The SHOCKING graph that proves Portugal is gaining on Italy in the economic ‘DOOM LOOP’
PORTUGAL’S banks are catching up with Italy in terms of the so-called doom loop measure of fragility.
By LANA CLEMENTS
Express.co.uk
Wed, Aug 17, 2016
Italian banks have been struggling amid billions of pounds worth of bad loans, but it is also heavily exposed to debt issued by the government.
Portugal is rapidly getting itself into a similar position, according to Zerohedge.com.
Essentially, weak banks and financially weak governments are dragging each other down in the so-called doom loop.
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