ECB’s Nowotny: Danger of a spill-over effect from Italian banking problems much lower

European Central Bank (ECB) governing council member Ewald Nowotny is seen on the wires once again, following the EUR jawboning.

Key Headlines:

Does not see a problem regarding independence of central banks when asked about German/French proposal on Eurozone budget.

Danger of a spill-over effect from Italian banking problems much lower than it was with Greece.