Italy's banks face no risks at
the moment but the government is ready to step should they
arise, Deputy Premier Matteo Salvini said Wednesday.
Asked if there were measures in the pipeline to protect the
banking system, he replied "there is no risk. The Italian
banking system is much more solid, barring rare exceptions, than
the German banking system".
"If there were a need, but i don't think there is, for any
type of intervention, we are ready in a quarter of an hour.
"This to make possible speculators understand that they are
spending their money badly if they are betting on Italian
problems.
"We are ready, in all scenarios, to cover and support the
savings of Italians".
There has been speculation that banks may be weakened by a
persistently high bond yield spread with Germany, sparked by a
budget row with the EU.
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