Italian Debt More Than Twice EU limit, Risk EU Imposes $4 Billion Penalty


Bank of Italy economic Forecasts

Forecasts Italian GDP 0.1% 2019, 0.8% in 2020 and 1% in 2021
See gross NPL ratio for Italian banks under ECB supervision at 8.4% Q1 2019 from 8.3% in Q4 2018

Says negative balance on the target2 payment system has narrowed since start of year
Industrial production probably fell around -0.7% QoQ in 2Q