• Italy plans £40 billion rescue of its financial system
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[QUOTE] Italy is preparing a £40 billion rescue of its financial system as bank shares collapse on the Milan bourse and the powerful aftershock of Brexit shakes European markets. An Italian government task force is watching the markets hour by hour, pledging all steps necessary to ensure stability of the banks. "We are ready for anything," Italian Prime Minister Matteo Renzi said. "This is the moment of truth we have all been waiting for a long time. We just didn't know it would be Brexit that set the elephant loose," a top Italian banker said.[/QUOTE] [URL]http://www.stuff.co.nz/business/world/81546085/italy-plans-7569-billion-rescue-of-its-financial-system[/URL]
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