Sven Giegold
Mitglied der Grünen/EFA-Fraktion im Europaparlament

Sprecher Europagruppe Grüne

Italy

Italian bail-out: Dangerous precedent for EU banking union

The Italian government has decided to launch a new banking bail-out scheme for the troubled Italian bank Monte dei Paschi Di Siena. Earlier this year, banking bail-outs became illegal without ensuring creditor liability by bailing in at least 8%…
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Background information on possible state aid for Italy’s banks

Since the Brexit vote, Italian banks’ shares have slumped dramatically: Italy’s third-biggest bank Monte dei Paschi di Siena has lost half its value. In response, big banks and the Italian government are suggesting to recapitalize the weakest banks with public…
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