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Juliette Foster

The leaning tower of Paschi: Italian No vote heightens bailout fears

Juliette Foster
Original Broadcast:

Share Radio Afternoon

The leaning tower of Paschi: Italian No vote heightens bailout fears
Fears are mounting that Italian bank Monte dei Paschi's €5bn bank recapitalisation plan has been jeopardised by the political upheaval following Matteo Renzi's resignation as Prime Minister. Bankers have said that if this private sector solution does fail, the world's oldest bank may require a state bailout. Share Radio's Juliette Foster is joined by Ferdinando Giugliano, Economics Commentator at la Repubblica based in Rome. Themes include the likelihood that a state bailout will occur, and the consequences of such a bailout.