say the No vote is going to win. Where most of Southern Europe that belongs to the Euro, are in trouble with their economies, where interest rates etc have always been set to suit Germany, unlike the other southern states Italy's economy is too big to bailout.
8 Italian banks are in big trouble and have been kept afloat so far through various Italian Goverment, ECB including their Italian head Mario Draghi shenanigans, where a Government bailout, isn't actually a bailout!
Since Cyprus, share and bond holders are mean't to be bailed in first. Now here Italy has a massive miss-selling problem along the lines of a phone call from your bank as you have life savings earning less than 1%. We can offer a much better rate for your savings, do you want us to send you the forms to transfer to a higher rate? Yes please. Sign the forms where marked and return to me and we will do the rest. You have just signed up to transfer your life savings from a €100k Government guarantee account into bank bonds or shares. Many have already made losses by being bailed-in 90-95% in some cases. This is now likely to become 100% for the 8 banks in trouble. The weaker ones, without Italian Government and ECB support are likely to still go bust. I hope we have triggered Article 50 BEFORE we are called upon to help with the support Gordon McRuin signed us up for.
The further bad news is that even if we duck McRuin's bail-ins another EU economic crisis will affect us and our exports. I won't cheer you up further by listing the other EU banks that are also in intensive care, but that does include UK's RBS.