hisah wrote:What timing? 
Their Italian counterparts are weighed down by NPL's to the tune of $409 billion. If you work out NPL/GDP it is scary to say the least,there is no new lending being done. Simply, they are stuck in a rut.
If they choose to go the bail-in way as prescribed by the EU this will be way worse than Cyprus and Greece combined. The pace at which their politicos set up a bailout fund says a lot about the crisis level.
The main purpose of the stock market is to make fools of as many people as possible.