TOO BIG TO BAIL: European Rescue Fund Can't Handle An Italian Crisis

gondola italy venice boat canal

Photo: Wikimedia Commons

The Italy hits keep on coming.The latest: According to Reuters, an ECB source is telling German newspaper Die Welt that the existing European Stability Mechanism isn’t large enough to handle an Italy bailout, and would need to be made much larger were Italy to go.

This is how it happens, folks. A little nervousness around the edges, a widening of yields, a loss of confidence in the finance minister and then boom: Leaks about Italy being too big to bail.

Click here for the story about how Italy got to be such a wreck >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

italy moneygame-us