U-BOOT

Italian banks being targeted. Some suspect the international financial speculation, other more malicious a German reaction to the positions a bit 'too autonomous Renzi. Perhaps more realistically came into play the fear of Italian investors who are not seen as protected the Italian Constitution provides and how it is undermined by the new rules of the European rescue. Huge flaws of the Italian credit management but now the so-called "bail in" (approved also from Italy) seems made to scare away investors and to just serve the efforts of the ECB without any real unified European policy.