Monte dei Paschi chief Fabrizio Viola agrees to step down – http://www.ft.com/cms/s/0/4763ba84-75ea-11e6-b60a-de4532d5ea35.html via @FT
More scares on the horizon, the root of the problem remains the same: firm decision not to complete the missing parts of the Euro governance. The end effect also is not changing, citizens will pay a price out of hisoric proportions (part of it is already coming).
Completing the governance of the Euro area would also help to manage inevitabile bancruptcies, acting as we are can only help in adding a new meaning to the word “Union” in the dictionary.
This failure will pass to history, its logic is still unknown as benefit are not visible.