Why a Full-Blown Banking Crisis Is Inevitable

Italy is on the verge of a massive banking crisis.

You’ve probably heard that Italian banks are in serious trouble. They’re sitting on more than €360 billion worth of non-performing loans (NPL). These are loans where the borrower has stopped paying.

According to Bloomberg, the NPL ratio for five of Italy’s biggest banks is more than double that of the average European bank.

• Italian bank stocks have also nosedived this year…

UniCredit, Italy’s biggest bank, is down more than 45%.… [Continue reading...]