Brussels, 25/11/2005 (Agence Europe) - An infringement procedure against Italy for the functioning of its banking system is becoming more likely. Already under consideration by Charlie McCreevy (EUROPE 9065), this procedure requires a letter of formal notice to be sent to the Italian authorities, which the Commissioner in charge of the Internal Market hopes to sign "before Christmas", his spokesperson confirmed on Friday. The precise terms of the letter of formal notice have not yet been...