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Italy has the third-largest public debt in the world after the US and Japan (Photo: Giampaolo Macorig)

Investment bank revives fear of Italy bailout

An internal note by Italy's second-largest lender, Mediobanca, says the country is heading for an EU bailout.

“Time is running out fast. The Italian macro situation has not improved over the last quarter, rather the contrary," the bank's top analyst, Antonio Guglielmi, said in a confidential memo to clients revealed in the British daily, The Telegraph, o...

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Italy has the third-largest public debt in the world after the US and Japan (Photo: Giampaolo Macorig)

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