Renzi backs moves on Deutsche Bank (2)

(ANSA) - Jerusalem, September 30 - Premier Matteo Renzi said Friday he was "certain" that German authorities "will do everything necessary to prevent the crisis of Deutsche Bank worsening". Speaking after the funeral of Israeli statesman Shimon Peres, Renzi said "we have always said that the EU must do everything needed to fix the situation of banks. In any case, full support for the German government in the hope and conviction that it will be able to address Deutsche Bank's problems". Deutsche Bank shares tumbled Friday after some hedge funds pulled billions of dollars in derivatives from the German giant amid concerns about its stability and their exposure.