Is the Italian Economy Going The Way of Greece: $500 billion in “Non-Performing Loans

This article does a very nice job of explaining the deep problems in the Italian economy. Jack Rasmus argues that there are now $500 billion in “non-performing loans”. He argues that this problem is deeper than the Greek economy because Italian banking institutions are more integrated with the economies of other countries, including France. He predicts that there will be a “Triple Debt Recession” by 2019.