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The subprime meltdown was the financial crisis that led the US to recession forcing market movers to adopt alternative investment markets (2007 to 2010). European nations experienced the after-effects of the American crisis as many financial organizations in Europe faced similar issues. The EU problems started with the fall down of Iceland’s banking system in 2008 which continued to affect the banking systems till 2010 and 2012. Multiple factors like Brexit and a volatile markets worsened the condition of banks in Italy by mid-2016.
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