Editorial Board

A Fix for Italy's Banks Can't Wait

The last thing Europe needs is another worsening crisis.

The ECB has some questions for you.

Photographer: Alessia Pierdomenico/Bloomberg

In recent years, Europe has grown accustomed to financial panic -- but the latest scare wasn't about Greece or Cyprus or Ireland. The cause for alarm was Italy's troubled banks. In case you'd forgotten, Italy is the European Union's fourth-biggest economy.

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