Italian banks are on the verge of collapse. Former PM Matteo Renzi failed in his bid to centralise power and, supposedly, tackle the country’s dire economic circumstances. In reality, though, what could he have done? In this edition of The Debunking Economics podcast we look at the state of banks around the world and economies teetering on the edge. If we are to face another global financial crisis, driven by bank collapses, how do the circumstances compare with 2007-8? And which countries will be hit the hardest?

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