Italy Leaders Push Banks Plan, ECB’s Mersch Cautions on Market

  • Premier Renzi, finance minister address Ambrosetti Forum
  • Plans for Monte Paschi, banks are key on first day of meeting

Before an elite financial and business audience, Italy’s prime minister and finance minister strove to project optimism that their drive to overhaul the country’s troubled banks will succeed. But a fellow guest from the European Central Bank damped expectations with a warning the market could have the last word.

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