Italy is considered to be the Eurozone’s second largest problem, following Greece. High levels of debt, poor productivity and a banking system on the verge of collapse are pushing the country to the precipice both in economic and political terms. But it does not need to be this way. Indeed, according to research from Astellon Capital Partners backed up by analysis conducted at Mediobanca Securities, without Eurozone fiscal restraints Italy would be significantly better off.

• Brace Yourself For Italy’s Bankruptcy

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