Italian banking crisis

MILAN, ITALY - NOVEMBER 17: The flags of Italy and the European Union are displayed on November 17, 2011 in Milan, Italy. Italy's new Prime Minister Mario Monti unveiled the country's new government yesterday, November 16, as the country steps up efforts to avoid being dragged further into the euro …

Italy Passes Austerity Package After EU Threatens Penalties

ROME (AFP) – Italy’s debt-burdened government approved a package of economic reforms Tuesday designed to cut 3.4 billion euros from its deficit this year, Prime Minister Paolo Gentiloni said, following pressure from Brussels.


Regret of Italian PM As Referendum Defeat Looms

Italian Prime Minister Matteo Renzi says that he regrets making the constitutional referendum too personal and about his government as polls show he may be heading for defeat.

The new 50 EURO banknote is presented at the European Central Bank, ECB in Frankfurt/Main, Germany, on July 5, 2016. / AFP / DANIEL ROLAND (Photo credit should read DANIEL ROLAND/AFP/Getty Images)

Analysts Fear Looming Italian Bank Failure

As if the immigration crisis and ever more strained relationship with Brussels weren’t enough, now Italians have to face the specter of a major bank failure that analysts say could utterly cripple Italy’s financial structure.