EU court adviser says Italy mutual bank reform is lawful
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BRUSSELS/MILAN (Reuters) - A legal adviser to the European Union's top court said on Tuesday that the overhaul of mutual banks adopted in Italy in 2015 was in line with EU rules, dismissing an appeal filed by small shareholders and consumer organisations.The opinion is not binding on the European Court of Justice (ECJ) but judges do normally follow the legal advice given by the court's advocate general.They would normally rule in two to four months after such an opinion is given.The reform was..