President of Germany’s Bundesbank questions wisdom behind rescuing Italy’s third-largest bank whether it is in a bad financial state A bailout of struggling Italian bank Monte dei Paschi should not be seen as a done deal,a key European Central Bank policymaker has said.
Jens Weidmann, president of Germany’s Bundesbank, or said the Italian government ought to consider whether it should rescue the bank whether it is in a bad financial state.
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Source: theguardian.com