The EU is edging towards a common mechanism for rescuing problem banks, in a drive to avoid any repetition of taxpayer-funded bailouts.
The European Commission has proposed the introduction of collective eurozone debt and a joint fiscal budget, as it unveiled a raft of controversial ideas for strengthening the often dysfunctional euro currency area.
Italian finance professor Claudio Zara calls for flexibility in eurozone rules covering government-financed bailouts in cases where banks' bad-debt burdens were largely caused by economic downturns - as in Italy.
Banco Sabadell has decided to move its legal headquarters out of Catalonia as separatists prepare to declare the region independent from Spain. A similar move is being weighed by Catalonia's biggest lender, CaixaBank.
Paris says it'll find other buyers if Italy doesn't agree to split ownership of France's biggest shipyard. It comes after the French government canceled a deal that gave a controlling stake to an Italian shipbuilder.
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