Don’t Worry: Italian Finance Minister’s Got This

Non ti preoccupare, bebe.
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By Francesco Pierantoni (Flickr.com) [CC BY 2.0], via Wikimedia Commons

By Francesco Pierantoni (Flickr.com) [CC BY 2.0], via Wikimedia Commons

Let’s say the beautiful but not-always-solvent Banca Monte dei Paschi di Siena should need a bunch of money, which seems a pretty safe assumption right now. And let’s say the Italians have to get a little Italian about the rules to save it. Take it from the country’s finance minister: You’ve got nothing to fear.

"The Italian banking system is not in systemic crisis nor is it a source of vulnerability for other banking systems," Padoan said.

Italy’s banks are not in crisis, pose no threat – economy minister [Reuters]

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