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Italy is essentially ready to step in with emergency decree on banks if necessary

according to government source

They add:

  • Italy cabinet has no plans to meet on Saturday to discuss banking situation

Monte Dei Paschi stock fell over 10% in trading today. The ECB supervisory board has decided to reject the request for more time to raise capital for the troubled bank. The government seems to be ready to step in if need be....

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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