Premier Matteo Renzi said Wednesday
account-holders in struggling Italian banks "have no problem,
that is the priority for me".
He said the "real question" in European finance "are not
Italian non-performing loans but the derivatives of other
banks".
He said "it is a problem that is moving towards a
solution".
The woes of troubled Tuscan bank Monte dei Paschi di Siena
(MPS), weighed down by non-performing loans (NPLs), will have
"market solutions", Renzi said.
He said the government's aim was "not to intervene to save
banking authorities but to protect account-holders".
Renzi said he was "certain that the ECB oversight and the
member states' commission will be extremely careful" on European
and Italian banking woes.
"If the problems for Italian non-performing loans are
worth one, the derivatives of other banks are worth 100," he
said.
"I am certain that European authorities will devote their
attention and all their commitment in this direction," he said.
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