Domenica, 21 Ottobre 2018
ROME

MPS could be nationalized if it can't repay government loan

English
© ANSA

Rome, January 29 - Italian Economy Minister
Vittorio Grilli on Tuesday hinted that troubled lender Monte dei
Paschi di Siena could face nationalization if the bank fails to
reimburse a 3.9-billion-euro government bailout.
During a parliamentary hearing, Grill said that if the bank
were to fail to reimburse the so-called ''Monti Bond''
government loan, ''considering the current price of MPS shares,
the Treasury's stake would increase to 82% of the bank's
capital.''

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