RT @JanGold_: So Italian banks are crushed by NPLs but keep buying Italian sovereign debt. The banks go bust and the Italian gov bails them out, for which it has to issue more bonds, which are bought by the banks, but keep losing value, further detoriating the banks’ balance sheets. #DoomLoop https://t.co/BEpV4LJThx

So Italian banks are crushed by NPLs but keep buying Italian sovereign debt. The banks go bust and the Italian gov bails them out, for which it has to issue more bonds, which are bought by the banks, but keep losing value, further detoriating the banks’ balance sheets. #DoomLoop https://t.co/BEpV4LJThx

— Jan Nieuwenhuijs (@JanGold_) June 11, 2019

From @MasterFeed

June 11, 2019 at 02:46PM
via @MasterFeeds