X
GoldRepublic
GoldRepublic B.V
View

Gold investors tend to fear “bail-in” laws for banks, but it seems Italy cannot avoid a “bail-in” for its bankrupt banking system. Last month, I showed how delinquency rates are moving up in the Eurozone. However, most delinquencies are concentrated in the country of Italian prime minister Matteo Renzi. Matteo Renzi complained about the European bail-in law. And why wouldn’t anyone want to make an exception for the Italians? We will see that the concept of a bail-in is perfectly fine, but Renzi does not want a bail-in and has substantial leverage in negotiating a bailout of the bankrupt Italian banking system because of Brexit.

Why Are Gold Investors Averse to Bail-ins?

Newsletter

Sign up for our periodical newsletter to stay informed about the gold and silver markets and special offers.

AFM

GoldRepublic operates under license from the Dutch Authority for the Financial Markets (AFM),
Registration Number 12020650

This website uses cookies

By continuing to use this site you consent to the use of cookies. These are necessary for our site to work properly. For more information read our cookie policy and privacy policy.
Accept cookies