Libya Revolt Helped Stop Italy Bank Collapse

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Ed Conway
Sky News
August 24, 2011

Trade in shares of Italy’s largest bank has been suspended – as it emerges that events in Libya have helped prevent a collapse of the Italian banking system.

UniCredit’s share price has plunged in the past month because of market fears over eurozone debt – and now share dealing has been halted due to volatility.

Although it may sound far-fetched, the Libyan revolution of the past six months may have saved it and other Italian banks amid the crisis.

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This article was posted: Wednesday, August 24, 2011 at 2:44 pm







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