From a distance, Vicenza does not look like a city engulfed in turmoil. On the elegant Corso Andrea Palladio, named after the Renaissance architect whose work defines this city, a finely dressed woman clutches a Chanel handbag during her evening passeggiata. Locals sit back and enjoy their Campari spritz cocktails in the July heat. A black Maserati rolls slowly down the street. But this apparent serenity belies an ugly truth. The regions of Veneto, where Vicenza is located, and Tuscany are the epicentres of Italy’s banking crisis, which has cost citizens hundreds of millions of euros. Even the city’s mayor, ... (full story)
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What a mess is this? Quote
For waiter Francesco Bertolda, 43, the problem started two years ago, when a local BPV bank manager told him and his father that they would be eligible for financial assistance – loans for everything ranging from homes to cars and businesses – if they each bought a minimum of €6,000 in bank shares.
Today, the combined €12,000 investment is worthless.
Unquote.
Haha. That's a bribe or solicitation or whatever shady mafia word they use. So the country is in trouble. Who's surprised