Czech finance minister says Italian banks may be bigger problem than Brexit

July 12, 2016 10:12 AM

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PRAGUE, July 12 The health of Italy's banks may be a bigger problem for Europe than Britain's decision to leave the European Union, Czech Finance Minister Andrej Babis said on his Twitter account while attending an EU finance ministers' meeting in Brussels on Tuesday.

"Everyone is talking about Brexit as a big problem, but that is just speculation," he said. "The health of some Italian banks may be a bigger problem for Europe."

Also read: Germany says prepared for any financial fallout from Italy vote

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