SCOPO COMPANY
  • HOME
  • ABOUT
  • CONTACT

Scopo insights.

Italy Banks Beware

7/12/2016

 
The aftermath of Brexit continues to evolve. While the Dow Jones Industrial Average has hit an all-time high, it may be short lived.

Something else is unfolding in Europe that will put investors from around the world on edge, and it involves EU's fourth largest economy - Italy.

Italy's banking system in on the brink of collapse, primarily due to its public debt rate which currently stands at 135% of its GDP. Couple this data with Italy's devastating high unemployment rate, and you have all the ingredients to a five-star crisis that would cripple the EU and create a ripple effect across the global economy.

What does this mean for Mercer County, NJ small businesses? A lot. The industries which will be greatly impacted are financial services, food and coffee outlets, automotive and motorcycle establishments, fabric and fashion retailers, energy and petroleum distributors, and more.

Scopo is keeping an eye on Matteo Renzi and the EU publication of the July 29th "stress test" results of Italy's banking system. We do not expect it to be pretty, and this could create global investors to scramble and induce chaos.

Can Mercer County, NJ small businesses hedge their exposure and risk to Italy's economy? Absolutely. Contact Scopo today to discuss how a winning strategy can create positive results for your small business and learn why "Your Scopo is Our Scopo!"


Comments are closed.

    Author

    Joe Immordino, MBA
    President, Strategic Advisor

    Archives

    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015

    Categories

    All
    Economic Impacts
    Operations Management
    Planning Ahead
    Small Business Strategy

    RSS Feed

Copyright © 2015 .  All rights reserved.
  • HOME
  • ABOUT
  • CONTACT