Italian banking crisis looms

Media reported in July 2016 on the troubling situation of the banking sector in Italy. According to reports, a mountain of bad debts and a lack of capital reserves were fueling the Italian banking crisis, bringing more problems for the country's prime minister, Matteo Renzi.

• Primary Source

EUObserver, 08.07.16: A €45bn headache for Italy https://euobserver.com/beyond-brussels/134251

The Wall Street Journal, 07.07.16: Italy’s Desperate Banks http://www.wsj.com/articles/italys-desperate-banks-1467933635

Deutsche Welle, 07.07.16: Inside Europe: Will Italian banks break Europe? http://dw.com/p/1JLDs

The Economist, 09.07.16: The Italian job http://www.economist.com/news/leaders/21701756-italys-teetering-banks-will-be-europes-next-crisis-italian-job

The New York Times, 06.07.16: Italy’s Plan for Banks Could Roil Europe http://www.nytimes.com/2016/07/07/business/dealbook/italys-plan-for-banks-could-roil-europe.html

Bloomberg, 06.07.16: Italy-EU Bank Rescue Talks Said Stuck Over Burden Sharing http://www.bloomberg.com/news/articles/2016-07-06/italy-eu-bank-talks-said-stuck-on-sharing-burden-with-investors

BBC News, 04.07.16: Italy's Monte dei Paschi di Siena bank hit by loan fears http://www.bbc.co.uk/news/business-36701274

Deutsche Welle, 04.07.16: Italian banks battered after ECB warns MPS about bad loans http://dw.com/p/1JJ0b

The Local.it, 04.07.16: Brexit-spooked investors fret over Italy's debt-laden banks http://www.thelocal.it/20160704/brexit-spooked-investors-fret-over-debt-laden-italian-banks

The Local.it, 06.07.16: World's oldest bank could become EU's newest problem http://www.thelocal.it/20160706/worlds-oldest-bank-could-become-europes-newest-problem

ESO: Background information: Italy launches €5 billion fund to help weaker banks http://www.europeansources.info/record/italy-launches-e5-billion-fund-to-help-weaker-banks/

Euro|Topics: Debates, July 2016: Rome's plan to save banks with tax money http://www.eurotopics.net/en/162328/rome-s-plan-to-save-banks-with-tax-money

The Economist, 09.07.16: Italian banks. Crisis and opportunity http://www.economist.com/news/finance-and-economics/21701755-brexit-vote-has-sideswiped-italys-banksand-testing-europes-new-rules

The Local.it, 12.07.16: Italy's banking woes won't cause eurozone crisis: Merkel http://www.thelocal.it/20160712/merkel-sees-no-eurozone-crisis-developing-over-italys-banks

The Local.it, 11.07.16: Eurogroup chief plays down Italy's banking woes http://www.thelocal.it/20160711/eurogroup-chief-plays-down-italys-banking-woes

Blog: LSE EuroppBlog, 15.07.16: Europe’s next headache: Italy’s banking crisis http://bit.ly/29BdJXb

The Guardian, 15.07.16: EU finance ministers get tough with Italian bank trying for third bailout https://www.theguardian.com/business/2016/jul/15/eu-finance-ministers-get-tough-with-italian-bank-trying-for-third-bailout

The Guardian, 10.05.16: Quiet crisis: why battle to prop up Italy's banks is vital to EU stability https://www.theguardian.com/world/2016/may/10/battle-prop-up-italy-banks-eu-brexit-grexit-bad-loans

The Conversation, 12.07.16: How Brexit opened up the Pandora’s box of Italy’s banking malaise https://theconversation.com/how-brexit-opened-up-the-pandoras-box-of-italys-banking-malaise-62329

Politico, 20.07.16: Europe’s next crisis is Renzi and the banks http://www.politico.eu/article/europes-and-matteo-renzis-italian-problem/

EUObserver, 20.07.16: Court ruling puts Renzi bank plan in doubt https://euobserver.com/economic/134423

ESO: Background information: Why Italy might be the next big threat to the EU's future http://www.europeansources.info/record/why-italy-might-be-the-next-big-threat-to-the-eus-future/

ESO: Background information: Judgment in Case C-526/14 Tadej Kotnik and Others v Državni zbor Republike Slovenije http://www.europeansources.info/record/judgment-in-case-c-526-14-tadej-kotnik-and-others-v-drzavni-zbor-republike-slovenije/

EurActiv, 27.07.16: EU readies contingency plan for possible Monte Paschi wind down http://www.euractiv.com/section/euro-finance/news/eu-readies-contingency-plan-for-possible-monte-paschi-wind-down/

The Local.it, 30.07.16: Italy's BMPS worst performer in EU bank stress tests http://www.thelocal.it/20160730/italys-bmps-worst-performer-in-eu-bank-stress-tests

Deutsche Welle, 30.07.16: A new start needed for Italy's banks? http://dw.com/p/1JZ58

ESO: Background information: EBA publishes 2016 EU-wide stress test results http://www.europeansources.info/record/eba-publishes-2016-eu-wide-stress-test-results/

Social Europe, 30.09.16: The Italian Non-performing Loans Problem And Europe https://www.socialeurope.eu/2016/09/italian-npl-problem-europe/

Blog: LSE EuroppBlog, 22.11.16: Watch Italy’s referendum for potential banking problems http://bit.ly/2f2ko45

---