Italy against German proposal of regulating sovereign holdings in banks

BRUSSELS (Reuters) - Italy is opposed to Germany's proposal of limiting the exposure of euro zone banks to debt of a single sovereign and believes the discussion should instead be on creating a European safe asset, Italy's Economy Minister Roberto Gualtieri said. Gualtieri said the risk weights and concentration limits on bonds of a single government proposed by German Finance Minister Olaf Scholz, would put European banks at a competitive disadvantage compared to banks elsewhere in the world."I..