It is game over for 2 Italian Banks, Banca Popolare di Vicenza en Veneto Banca
According to the European Central Bank they have been incapable of coming up with a proper solution to solve their insolvent situation.
The ECB decided to pull the plug on them and expects these banks to be dismantled under Italian Insolvency laws.
Just 2 weeks ago the Spanish Banco Popular was about to collapse.
The European Single Resolution Board decided not to come to their rescue. Game over.
The Italian government has tried to prevent this, because many of their creditors will end up empty handed. Among them quite some private individuals who fall victim of the very same banks selling bad debts without proper information to the buyers of these bad debt packages.
Banks no longer are safe to keep your capital. Crypto currencies is the smart and wise alternative.
Spread the word, since main stream media still tells the people that banks are doing much better than before.
Sure, keep on dreaming!