Saving Italy’s Banks Means Missing Public Debt Target Once Again
- 20 billion-euro debt boost may push ratio to GDP to about 134%
- Debt-cut target, missed in 2016, had been reiterated for 2017
The Lingering Problem of Monte Paschi and Italian Banks
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Italian governments may come and go, but the debts they have to deal with just keep mounting.
Next year will probably bring more of the same with a new reason: the possible last-ditch rescue of Banca Monte dei Paschi di Siena SpA, the country’s third-biggest bank, as well as other troubled banks.