"If The Fool persists in his Folly he will become wise." - William Blake
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Italy seeks €20bn for banks as Monte dei Paschi flounders
The Italian government will seek parliamentary approval to borrow up to €20bn (£17bn) to support its fragile banking sector and potentially rescue Monte dei Paschi di Siena. The country's third-largest bank needs to raise €5bn in fresh capital by the end of the month. If Monte dei Paschi cannot arrange a private sector bailout, a state rescue may come as early as this week. It is saddled with bad loans and is deemed to be the weakest major EU bank. Italian Prime Minister Paolo Gentiloni, whose government has only been in office for a week, is under pressure because private investors would suffer any losses under ... (full story)
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- Dec 20, 2016 12:21am Dec 20, 2016 12:21am
- The Fool
- Joined Apr 2009 | Status: Live and learn. | 1464 Comments
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- Dec 20, 2016 12:35am Dec 20, 2016 12:35am
- Ghassforex
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- Dec 20, 2016 3:03am Dec 20, 2016 3:03am
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4760 Comments
Carbon-Dioxide: the gas of life!
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- Edited 8:46am Dec 20, 2016 8:03am | Edited 8:46am
- Hollyforex
- | Joined Oct 2015 | Status: Member | 24 Comments
don't get in love with pairs ... up or down is the same pip value