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Italy ready to underwrite up to EUR 1bn Banca Carige shares - Corriere

The Italian banking crisis is back in the spotlight, with La Corriere della Sera reporting the latest headlines that Italy's government is said to be ready to guarantee up to Euro 3 billion worth of Banca Carige bonds while also looking to create a €1.3 billion "bank support fund".

Banca Carige collapse would be a big blow to the government, especially with the country embattling budget woes.  

Meanwhile, the EUR/USD pair remains unfazed by the above headlines, now trading near 1.1455/60 region, with a daily high of 1.1466 and low of 1.1435.

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