Mr Varoufakis and Pier Carlo Padoan

Pier Carlo Padoan: Shares in Greece four largest banks have fallen by between 8.5% and 16%. , according to BBC. Italy finance minister Pier Carlo Padoan tweeted that Mr Varoufakis comments were misplaced and insisted Italy debt was "manageable". Mr Varoufakis told Italian broadcaster RAI such an exit would see the euro fall like a "house of cards". It comes as the UK prime minister chaired a meeting of officials this morning to discuss the impact on the UK of a Greek exit from the eurozone. (news.financializer.com). As reported in the news.