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Mario Draghi

Italian banks in focus as Europe shrugs off Brexit _ for now

About a month on from Britain's vote to leave the European Union, there's little evidence that economic activity across the continent has been derailed yet.

That's some reassurance for the 19-country eurozone as it faces a host of other problems, many of which relate to Italy, the bloc's third-largest economy. The country has to shore up its banks — and will get some idea Friday of the scale of the problem when regulators publish the results of EU-wide bank stress tests.

Separate figures Friday will also show how the eurozone economy was faring in the run-up to the British vote. Analysts estimate that the quarterly growth rate halved to 0.3 percent in the second...

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