Friday, 30 June 2017

‘Financial terrorism’: Italy to Rescue Failed Banks with Taxpayer Funds

Rome has released €5.2 billion in emergency funding on Sunday to wind up the failing Banca Popolare di Vicenza and Veneto Banca, with the country’s finance minister saying the total bailout costs might reach €17 billion.

[Posted at the SpookyWeather blog, June 30th, 2017.]

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