Italy’s economy growth drops to ZERO as bank crisis grows…(Zombie Europe!)

Friday, August 12, 2016
By Paul Martin

ITALY’s economy ground to a complete halt in the second quarter of 2016 in a huge blow for the country’s embattled Prime Minster and his fragile banking sector.

Fri, Aug 12, 2016

Matteo Renzi pledged that financial growth would help to bring Italy’s debt-laden economy back from the brink of collapse.

But now it’s been revealed the country’s economy stagnated between April and June in the lowest quarterly growth figure since emerging from a three-year recession at the beginning of last year.

The eurozone’s third-largest economy is looking increasingly close to crisis as banks battle to stay afloat amid around £270billion of bad loans – a third of the eurozone’s total.

The leader is reportedly now set to beg Brussels to give him room put measures in place to prop up the economy.

The Rest…HERE

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