BBCNEWS Business Briefing July 14, 2024
Of an eventual deal. The deadline for parties in italy to form a new government is nowjust hours away. If they fail, a snap election would follow. The five Star Movement and the Democratic Party are still in talks about forming a coalition after they agreed that Giuseppe Conte should stay on as Prime Minister. All this comes at a time when europes fourth biggest economy continues to struggle and the region is facing a slowdown. Italy currently has 2. 3 trillion worth of public debt, which is equivalent to 133 of its overall gdp. Italian banks are most exposed to any default, but banks in franc...