Jim Cramer: Italy's Banks Are Like Ours Were Back in 2009

Jim Cramer's outlook on Italy's banking sector.
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Amid Italy's takeover of Monte dei Paschi di Siena (BMDPY) , TheStreet's Jim Cramer said the banks in Italy are similar to U.S. banks back in 2009.

Cramer said improved lending and less regulation in Italy will boost its economy.