The Italian financial meltdown that we have been waiting for has finally arrived. For quite a long time I have been warning my readers to watch Italy, and now people are starting to understand why.

Italian banking stocks continued their collapse for a fifth consecutive day on Wednesday, and nervous Italians are beginning to quietly pull large amounts of money out of the banks.

In particular, Monte dei Paschi is a complete and utter basket case at this point.

http://etfdailynews.com/2016/01/21/a-run-on-the-banks-begins-in-italy-as-italian-banking-stocks-collapse/

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