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.
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https://ec.europa.eu/eurostat/documents/2995521/9539637/2-31012019-AP-EN.pdf/fead6e91-cd7f-4654-b5d7-81fef584772d
Italy’s Rulers Have a Serious Problem - BNN Bloomberg
https://www.bnnbloomberg.ca/italy-s-rulers-have-a-serious-problem-1.1207646
Banca Carige shows that Italy remains master of the bank bailout
https://outline.com/kLHz8k
Italy tumbles into recession as eurozone suffers slowest growth since the debt crisis
https://www.telegraph.co.uk/business/2019/01/31/italy-tumbles-recession-eurozone-suffers-slowest-growth-since/
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Italy is back in recession, and Germany might not be far behind
https://outline.com/uRjq7y
The ECB Will Have To Mutualize All Sovereign Debt To Prevent An EU Breakup
https://www.forbes.com/sites/johnmauldin/2018/06/11/the-ecb-will-have-to-mutualize-all-sovereign-debt-to-prevent-an-eu-breakup/#7e2fb453db98
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An Italian exit 'could require the biggest bank recapitalization ever'
https://www.cnbc.com/2018/09/07/an-italian-exit-could-require-the-biggest-bank-recapitalization-ever.html
Italian Industry Slump Worsens Outlook for Economy in Recession - BNN Bloomberg
https://www.bnnbloomberg.ca/italian-industry-slump-worsens-outlook-for-economy-in-recession-1.1207691
European Debt Crisis Fast Facts - CNN
https://www.cnn.com/2013/07/27/world/europe/european-debt-crisis-fast-facts/index.html
https://www.bloomberg.com/opinion/articles/2018-08-23/italy-s-debt-drama-gets-worse-in-four-charts
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