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EU set to rule out state aid for Veneto banks: report

Monday, June 19, 2017 - 05:50

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Rome has been trying for months to reach an agreement over a bailout of Veneto Banca and rival Banca Popolare di Vicenza to avoid their liquidation.

Milan

THE European Commission will tell Italy in coming days it cannot use direct state support to rescue two struggling banks in the northern Veneto area, paving the way for their assets to be split into "good" and "bad" banks, La Stampa said on Sunday.

Citing sources at the

sentifi.com

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