Italian Banks Getting Dumped For The Second Straight Day Since Europe Was "Saved"

david michelangelo italy

Photo: commons.wikimedia.org

Italian banks are a pretty good proxy for risk of further Eurozone contagion, and for the second straight day since Europe’s big bailout, they’re falling.Banca Popolare di Milano Scarl is off over 4%.

UniCredit, the really big one that everyone watch, is is off 2.5%.

Meanwhile, short-term yields are noticeably higher, as they race back up towards 4%.

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