20bn Euro Bailout for Italian Banks

Italy has approved a 20 billion euro bailout to save the country’s banks. Parliament approved the bailout, allowing the Italian Treasury to rescue Monte dei Paschi, Italy’s third largest lender. The bank provided details that it may run out of funds by April after stating that the bank could survive another 11 months.

 

 

http://bbc.in/2h2hHf2

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