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Western EuropeFebruary 3 2021

Italy's banks brace amid new political upheaval

As Mario Draghi seeks to form a new government, the banking system must cope with a deep recession combined with the return of political turmoil.
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While the Covid-19 emergency rages, Italy is in the midst of new political turmoil.

Underpinning the crisis are the formidable challenges and opportunities linked to the huge investment available through the EU recovery fund, which could be as much as €209bn.

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