1) Italy's banks are burdened with a massive US$400 million worth of bad loans, which is highest in the EU by far. This hinders the banks' ability to provide credit to businesses, which in turn will affect the economy, leading to a vicious cycle. The Italian government could try to do a bailout but they are strapped for cash too. The Italian government debt level is the second highest in the EU after Greece. Furthermore, any attempt to carry out a bailout will likely run foul of certain EU central bank's regulations. Italy seems like the new weak link in the EU, bringing back the Grexit contagion fears. By the way, Greece is barely surviving too. 2) The systemically-critical Deutsche Bank never truly recovered from the 2009 financial crisis. Things are now in 'full-crisis' mode. Worse still, the recent Brexit will hit the bank hard. Deutsche Bank is the largest European bank ......