Italy’s economy growth drops to ZERO as bank crisis grows…(Zombie Europe!)
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.
By LANA CLEMENTS
Express.co.uk
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
