The European financial establishment is prepared to destroy the banking system and cause the Italian economy to implode. Like a Mafia boss, Dijsselbloem warned that Italy could run into trouble if it does not comply with Brussels' directives. Of course, his statement was cloaked in diplomatic language:
"If the Italian crisis becomes a major crisis, it will mainly implode into the Italian economy … as opposed to spreading around Europe," he said.
"Because of the way that the Italian economy and the Italian banks are financed, it's going to be an implosion rather than an explosion."