July 21, 2016

Super Mario Ready To Bail Out Italia

Just in case the global financial crisis was a relic of the past, Italy decided to give us a fresh reminder that for some parts of the world, it ain’t over ’til it’s over. European Central Bank (ECB) Governor Mario Draghi, aka Super Mario, lent a hand to his Italian compatriot and Prime Minister Mateo Renzi by approving a public bailout of Italy’s crisis-ridden banks. The bailout will let banks offload bad loans without, hopefully, igniting a financial crisis. Italy has suffered from low-growth since the crisis, stoking a secessionist movement in the North and a left-wing movement run by former comedian Beppe Grillo. 

Yes, I want to sound marginally more intelligent: