Why’s France so Worried about Italy’s Showdown with Brussels? The French Megabanks Are On The Hook
By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. France was just served with a stark reminder of an inconvenient truth: €277 billion of Italian government debt — the equivalent of 14% of French GDP — is owed to French banks. Given that Italy’s government is currently locked in an existential blinking match with both … Read more