11101
Full Member
- Joined
- Aug 26, 2014
- Messages
- 21,554
The question is whether the creditors can afford to have the income cut off. They're going to have their own overheads and their own debt to service. They're part of a global economy, if they have creditors in Germany, China, US ect then there is no chance they will be afforded the same luxury.
I wonder if the Italian government is somehow able to step in and force creditors to delay debt repayments from institutions on Italian soil, or at least cover them temporarily. Not good for a credit rating but i think everybody secretly knows they're also going to be in these shoes soon.