Stephen, be prudent with Italy. Nothing there is what it seems to be. This bank used to be a healthy bank, until a specific political party took the control of it, taking advantage of a loophole. So don't assume its "the market". There is no "market" in Italy, only politics. Since 2000 years, more or less.
RE: Too big to save? How Italy's banking system could lead to the unravelling of the European Union..!!