Libya Revolt Helped Stop Italy Bank Collapse

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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3 Responses to “Libya Revolt Helped Stop Italy Bank Collapse”

  1. Proves banks are always winners when it comes to war.

  2. the same will happen with the turks.

    The turkish economie has started to tumble and because of that they will be the 1st to help attack syria.

  3. Oooh er missus ! well pardon me but I don`t know!.

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