Fortune

It’s Time to Worry About Italian Debt

Italy’s gargantuan bank bailout raises the stakes for an overburdened state.

IT HAS LONG BEEN a near-universally acknowledged truth that Italy’s banking system is the eurozone’s Achilles’ heel. Hobbled by bad loans that

You're reading a preview, sign up to read more.

More from Fortune

Fortune3 min read
Taxes Are In, Almonds Are Out
BANANAMILK Not banana milk, but Bananamilk. The latest faddy plant-based milk is made with bananas, sunflower seeds, and cinnamon. And, yes, it tastes like bananas, if you were wondering. NUCLEAR POWER The 2019 HBO series Chernobyl reminded us all of
Fortune20 min read
Why Trump Is Bad for Business
WITHIN MOMENTS OF DONALD TRUMP’S upset victory in the 2016 election, investors began stampeding into the shares of America’s steelmakers. After all, this was a business he had explicitly pledged to rescue. “Your steel industry—we’re bringing it back,
Fortune11 min read
Rewriting a Toy Story
HERE’S WHAT PASSES FOR GOOD NEWS these days at Mattel, the iconic toymaker that has taken more knocks than one of its Rock ’Em Sock ’Em Robots: a quarter of not losing money. In late October, Mattel posted positive quarterly cash flow for the first t