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

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  • insubria87
    Insubria Italocentric WWP Member (insubria87@yahoo.it) MPS could be nationalized if it can t repay government loan Treasury stake would rise to 82% in troubled
    Message 1 of 1 , Jan 31, 2013
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      Insubria Italocentric WWP Member (insubria87@...)
      MPS could be nationalized if it can't repay government loan
      Treasury stake would rise to 82% in troubled lender, Grilli says
      29 January, 17:48


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      (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.''

      http://www.ansa.it/web/notizie/rubriche/english/2013/01/29/MPS-could-nationalized-it-can-repay-government-loan_8158002.html
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