Italy crisis will make Greece look good

PA

Things in Greece have looked better. Plunging stock markets across the world are a clear indication that the woes of the country are far from over. The shock referendum could push the country into yet another crisis over the debt default.

However, the head of the Financial Services Authority has warned that this is going to seem like a minor blip when we are hit with the full force of pent up problems currently building in Italy.