Italy does not expect other banks to need state aid - economy minister | Reuters

ROME Italy does not expect any more banks to need state aid after reaching a deal to wind down two ailing regional lenders, Economy Minister Pier Carlo Padoan said on Monday. 'We don't expect other lenders to need state aid,' Padoan told Bloomberg TV

Reuters June 26, 2017 22:45:05 IST
Italy does not expect other banks to need state aid - economy minister
| Reuters

Italy does not expect other banks to need state aid  economy minister
 Reuters

ROME Italy does not expect any more banks to need state aid after reaching a deal to wind down two ailing regional lenders, Economy Minister Pier Carlo Padoan said on Monday.

"We don't expect other lenders to need state aid," Padoan told Bloomberg TV. "We don't expect new cases to come up."

Padoan rejected suggestions the emergency solution created an uneven playing field in the European banking sector, after Germany's finance ministry voiced disapproval. (Reporting by Isla Binnie)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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