UPDATE 1-Padoan defends Italy's use of taxpayers' money to wind up two banks
June 29, 2017 at 08:07 AM EDT
BERLIN, June 29 (Reuters) - Finance Minister Pier Carlo Padoan on Thursday defended Italy's closure of two failed regional banks using public funds, saying the costs pale in comparison with the large sums that Germany and Britain pumped into their banks after the financial crisis.