Bank of Italy (begrudgingly probably) updates the world on bad loans
Dec bad loans €200.90bn vs €199.06bn in Nov
Loans to non-financial firms 0.2% vs 0.0% prior
ECB's Nouy called it last month. At least the Italians found the €20bn they need to set aside to support their banks ;-)
The government had better news as finance minister Padoan announced that Italy raised €19bn in 2016 from fighting tax evasion. Total 2016 tax receipts were up to €450bn vs €436bn in 2015.
