eu approves italys plan for two struggling venetian banks
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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EU approves Italy's plan for two struggling Venetian banks

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Arab Today, arab today EU approves Italy's plan for two struggling Venetian banks

Italy rules out 'bail in' for investors in Veneto banks rescue
Brussels - Arab Today

The European Commission swiftly approved Italy's plans, announced Sunday, to break up two ailing Venetian banks using state funds.

"The European Commission has approved, under EU rules, Italian measures to facilitate the liquidation of BPVI and Veneto Banca under national insolvency law," the EU's executive arm said in a statement. 

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