Sluggish growth and rising debts - Italy is the new Sick Man of Europe. But unlike tiny Greece, Italy has the third largest economy in the eurozone and is considered too big to fail.
With polls set to open, Italian voters are preparing to decide the political fate of their country. But amid a divided political landscape, Italy's ex-premier warned the country could see "extremists" come to power.
Italy's banks struggle with bad loans and the state itself is saddled with massive debt — but the voters don't seem to care, and the finance minister is demonstratively relaxed about it all.
Yi Gang takes over the reins of the People's Bank of China (PBoC) at a time when it is rapidly gaining global influence. But his key challenge would be domestic: tackling ballooning debt and ensuring financial stability.
China is set to create new ministries and merge the banking and insurance regulators in the biggest revamp of its cabinet in years. It's another move to streamline administration and curb financial risks.
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