InvestorsHub Logo
Followers 325
Posts 20157
Boards Moderated 5
Alias Born 12/15/2012

Re: None

Wednesday, 12/07/2016 4:20:07 PM

Wednesday, December 07, 2016 4:20:07 PM

Post# of 6921
#USLV Why is Silver going up?..----->


http://www.zerohedge.com/news/2016-12-07/italy-threatens-ecb-blackmail-demands-more-time-monte-paschi-rescue



Now, according to the FT, we learn that Rome is demanding the ECB give it more time to rescue the third largest Italian bank. That was to be expected, what is surprising, however, is that as the FT adds, Italy is "preparing to blame the bank for losses imposed on bondholders if Rome is forced into an urgent state bailout", a negotiating tactic some could call blackmail.