I hate this headline. It's not an actual bank. It's a storage facility that provides financial products to the producers of PR who need a steady cashflow for day to day operations and can't afford to wait until the cheese wheels are mature and ready to be sold. So the storage place provides this steady cashflow with the cheese as collatoral basically.
With Europe's recent heatwaves the facilities that store these wheels are struggling to keep the wheels at the right temperature to make sure they mature right. If they lose the wheels, they lose their collatoral and the whole thing runs the risk of collapsing.
This headline implies that Italy's banks deal solely in cheese which, even though it would be very funny, is just ludicrous. It's clickbait nonsense really.
Dear fellow Americans, please stop producing parmesan cheese. You are driving inflation in Italy and directly devaluating their currency. This may be seen as an act of economic warfare.
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