Premier Matteo Renzi on Wednesday
conferred with Economy Minister Pier Carlo Padoan and Bank of
Italy Governor Ignazio Visco on the turbulence that has hit
Italian banking stocks this week. Government sources said that
the turbulence was being monitored "with great collaboration,
harmony and attention by competent authorities in the awareness
of the complexity of the situation and in the conviction that
past and future measures by lawmakers will help some banks in a
process of integration that is more necessary than ever".
Several Italian lenders are under intense pressure due to
investors' concerns about the number of non-performing loans on
their balance sheets. European Commission President Jean-Claude
Juncker said Wednesday he did "not see the risk of a bigger
banking crisis" when asked about the market turbulence that has
hit Italian banking stocks particularly hard. Padoan said that,
despite the "turbulence", "there is an underlying solidity of
the Italian system that is going forward and...is considered one
of the most trustworthy and attractive for investments".
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