Fears of Brexit contagion may have overblown after Spain election a week ago, but Italy's continuing banking crisis continues to be a threat to the euro zone
The fears of Brexit contagion may have seemed overblown after Spain’s election a week ago. But as Italy’s continuing banking crisis shows, the euro zone still faces major challenges. The European Union must act fast to change the vernacular of austerity that has alienated voters and restricted the ability of governments to put together policies for growth. Italy must be allowed to take a page from the Spanish playbook.