Prime minister convenes cabinet assembly as Monte dei Paschi makes last-ditch effort to raise €5bn from private investorsThe Italian government is laying the groundwork for a potential €20bn rescue of the country’s most troubled banks,including Monte dei Paschi di Siena (MPS).
A government statement issued late on Monday night said that the prime minister, Paolo Gentiloni, or had convened a cabinet assembly to request the funds from parliament. Related: Monte dei Paschi bailout: what you need to know – the Guardian briefing Continue reading...
Source: theguardian.com