The same was true of several other major Italian banks. Cleaning up balance sheetsSince 2016, increasing efforts have been made to clean up the balance sheets of Italian banks. I don’t see a banking crisis in Italy at the moment,” he told DW in an interview. A few weeks ago, Genoa’s Banca Carige became the latest Italian bank to barely avoid having to admit bankruptcy. Italy’s state debtAnother issue for Italy’s economy is that the cumulative debt of the national government is rather high.

Source: Indian Express March 02, 2018 16:41 UTC