first, monty depass ki is indeed a zombie bank, and it has been for years. by some accounts, it's all pretty murky frankly. these guys have about 50 billion euros in non-performing loans. that's 38% of their loan bank. that's an unfathomable amount. in this kucountry, those number would have led to a seizure years ago by even the most brain dead of regulators. heck, a bank with 3.8% of loans not performing is pretty much incol vent. but 38%? i mean this one's a dead duck. it's been one since 2010. monty depass ki obviously is in much worse shape than italy's second largest bank, which is called uni credit because that one just completed a 13 billion euro rights offering, boosting capital while at the same time selling a huge book of bad loans. the radical actions taken by uni credit appear to have put that bank on much firmer footing, but i doernts think the same could be done at monty depass ki because their loans seem far more sour and their management less adept at dealing with its problems to put it politely. so there's no surprise factor to what's happe