Italian treasury to the rescue of the world’s oldest bank, Monte dei Pachi

Wednesday, June 27th 2012 - 08:51 UTC

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Italy offered up to 2 billion Euros on Tuesday to plug a capital gap in the bank Monte dei Paschi di Siena, the second time in three years the cash-strapped state has had to bail out the world's oldest bank. Read full article

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Doveoverdover
I read somewhere a rumour that a condition of the loan is that they open a branch in Stanley in time to facilitate the transfer of money from all those Italian oil workers to their families back home.
Jun 27th, 2012 - 11:29 am - Link - Report abuse 0
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