The debate between the Italian President and other European representatives (the European Commission President and German Chancellor in particular) has recently raised a number of disagreements, aided by multiple factors that, while impacting the entire euro area, have gained peculiar prominence in Italy. Although they have political and institutional components, these factors find their roots in economics. For this reason, it is worth focusing on the economics problems (specifically on the banking sector problems) that have shaped the Italian negotiating position in the euro area.

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