Padoan Back as Finance Chief With Bank Risk Stalking Italy
- Dealing with Paschi, non-performing loans now political issue
- Finance minister’s confirmation key to reassuring investors
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Pier Carlo Padoan has one more chance to finish the job that’s proved beyond him so far: fixing Italy’s banks.
For almost three years as Matteo Renzi’s finance minister, Padoan struggled with the banking system’s losses under the restrictions of European Union rules and the political limitations of his government’s situation.