Monte pre-agrees ‘precautionary recap’

Italy_Europe_Flags_Fotolia_230x150
By GlobalCapital
01 Jun 2017

The European Commission and the Italian government have reached an agreement in principle to grant Monte dei Paschi di Siena (MPS) a “precautionary recapitalisation”, clearing the way for the Italian government to inject public funds into the troubled Italian bank.

Before the Italian government can commit any state money into MPS, the European Central Bank (ECB) must first confirm that MPS meets its capital requirements. The Italian bank must also dispose of its non-performing loan book.

But the European Commission officially agreed on Thursday that MPS would be ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.