Italian Banks’ Bad Loans Seen Rising as Gridlock Hampers Growth

Italian Banks’ Bad Loans Seen Rising as Gridlock Hampers Growth

Alessia Pierdomenico/Bloomberg

Elderly men sit and talk on a bench in a cobbled square in Ariccia, Italy. The Italian economy contracted 2.2 percent in 2012 and is expected to shrink 1 percent this year, the Bank of Italy estimates.