Zombie-banks, anti-EU sentiment and a stagnant economy are just some of the issues facing a country that would be too big to bail out, writes Philippe Legrain

Italy’s highest court gave the green light to a referendum that Prime Minister Matteo Renzi says will guarantee political stability and on which he has staked his future.

Italy said yesterday that it is “making progress” in protracted talks with Brussels over the best ways to inject much-needed money into its broken banks.

The most direct casualty of Brexit so far appears to be the UK’s property investment funds industry, with six funds worth over £15bn (€17.5bn) now refusing to allow savers access to their cash.

Italian bank Monte dei Paschi di Siena sought to calm investors over a trading scandal that has caused its share price to slump and led to much finger-pointing ahead of general elections next month.

Baltimore Technologies has announced that Actalis, Italy's leading provider of ICT security and PKI (public key infrastructure) services for the Italian banking sector, has chosen Baltimore's PKI to provide the platform for securing interbank B2B transactions in compliance with Identrus(TM) requirements.