EU Commission Clears Revaluation Of Bank Of Italy Capital - Presented by: The Aol. On Network

The European Commission on Friday cleared the revaluation of the Bank of Italy's share capital, which has boosted the value of stakes held in the central bank by domestic lenders, saying it did not see it as a form of state aid. Italy earlier this year passed a law allowing the Bank of Italy to use its reserves to boost the value of its share capital to 7.5 billion euros from 156,000 euros,a level that had not been changed since the 1930s.



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