Handling bank crises almost impossible

But system has held up says BoI chief

(ANSA) - Rome, March 4 - It has become almost impossible to manage bank crises with the tools to hand, Bank of Italy Governor Ignazio Visco said Monday.
    He also said there have been bank crises in Italy "but the system has held up".
    Visco said the reform of cooperative banks and local 'popolari' savings banks had been necessary.
    He also said the Bank of Italy's gold reserves were not for monetary financing.
   

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