Adam Posen: Bottom Is Still Pretty Solid Under Italy

The transcript discusses concerns about Italy's economic stability and the potential impact of a referendum on its government. It highlights that while Italian banks are stable, the slow response to banking issues is due to past policies affecting small savers. The discussion also covers the potential outcomes of the referendum, including the possibility of a technocratic government or continued leadership by Renzi. Experts suggest that while Italian banks may not be profitable, there is no need to panic about Italy's overall economic situation.

What potential outcomes are discussed regarding the future of the Italian government?

What is the general sentiment towards investing in Italian banks according to the text?