View Full Version : The Parmalat Scandal-Will EUA Rules Allow Italy to Bail It Out?

01-02-2004, 08:46 AM
Just reading about the collapse of the parmalat milk empire..makes ENRON look like spare change! 12$ billion missing..and nobody knows to where! My question: given the strict monetary policy that Italy (as a EUA member) must adhere to, will the Italian government be able to bail the company out? Or, will parmalat be broken up and sold out?
I'm just glad I wasn't a shareholder or creditor..looks like none of these will get a cent!