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EU's Juncker says problems at Italian banks not unsolvable

Published 14/12/2016, 18:59
© Reuters. European Commission President Juncker addresses the European Parliament in Strasbourg
BMPS
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BERLIN (Reuters) - European Commission President Jean-Claude Juncker said on Wednesday in an interview with German television ZDF that he did not expect problems in the Italian banking sector would lead to a fresh euro zone crisis.

"I don't think that one should expect that the problems of the Italian banks should be viewed as unsolvable problems," Juncker said, adding that the European Commission would do everything to help and support the Italian authorities.

"I don't think that something could arise from Italy that would look similar to a new euro crisis," he added.

© Reuters. European Commission President Juncker addresses the European Parliament in Strasbourg

Troubled Italian lender Monte dei Paschi di Siena (MI:BMPS) confirmed on Tuesday that the European Central Bank had rejected its request for more time to raise capital, a move that puts pressure on the Italian government to inject money into the bank.

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