Receive Breaking News updates as they occur
BRUSSELS (Reuters) - The banking sector in Italy and elsewhere in Europe will be protected and the European Commission will do everything to prevent a bank run, EU Commission President Jean-Claude Juncker said after a meeting of European leaders in Brussels. Rome is concerned that Italian banks, which are saddled with 360 billion euros (300.05 billion pounds) of bad loans, a third of the euro zone's total, risk attacks by hedge funds betting that Brexit turmoil could tip them into full-blown crisis. (Reporting by Robert-Jan Bartunek; Editing by Alastair Macdonald)
By Gabriela Baczynska and Elizabeth Piper BRUSSELS (Reuters) - Outgoing Prime Minister David Cameron told European Union leaders on Tuesday that Britain's future relations with the bloc it voted last week to leave could hinge on the EU's willingness to rethink free movement of workers. Cameron, who resigned after losing a referendum last week on remaining in the EU, partly due to concerns about an influx of EU workers, told his last summit of the 28-nation bloc he hoped the United Kingdom would maintain as tight an economic and political relationship as possible with the EU. "Britain will be leaving the European Union but we will not be turning our back on Europe," he told a news conference after a dinner at which he said many European partners expressed regret and voiced friendship for Britain.