Monte dei Paschi insolvent the third time in three years. One hopes the bozos in the Easy-B get the message by now, but that's obviously not the case:

As Italian daily Corriere della Sera reported on Friday, Italy is in last-gasp negotiations with the European Commission over the terms of a state bailout of MPS. The taxpayer funded-rescue has already been requested and could be launched as early as next week, “if needed” (ha!).

It would just mean having to apply the rules “with greater flexibility,” sources told Reuters. It’s a beautiful way of saying “break the iron-clad rules we ourselves created to prevent such a possibility.”

lol, the Germans and Franks are retarded if they don't think this is Greece 2.0 on steroids.