Up to eight of Italy’s troubled banks risk failing if prime minister Matteo Renzi loses a constitutional referendum next weekend and ensuing market turbulence deters investors from recapitalising them, officials and senior bankers say. Italy’s banks have €360bn of problem loans versus €225bn of equity on their books. Source: FT
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Leader of the VVD Halbe Zijlstra expects the euro no longer exist in a few years. He would at least have told opinion maker Jort Kelder and journalist Arno Wellens. Zijlstra itself can remember little of the conversation. Source RTL
Ambassador says Italian parliament’s investigations into NGOs is ‘a routine exercise carried by two parliamentary committees’ and that there’s no ‘hidden agenda’ Source Malta Today
The North Atlantic Treaty Organization plans to open the way next month for businesses to bid for about 3 billion euros ($3.2 billion) in orders for satellite communications, air and missile defenses, cyber security and advanced software.Source Bloomberg