How many crises has Europe survived! It has become part of its DNA, turning sudden emergencies into future success. Will this be the outcome of the “Leave” vote on the old British dilemma of “to be or not to be” European?
Italy’s financial markets are roiled this morning by the UK’s surprise decision to leave the European Union. Milan stocks were unable to set prices because losses exceeded the exchange’s 10% trading band, with the index down a theoretical 14%. BTP-bund spreads widened to 170 basis points
The prime minister invited the leaders of the country’s biggest energy companies to meet at Palazzo Chigi (pictured) where he announced the new commitment of his government to support the sector and the domestic market
In the meantime, however, according to some reports, a possible second sale of another NPL portfolio valued at about €220 million (and composed mainly of real estate and hotel guarantees) has come to a standstill
He will remain for three days in the troubled heart of Caucasus, where Christianity was marked one hundred years ago by martyrdom as almost two million Christians were slaughtered by Young Ottoman Turks, Carlo Marroni writes
A message was reiterated multiple times ahead of yesterday’s UK referendum on EU membership. Central banks are ready. In past financial emergencies, central banks were always the first institutions to be hit. As a result, they have developed an array of tools, already tested by more severe crises than the one that could develop if the Brexit vote wins