Decisive Brexit Referendum: What Happens Next? Part 3: Bust Banks, Banksters, & Bailouts

In Analysis by Michael Rae

[See Part 1 Here and Part 2 Here]

A lot has happened since my last posting on the June 23rd Brexit vote. A new government in the UK, the petition for a new referendum vote has been exposed as a scam, most markets have stabilized as anticipated and the Labour Party civil war over its leader’s leadership—or lack thereof, depending on your point of view—is deepening.[1] Yet the interesting developments are overseas. The one that immediately matters is the reaction of European banks’ share prices, which fell sharply.[2] The focus immediately switched to Italy: Italian banks’ share prices had fallen 20 to

Read more at The Independent Institute