Italy’s second largest Bank, Mediobanca, has warned the nation could need a rescue deal in the next six months. The economic crisis within Italy is deepening, and even large companies are feeling the effects of the credit crunch in the country.

Italy’s €2.1 trillion debt is the third largest sovereign debt in the world after the US and Japan.

Any stress in the markets could threaten to reignite the eurozone crisis once more.

Read More: The Telegraph