Less Than 24 Hours Before UniCredit Admits The Truth

Well, I knew it would be the case but I expected that my post of yesterday would take at least 24 hours before proving to be correct!

Reuters is now reporting on a high level meeting in Italy where UniCredit has asked for a cash injection from the government.

So why would Alessandro Profumo profess the Italian banking sector to be in such good shape?

Ridiculous but unfortunately, very Italian.

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