Italy criticizes ECB over Monte Paschi capital decision – Article – BNN

The European Central Bank should have explained more clearly why it nearly doubled its estimated capital shortfall for the ailing Monte dei Paschi di Siena bank, which is being bailed out by the state, Italy’s economy minister said.

Source: Italy criticizes ECB over Monte Paschi capital decision – Article – BNN

Italy in race to seal €5bn bank bail-out

Senior bankers are racing this weekend to piece together a highly complex, three-part rescue of the Italian Banca Monte dei Paschi de Siena, despite widespread expectations that a “No” vote in today’s constitutional referendum could scupper the deal, sparking a fresh eurozone banking crisis.

Source: Italy in race to seal €5bn bank bail-out