Continued concerns about the Italian banking crisis – Västerbotten Courier

Concern about the Italian banks’ relatively weak finances continues to create turbulence in the financial markets.

On Tuesday, helped the banking turmoil that the Japanese yen, which is considered a safe haven in troubled times, strengthened against the US dollar, reports the AFP news agency. The day before demanded the European Central Bank (ECB) to Italy’s third largest bank, Banca Monte dei Paschi di Siena, reduces the proportion of bad loans by 40 percent within three years.

A spokesman for Italian Prime Minister Matteo Renzi said Monday the country has no plans to defy EU regulations by pumping government money into the banks, writes Reuters.

the Italian banks were pressed hard during last week’s stock market turmoil, in the wake of the British referendum on the EU membership.