You're right. Especially Italy has a problem

TomK

Interesting point about Swiss banks.  As you know, Switzerland is outside the EU but has numerous mutually beneficial deals; however the EU is trying to rebalance those deals their way.  The issues in Swiss banking need to be seen in this light, imv, esp given southern europe's banks are effectively bankrupt without ECB bond buying...

shado_op

The Rise Of The European Superstate

They are panicking now after the dutch elections. It's a political earthquake. Watch how they are gaslighting the markets over their interest rate policy: we stay high for longer (meanwhile buying gov bonds all over the place). And then there is this cootdinated media attack on UBS. Same playbook we saw with CS earlier this year. Swiss banks belong to tje Fed system geopolitically. This won't end well