For the IMF, Italy must take action on banks

Italy's recovery continues, but more than expected, due to the outcome of the referendum on Brexit that slows the growth of the country, with the GDP will record a lower growth to 1% in 2016 and equal to 1% in 2017.
The IMF cuts economic forecasts for Italy, which asks for action on the front of the banks with their 360 billion euro of non-performing loans in the financial statements impede investment and growth.
The node to be resolved and for which public intervention '' is one of the options according to the existing rules. We believe that the current regulatory environment '' offers '' enough flexibility '' to address the situation, says Rishi Goyal, the head of the IMF mission to Italy.
Italy is also struggling with a high unemployment rate but gradually decreasing from 11.9% in 2015 to 11.4% in 2016 and will go to 10.9% in 2017, and with a high debt it is a source of weakness.