Italian PM Renzi says deal between Italy-EU Banks close

Italian Prime Minister, Matteo Renzi, said Monday an accord between Italian and EU Banks is within reach.

Earlier today, reports suggested talks between Italy and the European Commission to recapitalise Banca Monte dei Paschi di Siena and other banks were stuck on whether creditors should face losses if taxpayer funds are used.

Eurogroup President Jeroen Dijsselbloem said  "I will resist taxpayer bailouts very strongly" as he sees  no "acute crisis". "There are issues of non-performing loans in Italian banks, but that's not a new issue," he said.