Italian PM Renzi talking bullcrap

  • No ECB intervention is planned for Italian banks
  • We are studying solutions on non-performing loans
  • Italian NPLS are less worrying than the markets perception of them

If you want to know why Europe is in such a mess it's rubbish like this. If "now" is the time to change the banking system, WTF have they been doing for the last 4/5 years?