PART 1.
https://steemit.com/investments/@jackal/welcome-to-the-world-financial-crisis-why-markets-could-collapse-at-any-moment-part-1
Next "DOMINO".
The banking crisis in Italy there was no accident. After the 2008 crisis, the Bank of Italy gradually building up greater and greater credit mass in which the share of "bad" debt rose to 20% in recent years.
As the graph shows, the percentage of bad debts bad Italian banks rose to 12% of GDP by the end of 2015, while the GDP growth declined steadily. At the moment, there are no objective economic assessment of actions of the Italian banks, which have argued that these actions were fraudulent or irresponsible. Yet, when GDP growth is reduced by 25%, even the most conservative banks will have serious problems. Business is ruined, and no one to repay debts. In 2016, the share of "bad" debts left over 20% of GDP.
Italy - the fourth country in Europe in terms of GDP and is one of the weakest (Greece only weaker). The national debt is more than 130% of GDP. Unemployment - a little lower than in Greece, the total portfolio of non-performing loans exceeded $ 400 billion is obvious that the banking system will require significant assistance, which the federal government is not there.. In the best case, using different tricks, banks will be able to "razrulit" up to 40% of non-performing loans, but it is obvious that it is almost impossible.
Not surprisingly, the wind blew literate investors - shares of banks are in death throes, and from the ECB reach a completely unequivocal signals - save yourself, the aid money is not, under the laws of the European Union, adopted after the collapse of 2008, depositors strip the last.