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Italy could spark Europe-wide bank crisis: SocGen chairman

Rules limiting state aid to lenders should be reconsidered, he says
Thursday, July 7, 2016 - 05:50

London

ITALY'S banking crisis could spread to the rest of Europe and rules limiting state aid to lenders should be reconsidered, Societe Generale SA Chairman Lorenzo Bini Smaghi said.

"The whole banking market is under pressure," the former European Central Bank executive board

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