The Italian banking system has been a problem for the third - largest euro zone economy since the financial crisis due to the high level of bad loans across all institutions. (cnbc.com)
Meanwhile, euro zone finance ministers agreed with the Greek government on a new reform package worth 2 percent of GDP to be implemented in 2019 and 2020. (cnbc.com)
Earlier in the session, markets were confident about rate hikes in the coming months and digested euro zone inflation data showing the slowdown was lesser - than - expected. (cnbc.com)