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Martin Vander Weyer

Markets start the year strong while Italy totters towards the next crisis

7 January 2017

9:00 AM

7 January 2017

9:00 AM

The headline business story of the holiday season was the latest bailout of Banca Monte dei Paschi di Siena. This is Italy’s third largest bank and, according to recent ECB ‘stress tests’, Europe’s weakest — regarded by pessimists both as a potential catalyst for systemic collapse and a symptom of deeper Italian problems that could kick off another euro crisis this year.

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