Home » News/Views » Eurozone stagnation in Italy

Eurozone stagnation in Italy

Italy’s GDP is up by only 0.8 per cent on last year. In this year’s second quarter, there was no growth at all. Banks’ bad debts total 360 billion euros, 18 per cent of all bank loans, double the rate of 2011. New EU rules say bondholders must take losses first, meaning that Italian families hold 46 per cent of the losses for Italian bank shareholders. A May poll found 48 per cent want Italy to leave the EU.