EU, ECB will not block Italy bank fund, economy minister says
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[MILAN] There is no risk that European authorities will block a bank fund set up by Italian financial institutions to shore up weaker lenders, Italy's economy minister Pier Carlo Padoan told financial daily Il Sole 24 Ore on Wednesday.
The minister also said the government would approve next week new measures to speed up bankruptcy procedures to help banks shed part of 200 billion euros in non-performing loans weighing on their balance sheets.
The treasury was weighing the possibility of further cutting its stake of 65 per cent in the national post office Poste Italiane, Mr Padoan added.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
