# Professor Michael Spence shares insights on the banking climate in Italy

1 Faculty News December 7, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/videos/2016-12-07/nyu-s-spence-italy-s-economy-weighs-on-banks) -- "We're now all focused on the banks and bailing them out. Surely, that's important. But one of the reasons the banks are in trouble is that Italy has, next to Greece, the poorest economic performance in Europe. The economy's barely growing since 2000."

[Watch the video](http://www.bloomberg.com/news/videos/2016-12-07/nyu-s-spence-italy-s-economy-weighs-on-banks)