Theresa May has warned global business leaders that they must reform or face a surge in far-right and far-left populism.
As the saying goes, insanity is doing the same thing over and over again and expecting a different result. On this basis, those responsible for regulating the global banking and financial system should be locked up in an asylum.
Italy’s parliament has approved a €20 billion plan to prop up the banking system but the decision did little to ease fears about cash-strapped Monte dei Paschi di Siena, the country’s oldest and third largest bank.