The full rationalization of the sector and effective supervisory action now depend on the issue of the necessary ministerial measures. The financial system’s main counterparties – households and firms – are not suffering from serious imbalances in Italy. The net wealth of Italian consumer and producer households is high by international standards and is associated with low debt.
The ratio of households’ financial debt to disposable income is 65 per cent in Italy, above 80 per cent in France and Germany, and nearly 100 per cent in the euro area.