Italy is in a bit of a economic pickle – the banks need an urgent capital injection but as P. D. Jonson at the Henry Thornton site points out, (scroll to near bottom of article).
Fixing the weak capital position of Italy’s banks would require capital injections into Italy’s banks, with the only possible source the Italian government, but this is expressly prohibited by Euro area rules.
There’s another problem too – governments don’t have any money and what money they do appear to have is always appropriated from its citizens by tax. Governments are actually enormous capital/wealth/money churning machines which produce nothing, nada, zip.
The Italians, Greek, etc have run out of capital which always happens when you reject capitalism and adopt socialism. Under socialism there is no saving of money because all of it consumed by redistribution.
All socialists do not understand this basic economic fact.
All socialists are also utopians.
All the religious are also utopians.
Socialism is thus also a religion, and explains why socialists never learn because they can’t; their programming won’t allow them to.