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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EU recommends ending deficit measures against GreeceMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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