If Ukraine has a future, it won't be a good one.
(twitter.com)
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It all depends on Italy.
Can their government cut the deficit and can their banks survive what's coming.
UniCredit is regarded as a "systematically important bank" to the EU's continued existence. If it fails, it takes the entire Italian banking system with it and confidence in the banks to zero.
The first failure of a "systematically important bank" will kill the entire European Union.