Bloomberg

Italy's fragile finances have a $2.4 trillion virus problem

A man reading the newspaper is seen in Venice on Sunday with an unprecedented lockdown across of all Italy imposed to slow the outbreak of coronavirus, in Venice, Italy, March 15, 2020. Foto: Manuel Silvestri

Investors are turning their attention to one of Europe's biggest time-bombs: Italy's stressed financial system.

The coronavirus outbreak and the resulting lockdown will have a significant impact on gross domestic product, and Italy plans to spend as much as 25 billion euros ($30 billion) to blunt the damage of a nationwide lockdown to businesses and individuals...

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