Interview: Solutions are at hand for Italian banks

In the Italian banking sector there are only a few problematic cases and their problems can be solved, Supervisory Board member Ignazio Angeloni told Italian daily La Stampa in an interview published on the 27 December 2016.

The European Central Bank said on the 27 December 2016, citing the need for recapitalisation, that the total capital required for the Monte dei Paschi di Siena bank (MPS) would need to be €3bn higher than had been judged necessary just one month earlier.

The Italian Central Bank said on the 29 December 2016 that the Italian state would foot €6.6bn of the €8.8bn bill for bailing out MPS.

• Primary Source

ESO: Background information: Italy cannot afford to allow political instability to affect its troubled banking system / Italian parliament greenlights €20 billion to save banks http://www.europeansources.info/record/italy-cannot-afford-to-allow-political-instability-to-affect-its-troubled-banking-system-italian-parliament-greenlights-e20-billion-to-save-banks/

EUObserver, 30.12.16: Italy criticises ECB over bank bailout https://euobserver.com/economic/136428

The Local.it, 30.12.16: Italians to pay three-quarters of bank bailout bill http://www.thelocal.it/20161230/italians-to-pay-three-quarters-of-bank-bailout-bill

Italy: Bank of Italy [Banca D'Italia]: Press Release, 29.12.16: The 'precautionary recapitalisation' of Banca Monte dei Paschi di Siena https://www.bancaditalia.it/media/approfondimenti/2016/ricapitalizzazione-mps/index.html

ItalyEurope24, 24.12.16: [Analysis]: The keys to the financial club and the price paid by Italy http://www.italy24.ilsole24ore.com/art/government-policies/2016-12-29/direttore-181702.php?uuid=AD9uFbMC

EurActiv, 23.12.16: Italian government approves decree to rescue Monte dei Paschi http://www.euractiv.com/section/euro-finance/news/italian-govt-approves-decree-to-rescue-monte-dei-paschi/

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