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Italy's plan to shore up its banks could roil Europe

A much needed bailout may be illegal under relatively new European rules that aim to protect taxpayers

The steep declines in shares of Italian banks suggest that a storm is ahead.


EVEN as Europe grapples with repercussions of Britain's vote to leave the European Union, a dispute over tens of billions of dollars is also threatening to roil the region's US$16 trillion economy.

The Italian government, according to some estimates, needs to spend US$45...

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