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Tuesday, December 27, 2016

Italy’s Monte Paschi needs $9.2 billion in capital, twice more than originally sought: ECB

“The good news is that the ECB thinks Monte Paschi is solvent. So this has turned into a liquidity issue like we saw earlier in Greece.” Monte Paschi’s net one-month liquidity dropped to 7.7 billion euros from 12.1 billion euros during the Nov. 30 ...


READ THE ORIGINAL POST AT business.financialpost.com