Thursday, December 12, 2019

Focus Italy plans to rescue banks

Focus Italy plans to rescue banks

In the center of attention of the market remain concerns about the financial condition of the crisis of the banking sector in Italy.

Italian banks are burdened with bad loans in the amount of € 350 billion, and if efforts to recapitalize lenders using private funds fail, the Italian Government may have to activate the saving procedure that will cause losses to private bondholders.

The Financial Times reported on Tuesday that the third-largest lender in Italy, Monte dei Paschi, you may have to turn on the output for help if a comprehensive plan to close the deficit of capital in the amount of € 5 billion is not going to work.



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