Is a new start needed for Italy's banks?

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Italian finance SDA Professor Claudio Zara, SDA Professor, Banking and Insurance Department and coordinator of the program Analisi strategico-finanziaria d'impresa, 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.

What do you see as the main results of the stress test? Were there any surprises?

Claudio Zara: In general terms, I think the results are good. They show the general resilience of the European banking system, and basically the results were as expected. No surprises.