The Gap Widens Between Europe's North and South
Monte dei Paschi di Siena, Italy's third-largest bank, is only one of many Italian banks struggling to pay off bad debt. As Southern European economies fall further into disrepair, tension between the region and its northern neighbors is rising.
(GIUSEPPE CACACE/AFP/Getty Images)
The British vote to leave the European Union has begun to take a political and economic toll on the Continent. Italy's biggest banks, already weighed down by a crushing amount of bad debt, saw the value of their shares and stocks tumble in the referendum's wake. Spain and Portugal, meanwhile,...
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