Saturday, September 7, 2013

FOXBusiness.com: Italy, EU agree tougher conditions for Monte dei Paschi bailout

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Italy, EU agree tougher conditions for Monte dei Paschi bailout
Sep 7th 2013, 18:43

Italy and the European Commission have agreed that Banca Monte dei Paschi di Siena will have to carry out a larger-than-expected capital hike, cut costs and reduce its large government bond holdings in order to win a EU green light for state aid, officials said on Saturday.

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