Letta: Migrants, Political Instability Weigh on Italy

The video discusses Italy's current political and economic challenges, including a constitutional referendum that could lead to instability if not approved. Economic concerns are highlighted by zero growth and the need for policies at both national and European levels. The migrant crisis is another pressing issue, with Italy receiving a significant influx of migrants. Additionally, the banking sector faces challenges, particularly with the Monte Paschi bank, though authorities claim the situation is under control.

What economic situation is Italy currently facing as described in the text?

What role does the European Central Bank (ECB) play in Italy's banking sector issues?