitch Double Tap, Comments From Merkel

In another theater of the absurd example, there are analysts out there who are actually claiming they didn't see this coming:  the downgrading of Spanish and Italian sovereign debt by the credit ratings agencies.  Really? 

http://www.zerohedge.com/news/euro-plunges-fitch-double-tap-comments-merkel

http://www.zerohedge.com/news/and-spain-fitch-downgrades-spain-aa-aa-two-notch-cut-outlook-negative 

http://www.zerohedge.com/news/fitch-downgrades-italy-outlook-negative

The Vespa Has Crashed Into The Mountain: Italy Burning

http://www.zerohedge.com/news/vespa-has-crashed-mountain-italy-burning

EU calls emergency meeting as crisis stalks Italy

http://www.reuters.com/article/2011/07/10/us-eurozone-idUSTRE7691HM20110710

Spain's Icelandic Revolt; Protests Spread to Italy

As I said, protests would reach the shores of Spain and Italy.  France, you are next.  What do all these western countries have in common?  Uncontrollable debt.  The UK, Japan and the US are waiting in the wings.

http://globaleconomicanalysis.blogspot.com/2011/05/spains-icelandic-revolt-protests-spread.html

Berlusconi MP Caught Picking Out Hookers On iPad During No Confidence Vote

http://www.zerohedge.com/article/berlusconi-mp-caught-picking-out-hookers-ipad-during-no-confidence-vote

PIIG sovereign debt flow diagram

http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html?ref=weekinreview&utm_medium=email&utm_source=MyNewsletterBuilder&utm_content=trechairman108%40mac.com&utm_campaign=Guild+Global+Market+Commentary+1410308413&utm_term=The+New+York+Times+Europe+Web+of+Debt

Article:
http://www.nytimes.com/2010/05/02/weekinreview/02schwartz.html