2016-12-09www.davidmcwilliams.ie

So 2017 will be the year the British leave the EU, the year Italian banks go bust and Italy's new government is headed for the first time ever by people who want to break up the euro, and it could be the year that Le Pen wins in France.

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It was announced yesterday that Banca Monte dei Paschi di Siena, the world's oldest bank and the third largest lender in Italy, will be bailed out by the government this weekend.

This is the beginning. In fact, the Italian State may well have fired the gun for capital to leave the country and head to Germany.

Contagion will spread to France and it is against this background that France will host its presidential election.



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