Italian ATM's are being emptied, bank runs have begun
Updated
when stocks crash usually money parks in stocks , we really will not see anyone rushing to Italian government here as the trust levels are just not there, we will get there but not for some time. Retail participation is also at all time lows, with danger on the public side with smart money selling bonds and running to equities .
we are looking at government debt with Italian banks pushing the limits on finance. EZ has a crisis on its hands please see my related eurusd -0.55% charts to gain an understanding of what is going on behind the curtain.
we are looking at government debt with Italian banks pushing the limits on finance. EZ has a crisis on its hands please see my related eurusd -0.55% charts to gain an understanding of what is going on behind the curtain.
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