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Europe Daily Bulletin No. 10898

30 July 2013
Contents Publication in full By article 11 / 23
ECONOMY - FINANCE - BUSINESS / (ae) competition
MPS (Italy) restructuring plan must be toughened up

Brussels, 29/07/2013 (Agence Europe) - The European Commission is asking the Italian government to tighten up the restructuring programme for Italian bank Monte dei Paschi di Siena (MPS) in return for a public bailout of €3.9 billion, saying that, if urgent changes were not made in terms of cutting costs and the expected returns, perks offered to a number of lenders, fat-cat salaries for bank managers, abandoning over the counter trading, reducing exposure to sovereign risk and altering...