Mises Wire
Author:
Joseph T. Salerno
Online Publish Date:
As several articles over the past few days have indicated ( here , here , here and here ), Italy is on the brink of a full-blown banking crisis. Bad debts, or “non-performing loans,” held by the banking sector total 360 billion euros, which is a remarkable 17 percent of all the outstanding bank loans in Italy and equal to about one-fifth of the