Italy will respect EU rules on banking sector

So says an official on Bloomberg

Italian PM Renzi has been threatening to use public funds to prop up Italian banks, which goes against EU rules. That story came from the FT and is now being denied by Italian officials.

It's not the only story of an EZ state threatening to defy EU rules. Over the weekend, French PM Valls said he wants changes to wage rules or France will stop applying them. (h/t @sylvainBaude for link).

Naturally at the moment, the press are jumping all over headlines of government leaders saying they will defy EU rules given the Brexit situation.

Best in 2026

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access