When unsure, blame the speculators:
- MARKET WATCHDOG SAYS REVIEWING TODAY'S BANK DECLINES
- CONSOB OFFICIAL: STOCKS PLUNGE IN PART DUE TO STOP-LOSS TRADES
- CONSOB OFFICIAL CAN'T RULE OUT MANIPULATION TRIGGERED DECLINES
- CONSOB OFFICIAL SPEAKS BY PHONE
Alternatively they are spot on, and someone is doing their darnedest to spread the contagion finally to the last PIIGSy.
As soon as CONSOB gets off the phone and releases and actual statement we will present it.