Italy Treasury minister to speak on banks Tuesday
Reuters
Published Jul 04, 2017 07:21AM ET
Italy Treasury minister to speak on banks Tuesday
MILAN (Reuters) - Italy's Treasury minister will hold a news conference on Tuesday afternoon on "recent developments in the banking sector", the Treasury said in a note.
The conference will start at 1500 GMT, the Treasury said but gave no further details.
Italy is waiting for the European Commission to give its final green light to a state bailout for Banca Monte dei Paschi di Siena (MI:BMPS) that should include heavy cost cuts and losses for some investors.
In June the Commission said it had agreed in principle on a restructuring plan for the bank so it could be bailed out by the state under new European rules for dealing with bank crises.
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Written By: Reuters
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