Italy’s Prime Minister, Matteo Renzi, fired shots at Germany’s financial EU hegemony when, during a joint news conference with Swedish Prime Minister Stefan Lofven, said:“If this non-performing loan problem is worth one, the question of derivatives at other banks, at big banks, is worth one hundred. This is the ratio: one to one hundred.”
Renzi was referring to the massive, trillions of derivatives Deutsche Bank is carrying on its books. According to Renzi, Italy may have issues, but “other” European banks have much bigger problems.…The Duran
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Alex Christoforou
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