Top Italy banker says risk of euro breakup growing
TRENTO, Italy | Fri Jun 1, 2012 5:07pm EDT
(Reuters) – A top Italian banker said on Friday that the European single currency was “on the edge of the abyss”, and indicated that national regulators were helping to cripple interbank lending across the euro zone by urging banks to lend domestically.
“The Greeks will decide on their own whether to stay in the euro or leave it, but if they leave and we haven’t decided what to do to keep the others in, everything will fall apart,” Alessandro Profumo, chairman of Italy’s third-largest lender Banca Monte dei Paschi di Siena (BMPS.MI), told an economic conference in Trento, Italy.
“We are on the edge of the abyss … The risk that (the single currency) may fall apart rises every day.”
https://www.reuters.com/article/2012/06/01/us-italy-banker-crisis-idUSBRE8501DT20120601