State bail-out looms for Italian banks

Italian banks will need a capital injection of more than €21bn ($26.3bn) to bring their financial strength into line with their European competitors in the wake of the global banking crisis, according to a comprehensive report on the sector from Banca Leonardo published on the 20 November 2008

ESO: Background information: Rome promises banks as much as they need http://www.europeansources.info/record/rome-promises-banks-as-much-as-they-need/

---