Italy’s non-performing loans (NPLs) then stood at €210bn, at a time when the ECB was buying €120bn per year of outstanding Italian government bonds as part of its QE program. The July 2016 Financial Times quoted Goldman’s Francesco Garzarelli, who said, “by the time QE is over – not sooner than end 2017, on our baseline scenario – around a fifth of Italy’s public debt will be sitting on the Bank of Italy’s balance sheet.”
In order to commemorate the 500th anniversary of Columbus’s invasion of the Americas, in early 1992 I was asked by the Organizers of the International Tribunal of Indigenous Peoples and Oppressed Nations in the U.S.A. to serve as Special Prosecutor of the United States of America for committing international crimes against Indigenous Peoples, People of Color, and Oppressed Nationalities, including and especially Puerto Rico and the Puerto Ricans.
