Italy launches €5 billion fund to help weaker banks

Series Title
Series Details 12.04.16
Publication Date April 2016
Content Type

Media reported on 11 April 2016 that Italian financial institutions had agreed to set up a €5 billion fund to shore up weaker banks, in a state-orchestrated plan to avoid a crisis in the country's banking sector.
Source Link Link to Main Source http://www.euractiv.com/section/euro-finance/news/italy-launches-e5-billion-fund-to-help-weaker-banks/
Related Links
Wall Street Joutnal, 11.04.16: Italy Agrees on Fund to Support Battered Lenders http://www.wsj.com/articles/italian-officials-meet-to-shape-bank-assistance-fund-1460387196
BBC News, 11.04.16: Italy sets up bank rescue fund http://www.bbc.co.uk/news/business-36020628
The Local.it, 12.04.16: Italy launches €5 billion fund to tackle bad debt: report http://www.thelocal.it/20160412/italy-launches-5-billion-fund-to-tackle-bad-debt-report
The Local.it, 06.07.16: World's oldest bank could become EU's newest problem http://www.thelocal.it/20160706/worlds-oldest-bank-could-become-europes-newest-problem
Deutsche Welle, 07.07.16: Inside Europe: Will Italian banks break Europe? http://dw.com/p/1JLDs
The Economist, 09.07.16: The Italian job http://www.economist.com/news/leaders/21701756-italys-teetering-banks-will-be-europes-next-crisis-italian-job
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