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IMF: Recession keeps Italy's banks at risk

March 26, 2013 13:47
Italy's financial system has shown impressive strength but the ongoing recession remains a major threat to its banks, the International Monetary Fund said Tuesday. "The Italian financial system has shown remarkable resilience in the face of a severe and prolonged recession at home and a major crisis in Europe," the IMF said in a report on the country's banks. However, it said, "While stabilized, the Italian financial system is not immune from risks: continuing weakness in the real economy and the link between the financial sector and the sovereign remain key risks."

URGENT ¥¥¥ IMF: Recession keeps Italy's banks at risk

March 26, 2013 13:32
The International Monetary Fund said Tuesday that Italy's financial system has shown impressive resilience but that the ongoing recession remains a major threat to its banks. "While stabilized, the Italian financial system is not immune from risks: continuing weakness in the real economy and the link between the financial sector and the sovereign remain key risks," the IMF said, in a new report. jt/pmh/dc

DIARY - Emerging Markets Economic Events to March 21

March 11, 2013 20:31
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DIARY - Emerging Markets Economic Events to March 21

March 11, 2013 03:15
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March 7, 2013 20:30
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March 6, 2013 21:00
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DIARY - Emerging Markets Economic Events to March 14

March 5, 2013 20:31
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March 5, 2013 04:30
For other related diaries, please double-click on: for emerging market economic indicator release dates and forecasts for a diary of top economic events for a debt auction diary for political and general news events for a global elections diary for an index of all diaries ** This Diary is filed daily *** ------------------------------------------------------------- EMERGING MARKETS - ECONOMIC EVENTS MARCH 5 WARSAW - National Bank of Poland holds Monetary Policy Council Meeting.

DIARY - Emerging markets economic Event to March 14

March 4, 2013 20:30
For other related diaries, please double-click on: for emerging market economic indicator release dates and forecasts for a diary of top economic events for a debt auction diary for political and general news events for a global elections diary for an index of all diaries ** This Diary is filed daily *** ------------------------------------------------------------- EMERGING MARKETS - ECONOMIC EVENTS MARCH 5 WARSAW - National Bank of Poland holds Monetary Policy Council meeting.
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