Babiš: Italian banks could be bigger threat than Brexit

12-07-2016

The poor condition of a number of Italy’s banks could be a bigger danger to Europe and the Eurozone than Brexit, says the Czech minister of finance, Andrej Babiš. Mr. Babiš made the comment after a meeting of European Union finance ministers in Brussels on Tuesday, adding that the Italian government would have to support the country’s banking sector. He also said he was surprised that the incoming British prime minister, Theresa May, had said her country was definitely going to leave the EU.