Brussels, 17/12/2012 (Agence Europe) - On 17 December, the European Commission temporarily approved a €3.9 billion recapitalisation of Italy's third largest bank Monte dei Paschi di Siena S.p.A (“MPS”) for reasons of financial stability. This will increase its common equity tier 1 capital ratio to 9% and enable it to comply with a European Banking Authority (EBA) recommendation requiring an additional temporary buffer against sovereign risk holdings. MPS will receive fresh capital in...