Commission ‘ready to discuss’ options with Italy in Bari recap

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By Tyler Davies
20 Dec 2019

The European Commission is talking with Italy about its proposed rescue of the troubled lender Banca Popolare di Bari, after the country passed a decree law this week spelling out plans for state intervention.

The Italian government stated at the beginning of the week that it would allow Banca del Mezzogiorno-Mediocredito Centrale (MCC), a state-owned bank, to provide up to €900m of support for BP Bari.

The Fondo Interbancario di Tutela dei Depositi (FITD), Italy’s deposit guarantee fund, could also contribute to a ...

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