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In italy, the Coalition Government faces a challenging day ahead. Later the countrys Prime Minister, giuseppe conte, will be making a speech at the Italian Parliament and could face a vote of no confidence. This all comes at a time when europes fourth biggest economy continues to struggle. Italy currently has a massive 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 french, german and british banks are also at risk. The Italian Economy is still recovering from a recession last year. It grew marginally at the beining of the year, but since then, growth has been stagnant. Despite this, the Italian Government is forecasting growth of 0. 2 for the year, which is above estimates from the European Commission and imf. A major problem is the countrys stubbornly high Unemployment Rate of around io . But it is italys massive youth Unemployment Rate which is causing nightmares. It currently stands at a huge 28.

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