Italy's Padoan puts on a brave face ahead of Monte Paschi problems via ForexLive

Italian fin min Padoan speaking in parliament - Italy's banking system can implement effective market solutions - Italian banking system is essentially solid Friday's stress test is expected to flunk Monte Paschi and Italy has been lamenting the bail-in rules because they don't want bondholders to get hurt; but you'd never know the country's third-largest bank was on the verge of collapse from these comments.