This is a comprehensive breakdown of what’s happening in Italy right now. I go through several factors which highlight some of the issues plaguing Italy at this time. Do you think there will be more bank failures and more bailouts?
This was inevitable. Italy is now in a recession. Of course we’ve seen this happen before. Italy is no stranger to recessions in the past that’s for sure. However, we have seen unprecedented levels of stimulus this time around and still it hasn’t been able to push Italy above water. Multiple banks have received a bailout and the memories of 2008 are ignored across the ocean in the U.S. Failure will come to all those in debt.
Italy’s Rulers Have a Serious Problem – BNN Bloomberg
Banca Carige shows that Italy remains master of the bank bailout
Italy tumbles into recession as eurozone suffers slowest growth since the debt crisis
Italy is back in recession, and Germany might not be far behind
The ECB Will Have To Mutualize All Sovereign Debt To Prevent An EU Breakup
An Italian exit ‘could require the biggest bank recapitalization ever’
Italian Industry Slump Worsens Outlook for Economy in Recession – BNN Bloomberg
European Debt Crisis Fast Facts – CNN