Thursday, December 22, 2016

Rescue fund Italian government must Monte dei Paschi rescue – NU.nl

that Same evening were talks about a capital injection at the bank Monte dei Paschi di Siena, which failed, so the bank is very likely an appeal will do on the support of the Italian state.

“the purpose of the state aid, the savings of citizens as much as possible, and to protect the banking sector of Italy to strengthen,” said the new Italian prime minister, Paolo Gentiloni on Friday.

Monte dei Paschi has for the end of the year 5 billion euro capital need to lose through non-performing loans to catch. It succeeds, however, the bank is not the money through investors.

The government expected that the bank will now seek state aid to ensure that the previously drawn-up plan continue to be carried out, as was the minister of Finance Pier Carlo Padoan.

By: ANP

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