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Renzi's High Stakes Poker: Europe Holds Its Breath Ahead of Italian Vote

Spiegel Wednesday, 30 November 2016
Renzi's High Stakes Poker: Europe Holds Its Breath Ahead of Italian VoteItalian Prime Minister Matteo Renzi may be facing defeat in a game of high-stakes poker with the electorate. If the Dec. 4 constitutional referendum fails, there are dark clouds on the horizon for Europe's future. The country is in poor economic shape and financial markets are alarmed.
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Source: euronews (in English) - < > Embed

News video: Italian banks face sluggish response on cash calls as capital crisis looms

Italian banks face sluggish response on cash calls as capital crisis looms 01:40

Loan writedowns and bad debts, plus a lasting hangover from the financial crisis mean Italy’s banks are on the edge of a precipice. Provisions to cover liabilities on “unlikely to pay” and past due debt are less than half of those set aside for bad debt, limiting the freedom of the banks to get...

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