Published: Thursday, 21 July 2016 09:29
Written by Antoni Soy
The problems of the Italian banking system have been public knowledge for quite some time, but since Brexit it seems that these problems have worsened with Italian banks having suffered a dramatic decline in their value on the stock market and the oldest bank in the world and Italy’s third-largest lender, the Banca Monte dei Paschi di Siena, facing serious troubles. As The Economist put it, "another, potentially more dangerous, financial menace looms on the other side of the Channel—as Italy’s wobbly lenders teeter on the brink of a banking crisis". This is a concern shared by other economic newspapers, such as the Financial Times or the Wall Street Journal , and world leading media.
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