Joke Of The Week: Italy’s Bank Rescue Fund
Source: assets.bwbx.io
Italian banks have been facing rough seas for quite a while now as the total amount of non-performing loans and bad debt is piling up now. The Italian state has been trying to find a solution for this increasingly important problem as all of its banks continue to report high write-downs on the value of their assets, which is undermining the health of the entire financial system in the country.