The European Union Is Bailing Out Banks Again |
| January 01, 2017 | January 2017 Bond Updates |
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Italian ones, this time. Well, one bank in particular. Monte dei Paschi di Siena (MPS), the centuries-old bank that is drowning under a growing pile of distressed loans. Since the private sector has now refused to cough up enough capital to close the shortfall identified in this year’s stress tests, [...] |
| View more at: http://www.forbes.com/sites/francescoppola/2016/12/31/the-european-union-is-bailing-out-banks-again/ |
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