Italy needs to be handled with care
It can find a way out of its immediate crisis. But Italy’s long-term outlook is more worrying
DURING the worst days of the euro-zone debt crisis, the fear was that bond-market turmoil in places such as Greece and Spain would spread to Italy. The biggest debtor in Europe would be too big to bail out, so Grexit might lead to Italexit and the break-up of the euro. Now the attention is focused directly on Italy itself.
This article appeared in the Leaders section of the print edition under the headline “Handle with care”
From the June 2nd 2018 edition
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