Investors fear eurozone problems 'bubbling under the surface' despite Italian bank rescue

Follows Italy's Atlante fund

Managers have called for further action to be taken on top of Italy's recent 'Atlante' bank rescue package to prevent the eurozone falling back into another crisis.

As reported in last week's Investment Week, investors are become increasingly concerned about whether Greece will manage to strike a deal to keep its bailout on track, while Italy was last week forced to rally its larger banks to create a €5bn emergency rescue fund for the country's weaker lenders. At the same time, Italy announced a reform to its bankruptcy laws, cutting the average period to reclaim collateral from over seven years to under four.  But although investors have welcomed the proposals, doubts remain over whether the latest measures will be enough to hold off a repeat of...