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Tag: Eurozone crisis

Italian Bank Meltdown Strengthens Bitcoin’s Safe Haven Appeal

Category: Bitcoin, Commentary, News

Italian Bank Meltdown Strengthens Bitcoin’s Safe Haven Appeal

The Italian government has presented a crisis intervention or “bank rescue” for the world’s oldest surviving bank, Monte Paschi, which continues to scramble for cash to recapitalize. A proposed solution is to increase the public debt by as much as 20 billion euros, but this proposed amount does not even generate enough to keep the affected banks afloat. The deficiency…

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