Banks bailed out again... this time in Italy

[Loki]

This is preposterous in my opinion. Anti-capitalist, to the extreme.

[JohnSmith]

This is preposterous in my opinion. Anti-capitalist, to the extreme.

I have been monitoring the Italian banking issues for years. Italy still has a massive amount of non-performing loans on the books. The economy for years has barely grown going through recession after recession and this is severely affecting confidence for the banking system of the country.

It also does not help that Italian demographics are decreasing especially in a country that is quite protectionist and has a large population that are reliant on a bloated Pension system for the older population. For this type of Pension system to work you need young workers to replace and support the older pensioners. Italy does not have the young workers needed to sustain their economy. They are racking up debt to maintain it; we will see how long investors stick around in the bond market. They fled Greece years ago making things much worse.