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Tuesday, November 10, 2026Nov 10

Italy’s troubles weigh on eurozone

FILE - In this June 27, 2014 file photo Italian Prime Minister Matteo Renzi speaks during a media conference after an EU summit in Brussels. Italy is standing out as the European economy’s problem child. Other countries that used to dominate negative headlines _ Spain, Greece, Ireland, Portugal _ are slowly healing from the debt crisis that ravaged the currency union in 2009-2012. Italy, in contrast, slid back into recession in the second quarter. And efforts by Renzi to shake up the country’s hidebound economy have slowed, after he took office six months ago promising to strike swiftly. (AP Photo/Michel Euler, File)
FILE - In this June 27, 2014 file photo Italian Prime Minister Matteo Renzi speaks during a media conference after an EU summit in Brussels. Italy is standing out as the European economy’s problem child. Other countries that used to dominate negative headlines _ Spain, Greece, Ireland, Portugal _ are slowly healing from the debt crisis that ravaged the currency union in 2009-2012. Italy, in contrast, slid back into recession in the second quarter. And efforts by Renzi to shake up the country’s hidebound economy have slowed, after he took office six months ago promising to strike swiftly. (AP Photo/Michel Euler, File) FILE - In this June 27, 2014 file photo Italian Prime Minister Matteo Renzi speaks during a media conference after an EU summit in Brussels. Italy is standing out as the European economy’s problem child. Other countries that used to dominate negative headlines _ Spain, Greece, Ireland, Portugal _ are slowly healing from the debt crisis that ravaged the currency union in 2009-2012. Italy, in contrast, slid back into recession in the second quarter. And efforts by Renzi to shake up the country’s hidebound economy have slowed, after he took office six months ago promising to strike swiftly. (AP Photo/Michel Euler, File)

FRANKFURT, Germany (AP) – Italy is standing out as the European economy’s problem child. Again.

Other countries that used to be the bearers of bad news – Spain, Greece, Ireland, Portugal – are slowly healing from the debt crisis that ravaged the currency union for much of the past five years.

Italy, by contrast, slid back into recession in the second quarter. And efforts by Prime Minister Matteo Renzi to shake up the country’s bureaucracy-choked economy have slowed, just six months after he promised to strike swiftly.

The troubles in the euro’s third-largest economy are weighing on the already weak economic recovery in the 18-country eurozone and complicating life for the European Central Bank.

Figures Thursday are expected to show the eurozone barely grew the second quarter. The expectation in the markets is that it grew by a quarterly rate of 0.1 percent – around 0.4 percent on an annualized basis.