Editorial Board
The Opportunity in Italy's Banking Crisis
It may be Europe’s best chance yet to achieve a lasting solution to Italy’s financial woes — and even strengthen the union.
A turning point?
Photographer: Alessia Pierdomenico/BloombergThe imminent failure of Italy’s third-largest bank, Monte dei Paschi di Siena, is finally bringing the country’s long-festering banking crisis to the center of European leaders’ attention. This may be a blessing in disguise, offering the best chance yet to achieve a lasting solution -- and even strengthen the European Union.