SAVING ITALY BEFORE IT IS TOO LATE

SAVING ITALY BEFORE IT IS TOO LATE

  1. The Italian economy has been brought to an abrupt halt by the nationwide quarantine. As commercial activity has ceased in the world’s eighth-largest economy, the risk of a broader contagion may turn on how well Italy’s banks — long regarded as Europe’s weakest — withstand the test. Cash-strapped businesses and households may stop repaying their bank loans. At the same time, the government bonds that make up a big chunk of bank assets may lose value as Rome’s costly anti-crisis spending spooks investors.
Subscribe to RSS - SAVING ITALY BEFORE IT IS TOO LATE