Reply to post: Re: Like a box of clowns being slowly immolated.

Japanese bank botched data migration, which somehow turned its ATMs into card-eating monsters

Blackjack Silver badge

Re: Like a box of clowns being slowly immolated.

Maybe they don't have ATM disasters but they were the ones behind the mortgage crisis. And when it comes to Italian banks, they would fall like flies if the government was not constantly rescuing them and allowing merges.

Also there has been bankruptcies lately:

https://wolfstreet.com/2020/10/16/extend-and-pretend-and-stimulus-caused-bankruptcies-to-plunge-in-germany-france-spain-now-central-banks-tell-banks-to-prepare-for-bankruptcy-surge/

And people are still crushing due to the housing bust, Corona only made things worse.

https://wolfstreet.com/2019/12/21/young-people-still-crushed-by-housing-bust-banking-economic-crisis-bank-of-spain/

And Italy... is basically a third world country that somehow exists as part of the eurozone. And yes is Italian banks that are the mayor problem. Well that and the government.

https://wolfstreet.com/2020/06/17/italy-once-again-on-the-eurozone-worry-list/

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